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Wednesday, March 16, 2011

Apple Down On Jitters (NASDAQ: AAPL)

Apple Inc (NASDAQ: AAPL) was down over $8 today as investors ran for the hills, taking most of the market down with them. While iPad 2's have been reported to be selling well, the Japanese economy may be left out of the tech giant's new product debut. The iPad 2 was supposed to go on sale in Japan, on March 25.

Apple iPad 2 shipments were also delayed in Japan following the earthquake and tsunami.

Apple's share of the tablet market has declined from 93% to 73% but Piper Jaffray analyst Gene Munster predicted the company would sell iPad 2 quicker than iPad 1.

The iPad 2 was officially released on March 14. It will be released in Canada on March 26.

To read the full Apple Report click here.

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