Philip Elmer-DeWitt, CNN Money:
For the record, Apple is still trading higher today that it was when Cook replaced Steve Jobs. The forces that drove the stock up to over $700 and then down to below $390 seem to me to have more to do with a dysfunctional securities market than anything Cook has done as CEO.
This narrative must be distracting for everyone at Apple, especially given how high Apple rose under Tim Cook’s tenure. This is all a reaction to overoptimistic analysts.