17 percent of all retail investors owned Apple stock.
The great collapse of Apple, tied to the evenht5s in North Korea, is having a huge impact on independent investors. 17 percent of ALL investors have Apple stock! Aswath Damodaran, professor of finance at New York University, said the enthusiasm surrounding Apple last year prompted him to sell his own holdings in the company when the stock was around $610.
“I was terrified by the kinds of investors coming into Apple’s stock,” said Mr. Damodaran. “Not only were they coming in with unrealistic expectations, they were at war with each other.”
Toni Sacconaghi, an analyst at Bernstein Research, predicts that Apple will post an 18 percent decline in net income, as less lucrative products eat into its profit margins. In 2012 during that same period, Apple almost doubled its net income from the same period in 2011.