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Apple stock craters, losing USD $113 Billion
That is a B as in billion.
I haven't been paying attention -- why is the stock suddenly falling now?
Too many smart phones, for not enough smart people. Maybe not everyone wants an electronic tether smart phones have become. Dunno.
Too much FUD. Apple is making mountains of money, but not enough for the guys on Wall Street who find it more profitable to short them, and thus need something to panic the rubes.
Apple (AAPL) shares fell significantly for the second day Tuesday — bringing investors' paper losses to staggering levels and putting the stock further into correction territory.

Shares of Apple finished down $3.80, or 3.2%, to $114.64 in regular trading Tuesday, meaning they've fallen more than 14% since hitting their high of $134.54 on April 28. Given the massive size of Apple's market value, this sell off is enormous in that it has wiped out $113 billion in paper wealth. The sell off essentially erases more than the entire market value of corporate giants including Nike (NKE) at $98 billion or McDonald's (MCD) at $95 billion, separately.

It's the stock's third five-day losing streak in the past month, knocking the stock down 7% in just that time, says Bespoke Investment Group. The stock is down further from its average price the past 50 days than it has been in 12 years, Bespoke says.
Posted by: badanov 2015-08-05
http://www.rantburg.com/poparticle.php?ID=425370