AAPL shaved off another $4 in After Hours trading, there are rumor on the stock that some has take seriously to exit in big position in the stock.
- 5:55 PM Meet Edward Zabitsky, the lone remaining Apple (AAPL) heretic analyst who still rates the stock a Sell - and he's not backing off. iPhone prices may decline as Apple takes steps to compete with Android and Windows phones, he predicts, sending gross margins on the device down 25% from 50%-plus. “If a price war breaks out in Android phones, Samsung (SSNLF.PK) wins hands down."
- 5:35 PM A Citigroup analyst is skeptical that the Nasdaq index could be rebalanced to blunt Apple's (AAPL) outsized influence. AAPL's market cap is still below the threshold limits to warrant any re-weighting: Its weight is now ~16.85%, less than the 24% limit, and the combined weight of stocks with individual weights above 4.5% is at 41.1%, below the 48% limit.
- 1:26 PM Perhaps having something to do with the move in Apple (AAPL) is chatter the Nasdaq could be rebalanced to cut the stock's influence. When this occurred in April 2011, Apple sold off (before taking flight again). There's also word Amazon China has pulled the iPad2 from sale due to the Proview trademark suit.
- 12:54 PM There's panic in the pits as the bottom drops out of Apple (AAPL -0.2%), the stock giving up a 3% session gain and now showing a rare red print. Not surprisingly, it has pulled the major indices down to session lows. DJIA -0.5%, Nasdaq +0.2%
