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Apple Has Worst First Half Since '08 as Investors Await IPhone
Posted by Philipp Esselbach on: 06/30/2011 09:17 AM [ Print | 0 comment(s) ]
Shares have dropped 4% this month, capping their worst first-half performance in three years, as investors await new products and fret that rivalry from Google will slow growth
From Businessweek:
Apple Has Worst First Half Since '08 as Investors Await IPhone
Investors, already grappling with Chief Executive Officer Steve Jobs’s medical leave, say they are wary of the stock amid evidence that Google is gaining ground in smartphones. It’s also been more than a year since Apple introduced the original iPad tablet, and the next iteration of the iPhone isn’t due until September. That’s left shareholders hankering for new products to propel the stock, even though profit has risen more than 75 percent in the past two reported quarters.
Apple Has Worst First Half Since '08 as Investors Await IPhone
