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Foxconn offered $12.6M government subsidy to stem layoffs linked to iPhone 6s order reduction, repo
first of all, Happy New Year to all! As for Apple, i cant imagine sales would go down 30% suddenly, with all that expansion. I have some stock since 2013, so im still in virtual profit, but ofcourse far away since $130 levels a year ago. If stock will drop under $100 (it will probably happen today) im ready to add more to my portfolio, so no big deal for me, patience is the king. -
Wall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off'
in 2012-2013 AAPL fell from $100 to $56, so -44%. Now we are from $134 at $94, so -30%. I can see room for decline to $75 to match -44% decline like in 2013, does it make sense? Add global uncertainties and i can even see $60-65, but it is probably too much.
Anyway im still profitable with my investment, but once will AAPL decline under $85 i will start virtually losing (i was temporarily losing in that 2013 decline), so not easy decision if SELL, HOLD or BUY more, i can afford all options.