Apple stock has fallen a lot since its $700+ peak around September. At a certain period of time it was down to $525, the lowest it’s been since early this year.
And if you bought stock at that low price, you don’t need to worry - CITI analysts expect Apple to grow quoting the nascent and growing tablet market, and the expected continuous growth in smartphones.
Moreover, as we’ve previously seen, the pullback has happened before in the near past and Apple has always rebounded by 20% to 50%, stronger than earlier.
However, admittedly, there are some risks as with all stocks and tech companies in general. Low and mid-range smartphones are growing fast in both sales and specifications.
Here is CITI’s analysis, it might turn out useful if you are considering investing in Apple: