Appleis stock followed the general market trend on Tuesday morning to drop more than US$10 in value. The Mac and iPod makeris stock swooped down to multi-week low near $151 from its Monday night $161.36 closing price.
Apple closed at an all-time high of $198.95 on Wednesday, December 27, 2007, and then managed to climb up over $201 for a short time on December 28. After the first of the year, however, the companyis stock was already slipping and soon dropped into the $160 price range.
The companyis market cap was sitting at $141.28 billion on Tuesday morning ahead of its scheduled earnings report at 5PM EST.
Apple is currently trading at $151.04, down 10.32 (6.40%).<!--#include virtual="/includes/newsite/series/stockwatch.shtml"-->