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AAPL touches 52-week low, closes under $100
Apple shares today reached their lowest price point since April 2007, closing at 97.07, down 3.03 points. AAPL hit its 52-week low today, $94.65 per share, around 3:45 PM Eastern. Early in the day, the stock was jarred with false rumors from CNN's iReport service about Steve Jobs suffering a heart attack. TUAW's own Michael Rose was among the first to contact Apple's PR VP, Katie Cotton, who said the rumors were untrue. After the scare, prices rebounded, but never reached their highs for the day just before the rumor bubbled to the surface. Volume was at its heaviest before 10 a.m. Eastern, with about 16 million shares changing hands. In sum total, 82 million shares were traded over the course of the day. Apple shares were slightly ahead in early after-hours trading.
iPhone battery a ticking time bomb?
No, not exploding batteries. I'm talking about 12-18 months from now, when thousands upon thousands of iPhone batteries, completely sealed from consumers, will begin to lose their juice. Sheldon Liber, on our sister site Blogging Stocks, suggests that in about a year, Apple is going to be dealing with a lot of unhappy campers who will have to surrender their iPhones for a bit while a new battery is transplanted into their tiny tech wonders.Of course, we now have warranty info, which means you really shouldn't worry until next July, right? Something Sheldon misses is the fact that, for another $30 or so, they'll give you a loaner. That should put a stop to the whining-- mostly. It will certainly ease the sting of a 3-day turnaround. But when you can get a replacement BlackBerry battery for less than $10 in many cases, once again users may complain about the "Apple tax."
