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With Apple (NASDAQ:AAPL) falling for the third straight day on Friday to be down almost 15 percent since the start of the year, the question being asked is: Just what do the company’s investors want?
The price of the shares has continued to fall since Apple posted earnings of $13.1 billion, or $13.81 a share, on sales of $54.5 billion on January 23. It was the fourth-largest quarterly profit ever by any company, but clearly wasn’t not good enough for the growth-hungry investors. Concerns have also increased because of Apple’s own assertion that its usually low guidance, which has been considered conservative, would get more realistic from now.
But the biggest concern being collectively expressed is about innovation. Apple, known for turning several industries on their head, is suddenly in a position where its products are being called boring and unexciting.
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