Tech Stock Drop After Apple Earnings Report

Apple stock prices dropped in after hours trading Tuesday when financial analysts projections overshot the actual number of iPods sold. Analysts expected Apple to ship somewhere between 6.75 and 8.5 million iPods, but it actually shipped 6.45 million. The drop isnit limited to prices in the United States, or just Apple, according to a Bloomberg report.

In Germany, Apple stock slipped US$4.2 to $47.39, and stocks for other tech companies, like chip makers Intel and AMD dropped, too. Intel dropped to $23.11, down $0.31, and AMD was down to $24.00 from $24.23.

Apple stock closed at $51.59 Tuesday, and is currently down 3.55 (6.88%) to $48.04 in pre-market trading.

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