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? How many companies wish they were apple right now? THe stock is leveling out to what the market dictates it should be. I would say around the 500-525$ mark. You can't keep artificailly inflated stock prices up at that level. At some point people are going to sell off to take their profit and then rebuy in. Speaking of which, this is going to be very common during the Fiscal cliff time in the US. That is for another discussion, probably not so much OCN as even though it is economic, it will turn political.
In essence the market is working as it should and the stock price is coming into line with the truer value that it should be representing. Apple releases garner much attention and ultimately lead to the temporarily inflated prices. Personally I am glad they are changing up the management a bit, they could use a shakeup and get some fresh faces in there. Also, what did you think was going to happen when Forstall decided not to take responsibility for the missteps in iOS 6.0. Tim Cook, as any good CEO would and should do, took all the blame and Forstall sat in the back hiding his face. Refusing to take any of the blame as it was ultimately his responsibility. I mean how many of you would keep your job if you screwed up and let your boss take the entirety of the fall for you?
Either way, 700$ a share was unsustainable for them. WIll it go back up there, maybe on the next iphone release. For now though the market has corrected the overpricing of their stock and brought it in line.








