Is it time for the Sell Side to throw in the towel on Apple (considering how bad their coverage has been)? Apple Inc. (NASDAQ:AAPL)’s falling share price might not be the crack of doom for the tech giant as short-sellers are expecting.
Apple Inc. (NASDAQ:AAPL) got jolted and the competition added a nasty sting to it. There is no question that Apple is facing many problems, but low profit margins and tough competition are not company specific. Recently, Apple traded below $500, but Barclays Plc (LON:BARC) (NYSE:BCS) still puts the price target at $740 in a year.