It earlier fell as much as 1.8 percent, bringing its loss since a record high on Sept. 1 to 9 percent.Many investors define a correction as a 10 percent decline. A stock in correction may be viewed as either a buying opportunity or as likely to fall further. "I'd buy Apple in this pullback," said Wedbush trader Joel Kulina. "It's a high-priced product but super high end. "While the number of people queuing up outside Apple stores has dropped over the past several years with many buyers choosing to shop online, the weak turnout for the latest iPhone has partly been due to poor reviews.Apple's stock recently traded at 13.8 times expected earnings, its lowest valuation since February, according to Thomson Reuters Datastream.Over the past two years, Apple's average forward price-to-earnings ratio has been 12.6.

Source: The Star September 25, 2017 23:26 UTC