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Showing posts with label ZeroHedge. Show all posts
Showing posts with label ZeroHedge. Show all posts

Thursday, 16 February 2012

Last one out is a rotten AAPL



All good things come to an end, and the recent rally in the Cupertino based technology mammoth is no exception. Apple reversed yesterday almost $24 from its most recent highs, down to $502.08. The main culprit seems to be a piece of news according to which Apple iPads are the subject of a trademark infringement in the Chinese mainland. It seems that the sino company Proview International Holdings is the holder of iPad trademark on the Chinese mainland and is currently seeking a ban on imports and exports of Apple products.