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Tuesday, April 24, 2018

THE APPLE CORRECTION

With demand for Apple's iPhone looking weaker than expected (per Austrian-based supplier AMS, itself in stock freefall), CNBC, among other sources, is describing "panic mode" among investors as Apple heads into "correction territory."

Cupertino's stock has dipped 7.1% so far this week (obliterating some $64m in shareholder value); it's currently trading at $162.94. Not only is the stock less attractive, but the decline could put the brakes on the overall growth of tech securities. The Dow is down 424 points at present.

 
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