
No flames, please. Comments, yes. I’m worried. Apple’s stock price, largely based on the runaway success of the iPod and iTunes Music Store, is now firmly entrenched above $40 a share.
It wasn’t but a couple of years ago that Apple stock was selling at a bargain rate in the low teens. Still, the company managed to make money, roll out new products, and maintain market share.
Now, the iPod’s a hit, Macs are NOT selling like hotcakes, a little profit is still there,.... (excerpted).
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stock trading said:
Apple’s share price clearly needed to come down after its huge run up.