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December 6, 2012 07:25 am GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/63vHGVk8RNs/
Apple Drops 6.4% Due To Volatility And Uncertainty: The iPad Mini Is Out, Now What?
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/63vHGVk8RNs/
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