It seems that the market has yet again overreacted to a bit of bad news out of Cupertino. Apple is delaying the release of the Apple TV by a couple weeks, and of course, this is a sign that the end of the world is near, and Apple’s share price should automatically be pummeled.
Since becoming an Apple shareholder many years ago, I have had to endure many trading days like today. Apple lives and dies by hype, and unfortunately, when they don’t deliver, Wall Street decides that the company is worth five percent less than it was the day before. I have no doubt that the stock will rebound in a day or two as it always does when things like this happen. I just wish the market would be a little more rational when it comes to Apple. I like roller coasters, but enough is enough.