that's not what you said. you said the 3 settlements were baked into the pps and they are not.
we could apply your logic to any stock and it would go down.
take away the iphone and lets see where AAPL PPS lands.
what kind of argument is that?
if you think pps wont go up on 3 settlements. I cant help you with that. that would be incorrect. because if 3 settlements did happen this would go up...