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Apple Stock Falls Sharply as Growth Slows

The Takeaway on January 24, 2013 16:07

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    Apple is the largest publicly-traded corporation in the world, and for the past few years, investors have expected atmospheric growth. That's driven the price of Apple's stock to over $700, but it may be coming back to earth. Following a quarterly earnings that showed flat year-over-year profits, the tech giant's stock tumbled 11 percent in early trading today.
    Nick Wingfield is a technology correspondent for our partner The New York Times.

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