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Apple Drops 6.4% Due To Volatility And Uncertainty: The iPad Mini Is Out, Now What?
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Today, Apple shares fell 6.43 percent to 538.79, which represents a $34.8 billion market cap write-off. Analysts have been looking for reasons for the drop all day long without finding a single one that stands out. They forgot about the long-term perspective.
During the past 12 months, Apple shares have been up 42.7 percent, mostly due to two new products, the iPhone 5 and the iPad mini. With a new CEO and no new product in sight, volatility kicks in. The smallest downturn leads to a huge stock drop. Reporting about stock variations often means focusing on short-term activities.
source: http://feedproxy.google.com/~r/Techcrunch/~3/63vHGVk8RNs/
2012-12-05 21:23:08
Source: http://someit.com/2012/12/05/apple-drops-64-due-to-volatili/
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