Apple shares have recouped fairly steadily since finding a floor in July some 30% lower than April 2015 all-time highs. The likeliest reason for this is the gradual rebasing of investor expectations as the market reconciled itself to the group selling ‘just’ 40-50 million iPhones a quarter after sales of its flagship product failed to grow for the first time ever in its April quarter.
Ken OdelugaMarket Analyst
Ken Odeluga has over 15 years' experience of reporting and analysing global financial markets. That includes more than a decade as a news editor at Dow Jones Newswires/WSJ.com, where he developed skills in fundamental equity and classical technical analysis. He has a passion for deciphering and explaining the increasing complexities of financial markets. He is frequently quoted in the press and regularly interviewed on radio and TV.