Why Investors' Inexplicable Disgust for Apple Is Misguided
Posted on January 24, 2013 at 12:20 PM EST
What’s happening with Apple (NASDAQ:AAPL) right now – the general visceral aversion to the company’s shares – is almost irrational enough to end up in the next edition of the medical textbook used to diagnose mental illnesses. Why? Well let’s talk numbers first. Apple announced Wednesday afternoon that it had sold a record 47.8 million iPhones in the fourth quarter of 2012 up 29% from 37 million in the same period a year earlier. Sales of the iPad tablet rose 48% over the year-ago period to hit a record 22.9 million devices. Impressive no? Well not if you are ...
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