Apple Shares Sink Again
The downward slide in Apple shares that began last week following the announcement of the iPhone 5s and 5c continued unchecked Monday. Apple’s stock closed at $449.62, down more than three percent for the day. The most likely reasons? The company’s decision not to announce preorder figures for the new iPhone 5c as it has for other new iPhones in the past, and a Wall Street Journal report claiming that China Telecom is reducing iPhone subsidies.
