Wall Street Mixed As Apple Tumbles To Two-Year Low

[HardOCP News]

The hits just keep rolling in for Apple. With Google overtaking Apple as the world’s largest publicly-traded company, combined with the recent wave of doom-and-gloom reports and negative headlines, I'm actually surprised Apple is doing as well as it is right now.

The S&P 500 and Dow Jones swerved between gains and losses before ending virtually flat. Up 0.90 percent, Microsoft was the largest upward force in the S&P 500. Apple Inc, a mainstay in many portfolios, was the heaviest drag on the three major indexes, slumping 2.35 percent to $90.34, its lowest since June 2014, as worries festered about slowing demand for iPhones.

 

[hardboner]

set your buy targets. aapl price has always been boom and bust.

 

[athenian200]

Maybe everyone will stop emulating Apple if their stock keeps tanking. Well, I can dream, anyway.

 

[Twisted Kidney]

The tech market is such a fickle thing.

 

[Rev Lemmon]

What did they expect? When all the glam and glow have worn off Apple isn't left with much.

 

[MRAB54]

Maybe if the quality was top of the line like the price tag... If they fixed their flaky OS, I'd consider a mac laptop. Ipad on the other hand - I received one as a gift two years ago and it was so frustrating to use to browse the internet that I stopped using it altogether. Now it is a youtube machine for the two year old.

 

[krotch]

I don't think anyone except wallstreet is surprised. We already knew it's stock prices were way too high to begin with, it was only a matter of time til it normalized.

 

[Ordeith]

now for the Google correction. That company is so overvalued it's comical.

 

[mope54]

dropped a whole $2. probably going out of business.