Apple Falls Over 10% in Ten Days

Posted on April 20, 2012

Shares of Apple [AAPL] have fallen over 10% in the past ten days. News like Apple being sued by the U.S. government in an ebook price fixing scandal has not been helpful. Apple has asked for it to go to trial, but being associated with a scandal the centers around charging consumers more for a product is not good for them. Some of the drop could also be consumers taking profits after Apple's big climb this year. Despite the negativity, Goldman Sachs has increased its 12-month price target on the stock to $750, which would be a jump of over 30%. Take a look: