AAPL is officially in bear market territory i.e. decline by more than 20% from ATH, about 24%.
Start of market meltdown? Or rotation out of mega caps?
Yesterday dropped to bear market territory, today is back inside correction territory.
Somehow many people don’t think highly of AAPL.
From sure to bankrupt, then iPhone saturation, then no innovation, now valuations too expensive.
Lesson learnt: Buy n hold good companies that are disliked by WS.
Sound like current EV/AV investors are scared. My guess is they don’t understand transformer approach in developing a product, and 静若处子,动如脱兔 quiet like a virgin, moving like a rabbit business strategy.