Apple Gets Crushed On A Day Of No News

Apple’s stock fell 6.43 per cent today. 

Zero Hedge says it’s the biggest Apple drop in four years.

The weird thing is that no one seems to have an answer for why it’s happening.

Piper analyst Gene Munster ran through some options (margin requirements, misinterpretation of the news, technical problems, concerns about China) but none of them really add up.

If you’ve got any ideas, let us know in the comments.

For what it’s worth, this is not as bad as it’s been for Apple. The stock has been down since September, and at one point it almost fell under $500.

chrtt

Photo: Yahoo Finance screenshot

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

apple sai-us