Apple Computer’s stock price has been heading south in recent months. After reaching a high of over $700 per share, it was trading at just under $500 recently.
That’s about a 29% drop since its September high-point. What’s interesting is Apple’s sales and profits are very high-close to or above previous records.
It seems that Wall Street isn’t happy because this is the first time that Apple’s sales and profits have not risen year-over-year.