Recently, New York Times did a very interesting story on Apple.
If we track its previous years records, then we will realize that the sales of Apple devices such as iPhone, iPad etc is forever increasing. However, relatively the share prices of Apple are not increasing.
In fact, the darling of Wall Street, Apple shares has reduced in the last few weeks.
To provide a valid answer to this phenomenon, the story said, “The answer, of course, is that no one really knows. Yes, Apple is slowing, as companies inevitably do. But Apple remains enormously profitable and the envy of corporations worldwide.”
In a scintillating reporting, it has been revealed that a total of $290 billion worth of investor’s money has been wiped out since September last year!
You can read the complete story here.