You are right. . . I was thinking about the end of January when it was as low as now. . . AAPL is volatile. I don't worry about the ups-and-downs of AAPL as I am in the for the long haul. On July 20, AAPL was at ~132. . . and then they reported the best third quarter of their history, to which a bunch of LYING Wall Street "journalists" reported lying "whisper" numbers which I documented here on FR (completely different numbers between 8:30AM and 2:00PM when Apple announced their Financials as reported by Yahoo Finance with the afternoon claimed Revenue expectations being a couple billion higher than the AM revenue), causing the after-hours trading to tank!
AAPL is still above the adjusted greater than $700 per share pre-split highs that made Apple management decide to make the seven for one split.
I bought in when it was the equivalent of $40. So I am not worried. Apple has over $220 BILLION in cash and other short term liquid assets. It is NOT in any kind of trouble. What we are seeing is insanity. The P/E is the best in the industry. . . and every bit of news is positive except for the obvious FUD being spread that you can recognize from a mile away.
My wife always updated to the latest iXXXXX.
With the 6 she wants but is not ready to fork over the bucks.
Same with the lastest iPad.
Her other sisters are slowing down also.
I saw earlier that one of the companies (Verizon) no longer ‘sells’ you a phone ... you can upgrade after six months if you have paid 50 percent of the costs.
I guess people still stand in line for iPhones when they come out but the market is slowing.
#7 I bought in when it was the equivalent of $40
You should change your name to: $wordmaker