Apple’s Slowdown Highlights How Growth-Obsessed Investors Distort Our View of Value

A woman uses her iPhone at an Apple store in Shanghai on Sept. 25, 2015. (Johannes Eisele/AFP/Getty Images)
A woman uses her iPhone at an Apple store in Shanghai on Sept. 25, 2015. (Johannes Eisele/AFP/Getty Images)

Apple has reported its first decline in revenues and income for the past 13 years. The market and media has reacted predictably with an 8...

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