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Overlooked in Apple's (AAPL) long list of Mac and iOS announcements yesterday was the company's...
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Tuesday, June 12, 2012, 9:49 AM ETOverlooked in Apple's (AAPL) long list of Mac and iOS announcements yesterday was the company's release of several iOS features aimed specifically at Chinese users. The features include not only the expected addition of Baidu (BIDU) search, but also the integration of Sina's (SINA) Weibo and merging video sites Youku (YOKU) and Tudou (TUDO), as well as Chinese-language support for Siri. Apple's China sales soared 3x Y/Y in the March quarter to $7.9B, and made up 20% of its sales.
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This news story has 9 comments:
What I did miss however was an explanation why the stock plummeted ?
This data is what the exchanges and SEC is privy to, but not the general public.
They just want to run the stock down and then back up again.
They do get burned from time to time, but not often.
These are the same type of "Bear Raiders" that I read about during the 1920s in "Reminiscences of a Stock Operator" by Edwin Lefevre. Goes to show you nothing has changed.
My question is: "If a stock price can be so manipulated, then how competitive is the market?" Using the term manipulation does not merely imply but state defacto that the market is rigged. The question is to what degree?
You can still make money in a rigged market, but this explains why fundamental analysis for many stocks is way off.
Seems reporters are only concerned with the hardware releases and the market continues to have unrealistic expectations of Apple's updates.