Apple Inc. (NASDAQ:AAPL) entered the correction territory and already lost around 15% of its stock value from its recent high at $132.97 per share on July 20. Apple shares are trading $114.36 per share, down by less than 1% around 12:42 in the afternoon in New York today. Image: Jay Rogers, Flickr Morgan Stanley (NYSE:MS) analyst Katy Huberty believed that Apple Inc. (NASDAQ:AAPL) would not experience a similar stock meltdown, which happened after a huge advance in 2012. Back then, the iPhone maker’s stock price declined by approximately 40% in less than six months. Huberty emphasized that Apple’s current situation is different, and she gave four reasons that the stock price would rebound. Gross margins are improving, not deteriorating, as the company heads into the next iPhone cycle.There's low institutional ownership of the stock.Apple has a more... More