Apple Stock Price Collapse

If our regular readers recall, I predicted the steep fall in the iFruit company stock price many months ago. Smart investors who followed my advice could have sold their stock for around $700 a share instead of around $450 today (down over 10% or $50 in the last day).

The bad news from Apple last night about their quarterly sales is a clear indicator of a trend to me, not an anomaly. The iFruit company is planning on introducing several new phones this year aimed at the China market and that will end up being a dud. Samsung and Huawei will dominate the Chinese market along with other smaller companies. Don’t hold your breath for an iFruit comeback, it just isn’t going to happen.