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Analysis: That sub-$400 AAPL share dip – what does it really mean? - 9to5mac.com
Predictably, AAPL’s brief dip below $400 yesterday is resulting in a lot of excited reporting in the press, but how much does it all really mean?
The 5.5 percent slide yesterday was a combination of two factors. First, yesterday was a bad day for the market as a whole, with broad selling across a range of US stock triggered by the government reporting slower growth in hiring than the market had expected (via The Economic Times) …
For Apple, the effect was worsened by a key chip supplier, Cirrus Logic, blaming a poor revenue forecast on excess inventory. Since Apple is its biggest customer, the market concluded this
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