| Apple Stock Takes $17 Billion Nose Dive In recent weeks Apple has nose dived in market share to an estimated $17 billion in reduced size. The past few weeks have been a testing time for Apple investors. The stock share has plummeted $17 billion dollars in market share over the past 5 weeks. The current price seems to be fluctuating around $64 per share. It is down 20% percent.
With prices and share jumping over 900% the past year some people saw this coming. One of the huge factors that lead to such a huge jump in market share was due to the ever so popular iPod. The iPod fad seems to be slowing down and customers are not google for iPods as much as they were in the past.
At one point Apple was larger that Dell in terms of market share due to the iPod. In fact that price was only a month ago. Some investors are expecting the new iMac Core Duos to produce a bump in market share but some are also saying that it is not selling as well as expected. The impact of the Macbook Pro is yet to be seen.
While customers are still saying they are happy with Apple and believe the price will rise yet again some investors are getting worried.
News Source: Think Secret.com
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