According to BI it's down 20% from its September 21 intraday
high of $705.07, according to Bloomberg data.
Why is the stock on a big losing streak? A bunch of
reasons. One theory being advanced by
analysts is that investors are selling shares because they think capital gains
taxes are going increase during President Obama's second term.
Another reason is that Foxconn leader Terry Gou said,
"It's not easy to make the iPhones. We are falling short of meeting the
huge demand." This quote has a few implications for Apple. The first, and most obvious implication, is
that Apple is not going to have enough phones to meet demand…..
Read more:
http://www.businessinsider.com/why-apples-stock-is-down-2012-11#ixzz2BeKcZKGC
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