Apple Stock News: The Apple Stock Pullback Explained
Apple Stock had a strong 2014 due to the release of the iPhone 6 and strong earnings reports. The stock climbed almost 50% from the beginning of the year, moving above $100 per share and achieving a market capitalization of over $700 billion, double what it was when Tim Cook took over as CEO in August of 2011. The demand for the iPhone 6 overwhelmed analysts’ and even Apple’s expectations, as the device had the best holiday season of any of the iPhones released until now. This caused the stock to climb to a peak of over $119 on November 28th, 2014.
