Apple Is Down 6%: Here's Why You Should Stop Panicking
Shares of Apple fell by 6% today, and as one of the most closely watched stocks on the market, any move by Apple shares is going to have a lot of analysts immediately pretending to know what caused it. In this video, Motley Fool tech and telecom bureau chief Eric Bleeker addresses one Norwegian analyst's perspective that Apple's "cycle of vogue is ending." Eric explains how Apple's superior pricing power and supply chain, its low cost percentage for research and development, and its large percentage of users who intend to upgrade to the next iPhone all suggest that there isn't a shred of evidence for this viewpoint. Ignoring Apple's rock-solid fundamentals and attributing its success to a fad that is on its way out is exactly the kind of wrong-headed thinking that costs investors money.
If you're looking for answers on whether Apple's rally has run out of steam, Motley Fool senior technology analyst Eric Bleeker has created an in-depth report named "Is Apple's Epic Run Over?" which dives deep into the storylines driving Apple's sell-off. The report is a free update to our premium research report on Apple. To get instant access to our latest thinking on Apple, simply click here now.
The article Apple Is Down 6%: Here's Why You Should Stop Panicking originally appeared on Fool.com.Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services recommend Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.