jobs had a fresh iconic product with no competition...now product is stale, dated and competition coming from everywhere...its called a cycle, the big apple falls while the small rise like potentially nok....history tells that story over and over, csco was going to be the first trillion dollar company, oh wait then came the competition...
Cook has nothing to do with what is going on. The main reason is technical and hedge fund positioning. The rest is excuses to justify the drop. IK suspect that they were too many long term options on this stock and the pros are cleaning this out. the technicals are destroyed, fueling more selloff. Now confidence is trashed fueling even more selloff.
put this in the environement of global slowdown and fiscal cliff plus the manufacturing issues they had and you got the perfect storm.
now i am afraid that the anals will come one by one dropping the 12 month price on this stock as it was this am.
this stock is going down below 500 at this point. nothing retailers can do about it.it is going to be a bloodbath at close as i watched the tape
Management has nothing to do with it. Wall Street crooks have decided once again to slam AAPL continuously on everything. No matter what Apple management does, Wall Street crooks will spin it as a negative. So it's better for management to remain quiet as usual. Wall Street continues to mistreat AAPL the stock even though the company is selling every product it can make!