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Apple stock slide: Much ado about Wall Street

Jeremy Hobson Feb 15, 2013
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Apple stock slide: Much ado about Wall Street

Jeremy Hobson Feb 15, 2013
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Apple’s stock has taken a significant dive recently. Though the CEO of the company has changed from Steve Jobs to Tim Cook and there are new concerns over falling demand, Allan Sloan, senior editor-at-large at Fortune Magazine, says the company’s stock performance has little to do with what’s going on inside the company.

“This was a classic momentum play, it ran up, it ran down, with no real change,” says Sloan.

To hear more about Apple and its future prospects, click on the audio player above.

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