The Apple Crash

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Wednesday, April 17, 2013 The Apple Crash Apple's stock was clobbered again today. Today's 5% fall seems to be due to bad news from Cirrus Logic, a company that provides audio chips for iPhones and iPads. Cirrus' earnings and forecast were below expectations, which suggests Apple's iPhone and iPad orders are going to be weak. Apple's stock slipped under $400 during the trading day. It fought back to close at ~$403. In this chart you can see the last time Apple was trading at these levels. The silver lining to this crash is that Apple is starting to look quite attractive. At this price, you have to assume the company is going to go bust. That's entirely possible, but highly unlikely. Read » Also On SAI Today: Yes, Yahoo Just Had A Terrible Quarter – But Marissa Mayer Has Never Been Sitting Prettier Toshiba Makes A Bet On Some Pricey $1,600+ Windows 8 Laptops Advertisement CHART OF THE DAY: Yahoo's Revenue Is In A Long Slow Decline CHART OF THE DAY: U.S. Teens Want An iPhone For Their Next Smartphone CHART OF THE DAY: Facebook Dominates Social Logins — But Google Is Closing The Gap Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the SAI RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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