Apple Has Wall Street Spooked. But You Shouldn’t Be

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Apple Has Wall Street Spooked. But You Shouldn’t Be

posted on Jan 14, 2016 09:40PM

Lite and fluffy, but shows that a new product is needed..

Apple has Wall Street fretting. Last week, Apple’s stock price dropped to its lowest closing price in a year. The company has lost about a quarter of its market cap since hitting a record high eleven months ago, in a slide that began even before the jitters that have plagued the market as a whole in 2016. Yes, tech stocks weren’t off to a great start, following a broader market trend spurred by a weaker-than-expected manufacturing figures from China. But Wall Street analysts seem worried about Apple in particular, especially iPhone sales. These include even those analysts who are usually bullish on the Cupertino company. So, what’s going on?