Apple Stock hits 52 week low

Fri, Nov 21, 2008

Analysis, Finance, News

Apple’s stock today closed just about $80 a share, representing a 52 week low.   This is actually the lowest the stock has been since Apple first announced the iPhone in early 2007.  Ironically, Apple’s financials are better than they’ve ever been before, but that doesn’t mean its been able to shield itself from broader economic turbulence.  We reported earlier today how new data suggests that Apple is poised to sell a record number of Mac’s this holiday quarter, so if you’re in the market to purchase some stock, Apple might be a good deal at its current price.  Overall, the stock is down 58% for the year after reaching an all-time high of $202 11 months ago.

MarketWatch has more on the story over here.


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