Apple's slowdown highlights how growth-obsessed investors distort our view of value
Thursday, April 28, 2016 - 07:20
in Mathematics & Economics
Apple has reported its first decline in revenues and income for the past 13 years. The market and media has reacted predictably with an 8% fall in Apple's stock price. From an investor's perspective, the decline in sales of the iPhone is a signal of worse things to come and in particular the end to Apple's ability to continually grow.