Apple is Down Big This Week: Here's Why You Shouldn't Care
Shares of Apple fell approximately 6.5% this week, and on one single day, the company lost $35B in market value. Apple's losses look even more dramatic when you compare its current price to its all-time high of $705 per share in September. But what caused the drop? In this video, Motley Fool analyst John Reeves discusses some of the opinions on why the stock fell recently, including thoughts on increased competition, and possible institutional rebalancing. But then he asks the bigger question: If the core investing thesis in Apple hasn't changed, and the fundamentals of the company are still best in class, do I really care about this recent downturn? At most, it represents an excellent time to buy.
There's no doubt that Apple is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded with over 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and more importantly, your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.
The article Apple is Down Big This Week: Here's Why You Shouldn't Care originally appeared on Fool.com.John Reeves owns shares of Apple and Google. The Motley Fool owns shares of Apple, Amazon.com, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Amazon.com, Google, and Microsoft. 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.