Apple Market Cap Crashes Back To Under Half A Trillion Dollars

The word crashes in the title is a little extreme given the growth and success Apple have enjoyed over the last couple of years but their stock has lost over 15% in value over the last month despite posting some spectacular results only a couple of weeks ago. Many will argue that the stock was long overdue a correction and some profit taking but the slip will be stinging people who bought in at the peak expecting it to rise forever. I can’t say that I didn’t warn you a couple of months ago that it was a bit of a buddle with people claiming it would smash through the $1000 barrier within months. Although many thought the company could become the first trillion dollar company in the world there has been a dose of reality over the last month with their market cap popping back under the half a trillion mark today for the first time in a couple of months…

I don’t think this is the start of a bigger decline for Apple but it is interesting to see how many of the Apple fan boys are now quiet despite writing stories about the stock while it was on the up and breaking milestone and record after record. For what it is worth we are fast approaching a great buying opportunity and if the markets continue to trend downwards getting in around the $500 mark in the next couple of months would be good business in the long run given the products coming down the track (iPhone 5 and Apple TV) and the strong numbers Apple continue to post. What do you think? Are we getting back towards a fair valuation or is there plenty of upside left in Apple yet?