CNNFN writes article about Turning up the heat on ticket resellers:
by Paul R. La Monica @lamonicabuzz May 3, 2016: 11:37 AM ET
It costs Apple $220 to build the iPhone SE
It costs Apple $220 to build the iPhone SE
Apple has been one bruised and wormy stock lately.
Shares have fallen for the past eight trading days and were up ever so
slightly on Tuesday. Apple (AAPL, Tech30) is down more than 12%
since its losing streak began on April 21 and has coughed up its
year-to-date gain in the process.
Intel (INTC, Tech30) is the only Dow stock that has done worse
year-to-date.
Apple’s latest earnings were underwhelming — iPhone sales fell from a
year earlier. That’s the first time that’s ever happened. The iPhone 7
can’t come soon enough for investors — and the many consumers who
apparently haven’t upgraded in a while.
And one of the company’s biggest cheerleaders, activist investor Carl
Icahn, has apparently had iNough of Apple.
Icahn said on CNBC last week that he no longer has a stake in the
company. His investment firm had owned nearly 46 million shares as of
the end of December.
But is the worst almost over? Apple’s stock is now just 2% above the
52-week low it hit in late August — the day that the Dow briefly
CNNFN Article Source Here.