Apple Stock Plunges ... Again

    SAN FRANCISCO, CA - JANUARY 18:  Pedestrians walks by an Apple retail store on January 18, 2011 in San Francisco, California. Apple will release first quarter earnings one day after CEO Steve Jobs announced that he will be taking an medical leave of absence. Apple stock fell less than 3 percent after the announcement was made of his leave.  (Photo by Justin Sullivan/Getty Images)

    Justin Sullivan

    Apple’s stock fell 4 percent Friday, dipping for the third straight day and hitting lows it hasn’t seen since last February. The reason? The launch of the iPhone 5 in China failed to lure frenzied crowds, and a well-known analyst throttled back some projections for growth, cutting his price target on shares from $780 to $700 and predicting that 5 million fewer iPhones and 2 million fewer iPads will be built in the next three quarters. The good news: the company is still worth about $475 billion.

    Read it at The Associated Press