AAPL drops on growth fears
updated 04:10 pm EST, Mon February 6, 2006
AAPL drops by 6 percent
Apple stock (AAPL) dropped 6.4 percent today, responding to investor concerns over potential growth slowdown. AAPL dropped to $67.26 on the NASDAQ late in the afternoon, down $4.59. AAPL has seen a downward trend in its price since the January 12 peak of $86.40 following CEO Steve Jobs' keynote address at the Macworld Expo. According to Yahoo Finance, Benjamin Reitzes of UBS Investment Research believes that worries are unfounded. Reitzes reportedly cited a continually strong interest in the iPod video and nano, as well as a "strong response" to the new Intel-based MacBook Pro.
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