Apple stock back to pre-iPhone levels

Friday, November 21st, 2008

Matt is currently working as a writer for TechCrunch. Matt Burns is a family man first and attempts to be a writer second. Born and raised in the heart of the automotive world, only cars eclipse his love of gadgets. He previously wrote for Engadget and EngadgetHD before moving into the party house that is TechCrunch. He learned the retail... → Learn More

Apple experienced significant stock growth thanks to the iPhone, but even Steve Jobs & Co. are susceptible to the financial doldrums. The entire tech sector is chill’n on the poop shelf and Apple’s stock is following the crowd down the hole. For the first time since January 9, 2007 – the iPhone launched on the 10thAAPL is below $85 a share. Even MacWorld might not help the stock as the fund dropped during the MacBook Pro announcements just weeks ago and took a nose dive during last years MacWorld Keynote. Still, the iPhone is going strong and recently became the best selling handheld in American history so while the stock might be in the bargain bin, someday it should regain its value. Hopefully.

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