This isa significant and negative technical event forApple, and it is likely a sign that institutional investors, who were always there to support Apple at the 40-week line in the course of their own long-term accumulation of the stock, have now shifted into a mode where they are distributing Apple and selling the stock as they reduce their exposure to the stock.
Carl Howe, vice president of research at Yankee Group, a Boston-based research and advisory firm focusing on mobile technology, says a significant advantage forAppleis that it convinced automakers to add a button for its interface into their vehicles.