Originally published August 22 2015
Apple's overpriced stock loses $158 BILLION as investors flee market collapse
by Natural News Staff
(NaturalNews) On a day when the Dow Jones Industrial Average lost 530 points and 3 percent of its value, investors were particularly unkind to tech giant Apple.
The firm managed to ride a bull market to new heights in recent years, becoming the United States' most valuable company during that time. But now, the pendulum is swinging the other way, and the market's dramatic sell-off on Friday took a heavy toll on the iPhone and iPad maker.
Apple's stock price fell $6.72, or a full 6 percent, to close at $106.02. In all for the week, Apple's losses were 8.5 percent, making it the worst performer in what is turning out to be an ugly stock market, USA Today reported.
By the closing bell at Friday's session, $158 billion in Apple valuation simply vanished. As the paper further reported:
The fate of Apple is more than a story of single stock. Apple is the the [sic] stock that captures if not personifies this bull market. It's a top holding by individual investors – many of whom are new in the market. Its shares have benefited from the mobile data boom, which fueled much of the bull market. And Apple's enormous profit margins and surging record cash pile are a testimony of the company's ability to command premium pricing for its products – and consumers' willingness to pay up.
But the same factors that made Apple so important during the bull makes it the key stock to watch as the market unravels. The Apple stock crash is reaching proportions that are downright ugly – breaching three important levels that quantify just how this isn't your typical decline.
Continue reading the full article at Collapse.news to learn about the three important factors showing how momentous Apple's stock price collapse really is.
All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing LLC takes sole responsibility for all content. Truth Publishing sells no hard products and earns no money from the recommendation of products. NaturalNews.com is presented for educational and commentary purposes only and should not be construed as professional advice from any licensed practitioner. Truth Publishing assumes no responsibility for the use or misuse of this material. For the full terms of usage of this material, visit www.NaturalNews.com/terms.shtml