Where the Apple falls

Not that everyone follows financial news, but dropping Apple stock prices have dampened enthusiasm about the company so many love (and others hate). Recent reactions could well result from a number of factors: the inevitable fall of any huge success, suspicions about the company without Steve Jobs, or simply the fickle nature of a stock market driven by flash-trading and emotion. Today’s Slate.com added a few more ideas:

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“On Wednesday afternoon, Apple announced that during the last three months of 2012, it earned more money than any other non-oil company has ever earned in a single quarter. (Gazprom, Royal Dutch Shell, and ExxonMobil have each topped Apple’s earnings one time.) What’s more, during all of 2012, Apple’s profits topped $41.7 billion, which is also a record for any firm outside the oil industry. (ExxonMobil earned a few billion more in 2006, 2007, and 2008.) Continue reading “Where the Apple falls”