Apple sinks after “aggressive” iPhone pricing report
NEW YORK (Reuters) - Shares of Apple Inc tumbled more than 3 percent to a session low of $139.57 on Monday after CNBC reported that the company would introduce “aggressively” lowered price-points for its newest iPhone.
Philip Schiller, senior vice president of worldwide product marketing at Apple Inc, takes the stage at during Apple Inc’s Worldwide Developers Conference in San Francisco, June 8, 2009. REUTERS/Robert Galbraith
(Reporting by Ellis Mnyandu)
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