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.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?