Apple hits new low

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Sep 29, 2008.

  1. macrumors bot

    Joined:
    Jul 5, 2003
    #1

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    Category: 3rd Party Hardware
    Link: Apple hits new low
    Description:: Shares of Apple fell as much as 16 percent on Monday, marking their steepest fall this year, amid concerns a slowing economy and weak consumer spending may affect the electronics maker.


    Posted on MacBytes.com
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  2. Contributor

    Scepticalscribe

    Joined:
    Jul 29, 2008
    Location:
    Kite flying
    #2
    Well, yes, but in the current economic downturn, what company - no matter how good - is going to experience a rise in profits? This reflects what is happening in the wider market place, rather than Apple's particular strategy (which, remember, was lauded in the markets and the media and from the proverbial rooftops as recently as this past summer).
    Cheers
     

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