Apple shares drop most in six months

Shares in Apple have had their steepest decline in almost six months today after rising 49 per cent in the year to date.

16th April, 2012
Apple shares drop most in six months
Apple has added $400 billion in market value since 2008, making it the world’s most valuable company.

Shares in Apple have had their steepest decline in almost six months today after rising 49 per cent in the year to date.

The stock fell 1.6 per cent to $595.52 at 10:49 a.m. New York time, after earlier touching $582.30 for the biggest drop since October 19th.

“This could be a simple ‘collapsing’ on its own weight” after the gains earlier this year, Brian Marshall, an analyst at ISI Group in San Francisco, said in a research note...

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