Shall I take it then, that you disagree with the Reuters writer's article?
I've consistently said that Apple's margins and market share were wholly unsustainable, caused by a technological shift, that the stock would collapse in spectacular fashion, and that Apple's business model is absolutely bound for niche status, by design and by its own history. Technology shifts frequently cause outrageous market distortions. And it continues to be a distortion.
The collapse has barely begun. The $250,000,000,000 that has evaporated in weeks is just the beginning.
It is a spectacular collapse, isn't it? You are watching history, Cogito. An absolutely historical event.
And you are going down in the eternal memory of our beloved SI as having been wholly on the wrong side of it. :)
Apple was @ $648/sh on 10/8/2012
| To: Brian Sullivan who wrote (142388) | 10/8/2012 5:34:33 PM | | From: Cogito | 4 Recommendations Read Replies (2) of 149178 | | I believe the action in AAPL today was mostly due to technical factors. But one never really knows.
The Foxconn stories are overblown at best, from what I can tell. Still, they're out there, tipping the fear/greed balance. Along with all these tiresome stories about how Apple just isn't the same since Steve Jobs died.
Nice buying opportunity.
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