4.5% drop today is just begining
AAPL peaked in Nov. So do all suppliers. Suppliers 3008.TW down 90, 2330.tw down 2.5 today.
Hope you did't buy yet. GOOGL PE whas been drop to 16 two years ago. If PE stayed the same GOOGL will fine. I don't know why PE doubled since then.
A few month ago MS initiated coverage as market performer but said the EPS estimate appeared too high.
GOOGL is a 10 years old company. Like CSCO, INTC, GOOGL gets to too big to grow. PE has to go down.
Citi and BAC both are 3rd class financial companies, therefore their recomandation should not be trusted.
It's much lower now.
For past 5 years, GOOGL eps growth is 11% only based on actual share appreciation . Future growth will be much slower.