Thursday, December 06, 2012

Apple loses $34.9 billion in market cap in its worst trading day in 4 years, but why? - The Next Web

Sign of the times: Apple loses ~125% of HP's market cap in an off trading day, for no apparent reason
"However, the gist to the situation is that Apple’s core businesses are strong, and the market is pricing Apple as if its every ounce of future growth is spent. If you think that Apple will grow its earnings by more than 12% of so in the next year, you are all but implying that it has been overcorrected.
At the same time, something in motion tends to stay in motion unless acted upon. Heading up, Apple was a rocket, and now in the other direction it has been carrying weight, despite the firm having an incredibly strong set of products heading into the lucrative holiday season."
Apple loses $34.9 billion in market cap in its worst trading day in 4 years, but why? - The Next Web
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