Apple ‘A Broken Company’

Bruno J. Navarro, CNBC:

Apple stock is headed to a level of $425 per share this quarter, DoubleLine CEO Jeff Gundlach said after the company reported disappointing earnings Wednesday.

“I think this is really a broken company that is over-owned,” he said on “Fast Money.”

Record-breaking revenue. Record-breaking profit. Over 75 million iOS devices sold in the quarter. Totally broken.

★ Wednesday, 23 January 2013