“Apple sank to a three-month low Wednesday as the overall market slid on fears about China, a huge market for the consumer tech giant,” Alissa Williams reports for Investor’s Business Daily.
“Shares were down 1.8% to a three-month low of $123.43 in big volume in the stock market today, undercutting the prior low of a flat base with a $134.64 buy point,” Williams reports. “Apple is now trading about 8% below its late-April high. The stock has gained about 12% in 2015, boosted by its run in late January to late February.”
Williams reports, “Apple reports fiscal Q3 results on July 21.”
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MacDailyNews Take: This too shall pass.
Analyst sees big Apple Q315 EPS beat on iPhone strength – July 7, 2015
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