Apple stock suffers serious drop. [Updated x 2]

Tom — Mon, 29 Sep 2008 19:42:14 +0000

Apple’s stock (AAPL) suffered one of the biggest daily falls it’s ever had today when it dropped 23.69 to just 104.55. The stock has been steady at around the 160 mark for the past four months but analyst’s cited the ‘credit crunch’ as a reason for the big drop as it sees Apple struggling to keep it’s high margins in the face of decreased consumer demand. As you can see from the picture, Apple is not the only major company to suffer a severe drop as Google also decreased by 35.99. Thanks to my iPhone and MacBook’s iSight for the picture.

Apple's stock suffers serious hit

Update: Apple stock is continiuing to drop, but not as much as Google’s. I think now is the time to get yourself some Apple shares!

Will it drop below 100?

Update 2: Apple’s stock seems to have stabilised now, while Google continues to plummet.

Apple stock seems to have stabilised

:: digital introvert » finance

Apple stock suffers serious drop. [Updated x 2]