Ask Arora: Could Apple’s stock fall by half, as it did five years ago?

Apple’s most recent earnings report was mixed — not stellar, as the bulls were expecting.

Apple on May 2 reported fiscal second-quarter earnings, and revenue and iPhone unit sales were lower than analysts had expected.

That has raised concern among experienced investors. Some may recall that I issued a “sell” signal on Apple AAPL, -0.31% stock hours before it peaked five years ago. In the ensuing seven months, the shares halved. (Verify my call by clicking here. Please note that the stock has been spilt 7-for-1 since then.)

Can Apple’s stock price be cut in half again, as it was five years ago? That is the question I am being asked now.

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