Why does Wall Street suddenly hate Apple?
This holiday season is shaping up to be a record-breaking period for Apple as shoppers snap up iPhones and iPads. So, why is the world’s most valuable company losing its luster with investors?
Apple began selling the iPhone 5 on Sept. 21, the same day the company’s stock hit an all-time peak of $705.07 per share. Since then, the stock has plunged nearly 25 percent, trimming the company’s market value by more than $150 billion. On Friday, the stock fell almost 3 percent and closed at $533.25.