Why are Apple's stocks plummeting?
October 19, 2011 3:05PM
edited January 2014
It hit a high last week, at it's highest close ever. I know markets go up and down....but DAMN. -23 so far and it's continuing (today only so far though). What the heck did Apple do wrong dis week. Did I miss something?
Reply 1 of 1
October 19, 2011 3:24PM
They didn't meet the ludicrous expectations of price per share increases.
Apple surpassed every measure of their guidance for the quarter, but what Apple says means absolutely nothing to anyone; what random analysts say is all that matters, and when Apple doesn't meet those standards, the stock drops.