The $239 billion loss in market value is a vote of no confidence in Apple’s future
Apple stock dropped from a high of $705 per share in September 2012 to $450 yesterday, a loss of $239 billion in market value in just 4 months.
Apple-aholics and shareholders hope this is an aberration but historically high-flying stocks generally have nowhere to go but down.
In the stock market, there are stars and dogs. Apple is now a dog, something I predicted in August 2012.
Apple’s first problem is they are selling old technology after leading the market in touch phones and tablets. Samsung Galaxy is the hot new brand.







