Fallen King?
Jan 25 2013, 00:54 IST
sense and drive for perfection necessarily confines it to the well-off. And finally, a rise in Chinese wages is a by-product of rapid industrialisation and incurring labour shortage.
The truth is that the stock tumble represents the same euphoric strain of investor behaviour that considered Apple to be God-like invincible and pushed its share price to $702 last September. Apple remains a fundamentally strong company—a profit margin of 24% coupled with a sales growth of 18% is every competitor’s envy. Decline in profit margins or failure to meet outsized expectations essentially means that Apple, like other companies, is run by humans and is susceptible to the contingencies of the market.
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