Blog #2

I read and article called Apple Shares Plunge on Consumer Spending Fears on the Los Angeles Time newspaper By Michelle Quinn a Los Angeles Times Staff Writer written on September 30, 2008. It talked a lot about how much money they are losing because of our economy. Right now Apple is not going very well few consumers are buying there products. If our economy stays like this many more people will lose their jobs. The prices aren’t looking very good either they keep sky rocketing. That just makes consumers not want to purchase things right now because of the prices. Many families are having difficulties with just trying to support there family and it’s hard for them with food, housing, clothing, school materials for their kids. “Apple's decline, which came after two brokerage firms downgraded their ratings on the stock, knocked $20 billion off the Cupertino, Calif., company's market value. Its shares reached a 52-week low of $100.59 and closed at $105.26, down $22.98.”(Michelle Quinn). The meaning of this article is to explain the things that every business is going through and it won’t get any better. Our economy is hurting very citizen in this country and we have to prepare for the worst.