Apple’s share price crashes to six month low
Apple’s share sell-off has continued with the stock reaching a new six month low, extending a losing streak which began on 19 September, immediately prior to the launch of the iPhone 5 .
Apple’s share price has declined by 25% in that period to just $525, although it remains 30% up on the year as a whole.
Analysts remain split as to the long term prognosis for the tech titan, with Yahoo Finance advising investors to buy whilst CNBC points out that the decline is largely down to an (unexplained) sell-off amongst the mutual and hedge funds.
The glum news comes despite a glut of new product releases geared toward the lucrative Christmas market with refreshes for the iPhone 5, the iPad mini, new iPods, the new iPad, iMac, MacBook Pro, and Mac mini all on the cards.