Apple’s stock took an immediate hit, capping off what was already a disastrous end of the year for the tech giant. It only seems like yesterday when Apple became our country’s first ever trillion dollar company several months ago, but now their stock has dropped nearly 40% in only 3 months since their peak in October.
There are several factors contributing to Apple’s expected Q1 slowdown. Most notably is the ongoing trade war with China, where iPhone sales have fallen sharply as the Chinese economy continues to struggle. Another factor may be a recent increase in market volatility, an affect which has gone far beyond just Apple, although Apple’s latest development certainly had a rippling effect on the market as a whole.
In any event, we are once again sharply reminded that there is no such thing as a guarantee when it comes to any investment. We cannot stress how vital it is for the 98% of the population who have their retirement funds wrapped up solely in Wall Street to consider alternative investments.