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  • A Crude Reality for AAPL Investors


    Look out below. If you haven't been paying attention to the oil market's sustained selling pressure of late, you've all but certainly noticed that it's a lot cheaper to fill up your tank at the pump these days.

    As CNBC chronicled in depth this morning both online and on television, crude oil prices have tumbled below levels last reached in 2009, a nice little bonus not only to holiday season travelers but to companies for which shipping costs are astronomical.

    For Apple, cheaper gas will all but certainly translate to bigger financial reserves in this quarter, which is rapidly coming to a close and stands poised to be the company's most profitable in history. As analysts discussed at length this morning across media outlets, companies ranging from Apple and Samsung to Microsoft and Amazon all have much to gain from selling pressure in the crude oil market.

    And prices may get cheaper before they return to a familiar high. "You have all these OPEC officials reiterating they are not going to cut production, so you are seeing selling into the rallies," Phil Flynn, an analyst at Price Futures Group in Chicago, tells CNBC.

    Source: CNBC
    This article was originally published in forum thread: A Crude Reality for AAPL Investors started by Michael Essany View original post