Apple's stock is now down about 30% from its high.
This plunge has led to a feisty argument between the Apple perma-fans, who dismiss the fall as "stock manipulation," and other investors, who think that several fundamental trends that have made Apple the most valuable company in the world have started to change.
After defending the stock for the first few months of its swoon, meanwhile, Wall Street analysts are now rushing to cut price targets and downgrade it.
So, who's right?
And how bad could it get?
Specifically, if those who believe Apple's fortunes are changing are right, how low could the stock go? And might Apple's stock just suddenly prove the doubters wrong and blast off to the stratosphere again?
Let's address the broader question first.
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