It looked like Apple (AAPL) might be establishing a foundation at about $560. With the stock declining, this stopping point is important. The steady rise to $644 produced no clear support levels, and the stock needs a foothold to encourage investors and prevent frustrated selling. Then along came today’s breakdown. What next?… This article... »
Previously, I listed iCloud as one of Apple’s (AAPL) uncertain growth/profit areas, explaining: “iCloud – All the heavies are weighing in along with new, smaller firms, competing aggressively on product and pricing. This activity has the earmarks of a service quickly becoming a commodity with low profitability.” This view is fleshed out in Tuesday’s... »
