There's almost unanimous feeling that Apple's last quarter numbers wsere just excellent and with any other company, would have been well received by the markets.
The main revenue driver remains the iPhone and almost to the analyst, hey project those positive numbers to continue for a variety of reasons. Interestingly Apple has also made it know that they are going to dramatically expand their marketing and sales in emerging market countries.
Keep in mind the Shanghai market drop did not really effect he sales of iPhones, which were excellent and the Shanghai market is nicely rebounding to it's old levels, helped by all sorts of market support measures by the chinese government.
there are other important revenue streamins for Apple just getting going,like Apple tv, Apple pay, Apple Music and of course, the Apple watch.
It's important to keep in mind, imo, the watch is a first generation product and Apple seemed to have ambivalent feelings on how aggressively market it and that was all compromised by serious supply side problems from their suppliers. My feeling and that of many analysts, is that he Apple Watch will have upcoming blowout holiday sales numbers.
And finally, Apple has almost seemed to become a ready, liquid cash machine or those hedge funds and etf's, tc. wanting ready liquid dollars and, imo, that may be hurting it's upward movement at times.
