The Growth Addiction
I don’t own any Apple products. No iPhones, no iPads, no Macs. I’m not a fan of the company, its culture, or the late Steve Jobs. And yet, I can’t help but think the market is hugely overreacting to Apple’s recent earnings disappointment. It’s true, revenues and profits are down. Are they down enough to erase $40 billion in stock value, though? Does that make any sense at all? Apple is even being blamed for dragging the Dow index into the red.