Reuters: ‘Apple dips to 8-month low’

Shares of Apple on Wednesday fell to an eight-month low after a Wall Street analyst said updated versions of the popular iPod digital music player may be delayed, reports Reuters.

“The stock fell 2.5 percent to US$56.02, after hitting a session low of $55.41. It was among the biggest drags on the S&P 500 index and the Nasdaq market amid heavy trading. American Technology Research analyst Shaw Wu said that new versions of Apple’s slim iPod nano player would ship in the fourth quarter, rather than the third quarter, due to Apple’s switch of suppliers.”

News Source: MacMinute

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