Apple: Spring Rally Now Almost Completely Erased

The Apple (AAPL) spring rally has been almost entirely deleted.

Pressured by a combination of concerns over the health of CEO Steve Jobs, disappointment with the latest round of iPod product announcements and the company’s caution on near-term gross margins, combined with worries about weakening PC demand in the face of a struggling economy, the shares have been ratcheting steadily downward since mid-May. The company suffered a similar sharp selloff early in the year before staging an impressive spring rally.

For Apple investors, 2008 has been a story with three distinct parts.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »