Tuesday, April 17, 2012

Wall Street Journal says,Apple shares down over last few days

Apple's shares have been down over the last few days, prompting some to express concern over the company's financial performance.
Apple's shares plunged 4.1% on Monday, extending their slide to a fifth consecutive day and sparking worries about whether the maker of iPads and iPhones may be headed for a bigger descent. Apple is now down 9.9% from its intraday peak of $644 hit on April 10, just shy of the 10% level that market watchers call a "correction." On Monday, Apple fell $25.10, to $580.13, in 4 p.m. Nasdaq Stock Market composite trading.
The past five days' decline has seen more than $50 billion shaved off Apple's market capitalization. That is more than Hewlett-Packard Co.'s entire market cap of about $48 billion.............
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