Tim Cook assures investors not to worry about falling stock price
24.08.2015
Amidst concerns regarding China's economic situation, the stock market is in turmoil today. The Dow Jones Industrial Average is currently down 200+ points and was down a whopping 1,000 points earlier in the day.
Apple in particular has been hit hard. Before the opening bell, shares of Apple were trading below $100 for the first time since last October. And while shares have rebounded to $107 or so, the stock is still down about 17 points in the last month.
In an effort to assure investors that they have nothing to worry about, Apple CEO Tim Cook emailed Jim Cramer assuring him that Apple continues to perform well in China despite broad economic concerns within the country.
The letter reads:
Yoni Heisler