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:
“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”