4 Tech Stock Stories for Mental Downloading
Apple (NASDAQ:AAPL): Current price $448.84
Monday starts a new week for Apple, which must be both a relief and a worry to the firm that used to be the most valuable in the world (less than a week ago). On Wednesday, Apple released its fourth quarter results which some companies would kill for. Results included decent quarterly numbers along with double-digit growth in some product categories, but revenue that was just a bit lighter than the Street had anticipated, with profits only a few cents better than had been forecast. However, even figures such as these are not what the company typically posts, and shares did quite a number during the second half of the week, falling some 11 percent late Wednesday and igniting a firestorm among observers and analysts who asked, for example, if Apple’s glory days are over.
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