This is in part due to the spectacular moonshot the stock enjoyed during the fall and winter, when it blasted from $400 to nearly $650. Apple's stock has often sold off after moves like this, and the current pullback may be just more of that behavior.
But, still, a change in trend like Apple's may indicate a fundamental concern. And these fundamental problems often start small and grow in importance over time, dragging the stock down with them.
So it's worth thinking about what investors might be worried about.
There are still a couple of catalysts that could drive Apple's stock higher this year, namely the launch of the iPhone 5 and the expected debut of the full-fledged Apple TV in the fall. But analysts have begun backing away from the expected launch date of the TV in recent weeks, which may be having some impact.
And there's the broader and more profound concern that, by 2013,Read More »from A Real Concern For Apple’s Stock: Telecom Carriers Threaten to Kill Subsidies on Phones