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What’s Important in the Financial World (11/16/2012)

24/7 Wall St.

Worrying about Apple

Apple Inc.’s (NASDAQ: AAPL) share price erosion has taken the top spot of the financial news recently. The stock has fallen 17% over the past three months. A debate over why this happened rages between analyst who love the stock and those who hate it. But, without a large consensus, the debate has no center. Apple’s new products, which include the iPhone 5 and mini iPad, have sold well, but perhaps not as well as many investors would like. However, no one has strong evidence that this Christmas season will be less than a sales triumph for the world’s largest public company by market cap. One reason why shares have fallen may have to do with the profit-taking theory. Apple’s share price rose as much as 70% year-to-date in September. Wisdom would dictate that prudent investor take some of those profits and lock them in. It makes sense. What other mega-cap…

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SMIPP Ltd is a DG Independent Power Plant Private Joint Stock Company. 25-60 MW Gas Turbines Power Generators

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