Apple Inc. shares hit two-year low: Will they rebound?

Apple Inc. shares (APPL) have now hit a two-year low; they are now at their lowest since December 2006. Apple shares fell to $4.13 or 5 percent, Apple finished trading on Tuesday at $78.20. The question is will Apple Inc. shares manage to rebound, or is this a sign of things to come? Gene Munster who is a Piper Jaffray analyst said that Apple's shipments of iPods and Mac computers rebounded in December, which did help increase sales for the quarter. When analyzing data from the NPD Group, Munster thinks that Apple sold at least 2.5 million to 2.6 million in this quarter and 19 to 20 million iPods. The Apple iPod has seen its sales slipping month on month, so Apple need to do some great marketing if they want the iPod to become a top seller again. There are those out there who believe that the news of Steve Jobs leaving in the summer will now start to have an effect on Apple Inc. shares, only time will tell. Source