“Despite making $13.1 billion in profits last quarter, Apple missed its estimates and it paid the price in the form of a massive sell off of its stock that saw it fall from $514.11 a share to $439.88 in just two days. There is no doubt that the company is still selling a lot of products – both iPhones and iPads were up over the comparable quarter from last year – but the shine is definitely coming off all of that aluminium,” Jon Rettinger writes. Get A Free Trend Analysis For Apple Inc. Shares Here!
Can the company recover? We have a few ideas on how it might do so.
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Related ETF: Technology Sector SPDR ETF (NYSEARCA:XLK).