How Much Lower Could Apple Go?
Apple set another 52-week low yesterday, hitting $419. The company’s journey from a 52-week intraday high of $705 to today’s low only took about six months. The market has been ruthless: Whenever a bottom seemed in sight, shares just kept sliding. To add perspective, the Dow Jones actually rose almost 4% during the same period. This leaves investors with two pressing questions: What is driving Apple’s decline, and how much lower could the company go?
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