The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
AAPL Down Dramatically for No Obvious Reasons

AAPL Down Dramatically for No Obvious Reasons

by , 4:35 PM EDT, May 21st, 2008

Apple's stock (AAPL) dropped nearly US$8.00 on Wednesday for no obvious reasons, according to Barron's. It could be nothing more than profit taking in an ugly market.

The news about Apple on Wednesday was minor: a lawsuit over the name "Mighty Mouse" and the fact that the company will use LED backlighting in future notebook computers, noted Eric Savitz.

Mr. Savitz wrote that "Today’s downturn appears to be nothing more than profit-taking in an ugly broad market."

The Market observer also noted that Piper Jaffray's Gene Munster, in what was characterized as an unusually cautious research note to investors, told them to keep their expectations for the iPhone "in check." Mr. Jaffray expects the new iPhone 3G to be nearly identical in form and function to the current model.

AAPL closed at US$178.19, down $7.71 for the day.


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated September 1st

Mon,5:52 PM
Apple Fixes iCloud Security Gap, ‘Actively Investigates’ Celeb Photo Theft
8:00 AM
Happy Labor Day
Sun,5:23 PM
How to Use a FLIR Camera to Steal a PIN Code, and How to Stop It
3:54 PM
Apple’s Spaceship Campus through a Drone’s Eye
Fri,8:00 PM
Get Free Bitcoins with 45 Website Faucets that Really Pay [Update]
7:56 PM
Level Up Contacts with Contact Center
6:40 PM
8 Predictions for Apple’s September 9 Media Event
5:15 PM
How To Tell iMessages From Text Messages
5:02 PM
2 Deals and 4 Freebies
3:44 PM
Apple’s September 9 Event Won’t be What we Expect
1:56 PM
Emoji-Only Social Network Emojili App Released on iTunes
1:08 PM
TMO Daily Observations: 2014-08-29
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!