AAPL Down $10 in Pre-market Trading

January 21st, 2008 at 2:00 PM - Apple Stock Watch by Jeff Gamet

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%).

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