Apple stock has dropped 38 percent in 90 days

Last night, before the company briefly stopped trading to make its announcement, the stock stood at $157.92 a share. They have the stock buy-back program. Apple stock was down more than 9 percent overnight and continued the downward trend in trading this morning. What’s more, the company has set aside $100 billion for stock buy-back purposes. In fact, the company’s stock price is down a total of 38 percent since October. This morning as we went to publication, it was recovering a bit, but was still down 8.19 percent to $144.981.D.A. “We maintain our belief Apple can expand its leading market share of the premium-tier smartphone market and the iPhone installed base (excluding refurbished iPhones) will exceed 700M in 2018.