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Wall Street technology share selloff leaves Apple bruised

Reuters  |  SAN FRANCISCO 

By Noel RandewichSAN FRANCISCO (Reuters) - Shares of Apple have been more bruised than those of other Silicon Valley heavyweights by a technology stock selloff this week, with many on Wall Street cautious following the iPhone maker's rally in recent months. While its stock may not appear expensive in terms of expected earnings, some investors believe further gains in Apple will be less likely as an expected iPhone launch approaches. "Anticipation of a new iPhone has been out there for a while now, and maybe we're entering a period where the stock is topped out," said Tim Ghriskey, chief ...

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First Published: Thu, June 15 2017. 23:00 IST
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