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http://apple20.blogs.fortune.cnn.com/2008/09/29/apple-shares-took-a-nosedive/
Apple shares suffered their sharpest fall in eight years Monday morning on the word of two analysts — including one whose record predicting the company’s performance is mixed at best.
By 10:30 a.m ET the stock had dropped 16%, wiping out more than $18 billion in the company’s market capitalization in the space of 60 minutes. Apple closed at 105.26, down nearly 18%, its lowest level since May 2007.
Apple shares suffered their sharpest fall in eight years Monday morning on the word of two analysts — including one whose record predicting the company’s performance is mixed at best.
By 10:30 a.m ET the stock had dropped 16%, wiping out more than $18 billion in the company’s market capitalization in the space of 60 minutes. Apple closed at 105.26, down nearly 18%, its lowest level since May 2007.
