Has the Apple fallen too far?
Having fallen a quarter from the highs which made it the biggest company in the world and the first to hit a $1trn market capitalisation, the company’s shares look decent value.
Until last month, Apple (US: AAPL) was the biggest public company in the world. In the last decade, its share price has risen almost 1000% and, over the summer it became the first company to hit a $1trn market capitalisation. But from that glorious high, Apple has lost 26% of its value, most of that in November. Investors have been spooked by management’s guidance for the three months to December 2018 – the first quarter of the group’s fiscal year – which suggests year-on-year revenue growth will slow to between 1% and 5%, compared to 20% in the three months to…