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They're Hugely Successful? Time To Punish Them
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It's massively profitable, and has so much cash it doesn't even know what to do with it all. And despite speculation that sales are off, the company still sells massive amounts of product with big margins. So why is it that Apple stock is getting hammered on Wall Street? One thing is that the stock went way high due to unrealistic expectations of infinite growth and is now dipping below its true value in a case of overcompensation. Or maybe just the hint of slower growth -- which is natural for a mature company -- is scaring people away. The KIND of stockholder the company attracts -- individuals -- scares some investors away. And there's the fear that the company doesn't have a new category killer in the works. Whatever, it's an interesting development. (New York Times)
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