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appleinsider.com - 9/29/2008
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Shares of Apple bled more than 17 percent of their value in Monday morning trading on the Nasdaq stock market after analysts for investment banks Morgan Stanley and RBC Capital both downgraded their outlook on the company, citing a worsening consumer environment.
apple20.blogs.fortune.cnn.com - 9/29/2008
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apple20.blogs.fortune.cnn.com —
Apple shares suffered their sharpest fall in eight
years Monday morning on the word of two analysts...
— including one whose record predicting the company’s performance is mixed at best. By 10:30 a.m ET the stock had dropped 16%, wiping out more than ...
(more)
Why Apple shares took a nosedive
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Apple Shares Downgraded, Not Immune To Slumping Economy
MacBlogz - One Stop Apple News —
... 2009 per-share earnings growth assumption, we don’t believe Apple is immune to this trend,” Huberty wrote.
Apple is widely believed to be introducing an overhauled notebook line in the coming weeks, which would boost interest in their products prior to the holiday season. Expect Apple to have a wide range of extremely competitive products, at highly-aggressive pricepoints on the market come this holiday season.
[Attribution: SAI, AI]
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