“Apple (AAPL) shares were still trading Wednesday – but investors might wish they weren’t,” Matt Krantz reports for USA Today.
“Shares of the gadget maker closed down $3.12, or 2.5% to $122.57 amid a volatile day on the market – continuing what’s been a brutal period for the stock,” Krantz reports. “Shares have slid nearly 9% from their all-time high of $134.54 set on April 28.”
Krantz reports, “Apple stock continues to suffer as investors worry about slowing profit growth in the second half of the year and reports of weak Apple Watch sales.”
MacDailyNews Take: Ooh, “worry.” And ginned-up FUD. Let’s all panic! Puleeze. Thanks for the annual summer Apple sale, dummies!
Krantz reports, “The decline in the stock since the high has erased $69 billion in market value.”
Read more in the full article here.
MacDailyNews Take: Once again, this too shall pass.