Investors Should Keep Apple In Their Portfolios
by Sandeep Godiyal
The collapse of Apple (NASDAQ: AAPL) stock price over the past six months has caused the once seemingly-golden stock to fall from grace with investors. A look at the way Apple stock has performed relative to the respectable gains of the S&P 500 seems to confirm the "disappointing" tag placed on it by stock analysts, with the stock price falling 40% from its peak level despite profits of close to $42 billion in 2012 on earnings of close to $165 billion. As of April 15, Apple stock closed at nearly $420, the lowest it has seen since prices started falling from the $700 level last September. Because of this, Apple stock is experiencing one of its worst sell-offs in the past ten years. read more »
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