Carl Icahn Was Right

We now have at least three warnings about Apple (NASDAQ:AAPL) over the last few months that have been validated by recent events. In April, before Apple released earnings, we noted that social data aggregator LikeFolio had put out a sell rating on the stock based on their analysis of social media data, and we presented a couple ways for concerned shareholders to hedge if they wanted to stay long (Hedging Apple Ahead Of Earnings). When we plot "purchase intent mentions" for Apple on a 30 day moving average, we see a steady erosion over the past 4-6 months. We also have seen FAR lower purchase intent mentions surrounding Apple's new product releases than prior (even comparably minor) product releases. In an article last month (Apple: The Next BlackBerry?), we shared Marco Arment's warning about Apple slipping behind in AI (artificial intelligence).