Tuesday, September 30, 2008

Apple Swoons as Worries Over Demand Hit Highflier - WSJ.com

Behold a dent in the reality distortion field...

Apple Inc. shares fell 18% to their lowest point in more than 16 months, hit by growing concerns that the weakening economy might be finally catching up to the Silicon Valley icon.

The company has been on a multiyear hot streak with hits such as the iPhone and its Macintosh computers. But two analysts downgraded their recommendations on Apple's shares Monday, questioning whether the company can continue to escape major fallout from slowing consumer spending.

[Apple Swoons as Worries Over Demand Hit Highflier]

Apple Swoons as Worries Over Demand Hit Highflier - WSJ.com

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