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Cirrus Logic

More Bad News Bruises Apple – Stock Hits Worst Level in a Year

April 17, 2013 by Ted Leave a Comment

Photo of bruised appleThe AP is reporting that Apple, Inc. saw its stock price hit hard in trading today on Wall Street, dropping 23.44 points or 5.5%, to close at $402.80 per share – well below yesterday’s close of $426.24. During today’s session the stock traded as low as $398.11, setting a new 52-week low and triggering analysts to buzz about trouble in Cupertino. What happened? Another Apple supplier, Cirrus Logic, Inc., released a disappointing financial report that hinted that the real problem lays with Apple.

What’s the connection between Cirrus Logic and Apple? See below… [Read more…] about More Bad News Bruises Apple – Stock Hits Worst Level in a Year

Filed Under: Financial, Manufacturers, News Tagged With: Apple, Cirrus Logic

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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