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This is probably the most correct and verifiable answer. To check: search for any stocks that have had significant appreciation in the last few years and see ho
by lemma 14y ago
This is probably the most correct and verifiable answer. To check: search for any stocks that have had significant appreciation in the last few years and see how they've done lately versus stocks that have been flat during the same period (msft, for example).
- iaw 14y agoI think if you compare the SPY (S&P 500) to AAPL over the time period concerned you'll see the SPY losing 5% while AAPL lost 20%. I agree that ekpyrotic's answer is the most verifiable reason, but I do not believe it's the only reason. One could make the argument that Apple has a massive off-shore tax liability, and with Obama back in office the odds of them escaping it favorably is reduced. An additional argument is that, with Steve Jobs dead, there is concern over the long-term viability of the companies growth prospects (where can Apple go from here?). Only reinforcing this is the misstep with iOS 6 and the seeming lack of improvement in the recent iPhone. Additionally market psychology is one to overreact. Presuming the stock was overvalued at 702 it is potentially undervalued at 520. My roommate just bought 20 shares because he thinks the price is good...