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December 11, 2012

The Real Reason Apple's Stock Is Slumping

Kevin Kelleher, Pando Daily


AP Photo

For a company at the peak of its game, Apple sure had a dismal week. The stock slumped 9 percent without any negative news, and in the midst of what could be its strongest quarter ever. In fact, Apple’s stock is down 24 percent since Sept. 21. Months after people started predicting Apple would be the first trillion-dollar company in the world, the stock’s market value is having trouble holding above $500 billion. That’s still a massive figure, but it’s also cheap: Apple’s price-earnings ratio of 12 is as low as it’s been in ten years.

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