| ||Ask HN: Why is AAPL down to $527 a share from $705?|
11 points by schrodinger 1646 days ago | hide | past | web | 30 comments | favorite |
|AAPL had steadily increased all the way up to around $705, all the while holding a recommendation to buy. Then, without any explicit reason I can see, it's suddenly started constantly falling all the way down to a new low of $527.|
I'm asking as a completely honest question: can someone versed in economics explain what they think is going on? What changed and why are they on such a decline? Was it just over priced based on the presumption that they'll continue to beat expectations, and they haven't?
I'm not looking for trading advice or opinions on how the company is doing, but rather an objective economic explanation of the market factors at play.
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