With thanks to the iPhone, Apple have seen its shares soar for almost 2 years, although it looks like the iPhone is stepping down from its top spot, as Apple shares tumbled below $85 this is the first time they have been this low since January 9 last year, ironically this was the first day Apple’s first version of the iPhone was doing the rounds with Steve Jobs as he showed off Apple’s masterpiece.

It’s not just Apple that have seen a downturn in the share value, almost all technology sectors have taken an hammering, companies like Research in Motion (RIM) and Nokia have all been effected by the global credit crisis.

However the iPhone itself has held its own, with 6.9 million devices is sold in the first full business quarter that the iPhone 3G was on sale. It’s doubtful that the iPhone will make any major influence on Apple Stocks until of course they release a new iPhone. Companies such as LG, Samsung, HTC, Nokia and of course Research in Motion (RIM) all have their take of the iPhone out on the market, all fighting for a bigger chunk of the lucrative smartphone market.

Source: Macdailynews