Apple Bruised, Facebook Flogged And PC Stocks Pummeled Again |
| September 25, 2012 | September 2012 Bond Updates |
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Shares of Apple dropped 1.3% on Monday, dipping back below $700 on volume that was 60% higher than average for the past three months. Sharing ostensible blame for the stock's retreat are a riot and work stoppage at Apple's Chinese iPhone contract manufactrer, Foxconn, as well as sales of the iPhone 5, which came in below some breathless predictions by forecasters. Apple reported Monday morning that it had sold more than 5 million devices over the weekend. |
| View more at: http://www.forbes.com/sites/johndobosz/2012/09/24/apple-bruised-but-facebook-battered-and-pc-stocks-bleed-again/ |
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