By Ashraf Eassa : Ouch! Apple ( AAPL ) dropped over 6% in a day, recording the worst one-day drop in the last four years. Of course, the party-line explanation for the sharp drop is the recent increase in margin requirements for shares of Apple's stock. While this certainly is a factor for the ...
Some upside remains in Apple shares, but the acceleration of the iPhone and iPad businesses has sent the stock closer to fair value, says Morningstar's Mike Holt.