Apple’s stock price hit new this week, setting 52-week records and hitting the lowest points seen since late 2011. The price has traded beneath the $400, with AAPL having not traded that low.

Today’s slide follows a lower-than-expected revenue forecast for Cirrus Logic, a major supplier for chips used in the iPhone and iPad. Traders believe the lower forecast indicates weak Apple sales over the next several quarters.

Now my take on this nonsense, is a cash rich company, making more profits than most companies in the world, with more cash in the bank than most countries. So what is going on?

Stock market analysts manipulating the markets to make money for themselves. If you have noticed, Apple has not released any new products for months. Apple has clearly altered its product cycle and probably has a few surprises up its sleeves.

I expect Apple’s share price to shoot up again, when it launches a sleuth of new gear, and hopefully some surprises too.

Updated – following Q2 earnings call the stock price has risen. Next quarter is predicted to be flat but last quarter and next year should help Apple rebound with new products.