Tech group Apple saw shares fall during trading

Apple’s shares fell to $402 on Wednesday, 17th April

By Nicole Hamer |

13:57 18 April 2013

The giant technology firm Apple saw their shares briefly dip just below $400 on Wednesday, 17^thApril, during trading. The final figure rested at $402.80.

 

This is the first time in well over a year that the group has seen a decrease to under $400, albeit that it was brief, with the closing figure resting above that amount. This means the group saw a fall of at least $20.

 

Some have pondered whether the firm may have suffered a loss of sales, according to media reports, and if so this could be a reason for the dip.

 

This could relate to Apple products such as the iPhone, which is known to have been a popular hit with many people, although there are always critics, as well the company’s tablet device; the iPad.

 

There are speculations in the media that the sales may have not maintained speed as per the predictions of experts.

 

It is expected that Apple will release another mobile phone onto the market, the iPhone, in 2013.

 

Due to the figure this week, it is believed that on Wednesday, Apple dropped to second place when it comes capital value.

 

Apple, which was known as Apple Computer Inc., is an American company whose headquarters are in California. It offers a range of technology products and its logo - of an apple - is recognised by many.

 

Apple has its own music store online where consumers can purchase songs, among other things, for use on the likes of their computers and MP3 players.