Apple Inc. (NASDAQ:AAPL) shares continue their downward trend today, and the reasons for that are relatively mixed. Analysts are citing a variety of factors, including more competition for tablet sales, uncertain capital gains tax rates for next year and other factors.
Shares of Apple Inc. (NASDAQ:AAPL) have dropped about $20 since the markets opened this morning. Because the company is the most valuable one in the U.S., you can blame Apple Inc. (NASDAQ:AAPL) for two-thirds of today’s losses in the NASDAQ 100 Index. Reuters pointed out that today at one point more than 17 million shares were traded, which could mean that trades of Apple Inc. (NASDAQ:AAPL) today could end up being over the daily average volume of trades, which is 21 million shares over the past 50 trading days.
Analysts from firms all over the country are weighing in on potential reasons for Apple’s sudden decline. One report indicates that the company’s tablet share will drop next year, while others were looking at clearing firms’ higher profit margin requirements. Still others believed that Apple shares are falling in value because of concerns about increases next year on capital gains taxes.
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ValueWalk has covered a broad spectrum of views on Apple Inc. (NASDAQ:AAPL) shares recently. Yesterday, Paul Shea explained why rumors that Apple would offer a special dividend to stabilize its stock price are off-base. We also covered why the updated plans for a faster iPhone 5 rollout could be having a negative impact on the stock. And, as Apple executives and insiders, like Eddy Cue, continue to unload their shares of Apple Inc. (NASDAQ:AAPL), it seems clear that even they think something’s wrong with it right now.
Of course investors shouldn’t lose perspective on this stock. It’s still at a significant increase since the beginning of the year, and only since its all-time high in September (at $705 per share) has it shown such a high level of volatility.