Apple went from investors’ darling to Wall Street whipping boy in a matter of months, and the stock is now down more than 35% from the record high it hit last September.
Shares plummeted to levels not seen since 2011 on Wednesday afternoon thanks in part to a recent note from Jefferies & Company analyst Peter Misek, who said
Apple could be in for another couple of “disappointing” quarters as nearly all of its major mobile launches will happen later than expected this year.
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