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In ~2009 Apple lost 50% of its value—despite previously introducing a world changing product and having billions in the bank. Macro trends affect everyone and
by mixmastamyk 2y ago
In ~2009 Apple lost 50% of its value—despite previously introducing a world changing product and having billions in the bank. Macro trends affect everyone and premium stocks often get hit hardest.
- freedomben 2y agoYes, but that describes most other stocks too. 2008/2009 was a general blood bath. No matter where your money was (in the stock market) it took a beating.
- mixmastamyk 2y agoYes, and Apple took a harder beating than usual because it was overvalued (ahead of itself) beforehand. Plausible potential future about to rhyme with the past.