Since April, Apple Inc. (NASDAQ:AAPL) has lost over $113 billion in share value and is now only up about 3 or 4% for the year.
What is going on in the world's most heavily-held stock?
There are some things in life that cannot be explained. People trying to explain the fall in Apple will present logical reasons why, but the reality is, the market's expectations and perceptions often trump common sense.
Reality check: Apple is still a huge company and still making boat loads of money with over $200 billion in cash sitting offshore. Apple is not going to go out of business anytime soon.
Apple's cash cow is the iPhone. Sales growth, while good, is slowing down as the market becomes saturated. The last big market Apple has to conquer is China and that market is getting to be very competitive. Continue reading "What's Up With Apple?"
