Tuesday, October 07, 2008

AAPL closes below $90

Wow. Just wow. AAPL closed down 9% at $89.16 today. It hasn't been this low for a year and a half.

I wonder if they still have that $20+ billion cash or if it's shrunk somewhat after the market meltdown. If intact, then approximately a quarter of Apple's market capitalization now is cash.

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