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Analysts reaction to Apples reports was to lower the stocks' price by as much as 10% during beginning of trading.. So what happened that made Apple close at a mere -2.5%?
I think a lot of private investors gobbled up the discount stock awaiting the rebound back to $200.
I totally believe Apple will return to and break the $200 mark. Everything about the company looks great and recession or not, one just has to pop into the Apple store on 5th avenue NY and see the complete mayhem of shoppers cramming in endless lines to get the new AirBook.. have you seen it, by the way?
I definitely want to own stock in a company that produces that kind of machine.