AAPL dropped another 5.75% Friday, closing the week at $165.37 per share, a loss of $10.0963. The stock opened the week at $185.71, making the loss for the week $20.34, or 10.95%.
Appleis losses have taken place in the midst of a broader tech selloff, a sector where the company has led gains during the past 18 months of trading. The tech selloff itself has been one of the major victims of a stock downturn triggered by the subprime mortgage crisis.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.
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