Thursday, April 18, 2013

Apple loses world's biggest company title - Telegraph

Apple shares have hit their lowest levels in a year and half, after a supplier hinted at a slowdown in iPhone and iPad production.

The latest decline in the stock comes after a bruising winter for Apple. The company's stock is down 42.6pc from its all-time high of $705.07, hit on September 21 when the iPhone 5 went on sale. Investors have concluded that with the death of co-founder Steve Jobs, Apple may never again create another ground-breaking product of the magnitude of the iPhone or iPad