Wednesday, April 17, 2013

Apple Sinks to One-Year Low Amid Signs of 'Lacking Demand'


Apple sank to its lowest level in over a year as investors continued to dump shares of the tech company amid worries over second-quarter iPad mini shipments, according to CNBC..

The once-darling tech giant of Wall Street shed more than 3 percent Wednesday, falling to its lowest level since last January, following a report from DigiTimes that iPad mini shipments could fall 20 to 30 percent quarter-over-quarter to 10 to 12 million in the June quarter due to "lacking demand in the market….."

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