The fall in the share price of tech giant Apple continued unabated this afternoon. The share price was down 2.8 per cent in New York a short time ago $488.
Apple shares have lost more than a quarter of their value since hitting a record high in September, as the company's products face strong competition.
Nomura Equity Research today cut earnings and revenue targets for the company to "reflect signs of weaker-than-expected iPhone 5 sales."
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