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Apple quandary?
Did a bit of math on Apple shares and noticed the last time this company ran into some negative press (speed bump) the shares fell from $86.40 to a low of $50.16 (about 42% of it's value). This time the shares fell from $199.83 to $115.44 (about 42% of value). What's up with that?
Since both corrections started in January (after a big run up the prior year) I will assume these corrections are something along the lines of a portfolio rebalance (as opposed to a company specific problem).
The quandary is; If history repeats itself, then this current correction will not turn around until late summer (July-August).
Back to school spending and Christmas is Apple's seasonal strength.
Does the iPhone change Apple's seasonal strength?
Any thoughts would be appreciated.
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