Why is Apple stock doing so poorly?

Answer

Christopher Nerney
Vote Up (9)

The simple explanation is that the market decided Apple was overpriced. This was a common (though often disputed) sentiment for a couple of years or so before last September, when Apple shares began tumbling from their all-time high of 705.07 to less than 400.00 a share.

Given Apple's years-long growth in share price, couple with the death of founder Steve Jobs in 2011, and it's not surprising that Apple's stock has fallen in recent months. Keep an eye out for Apple's earnings after the market closes on Tuesday.

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