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Apple loses spot as world's most valuable company
From the blog Breakout: If it wasn't such a game of expectations, Wall Street would be honoring Apple (AAPL) today and its stock would be soaring in the wake of another quarter of record sales and earnings. But, diminishing
SAN FRANCISCO—Apple Inc.'s stock price declined nearly 10 percent in after hours trading Wednesday (Jan. 23) after the firm projected sales would decline by more than 20 percent one after the other in the current quarter.
A friend of mine, a weatherman for a local TV station, always greets me the same way: "Time to sell my Apple stock?" And I always offer the same response: Do you still like the company? "Yes." Then don't sell it. Investors were wringing their hands
SAN FRANCISCO—Apple Inc.'s stock price declined nearly 10 percent in after hours trading Wednesday (Jan. 23) after the firm projected sales would decline by more than 20 percent one after the other in the current quarter.
Moreover, the decline in Apple's (ticker: AAPL) market capitalization since its stock peaked at $705 a share, to Thursday's close of $450.50, exceeds the $142 billion loss from Fannie Mae and Freddie Mac, the worst financial crack-up in history.
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