Apple's (AAPL) stock is now down about 10% from its recent pre-iPhone high.
Suddenly, the Apple bulls have gone quiet.
Suddenly, you don't hear everyone agreeing that Apple's obviously going to $1,000 or on its way to becoming the first $1 trillion company anymore.
So, what's going on?
Why is the only stock that pretty much everyone agreed was a sure thing suddenly going weak in the knees?
A bunch of likely reasons (If I've missed any, please add yours in the comments):
- The last huge catalyst of this year — the iPhone 5 — is now ancient history, and investors no longer have any massive product announcements to look forward to. Early this year, investors were expecting three big product catalysts from Apple: the iPad 3, the iPhone 5, and the "iTV." The first two have been launched. The "iTV," meanwhile, has disappeared from everyone's radar screen. (Yes, the "iPad Mini" is coming, but that's viewed as a derivative version of the iPad.) If news begins to leak that Apple's going to roll