Apple stock drops despite jump in Q3 profit

Shares of Apple Inc. fell sharply as investors focused more on the company's cautious guidance for the current quarter than on the blockbuster Macintosh and iPod sales during the previous three-month period.

Apple 3Q profit jumps 31 percent but stock drops (AP)

AP - Macintosh and iPod sales helped boost Apple Inc.'s fiscal third-quarter earnings 31 percent, beating Wall Street's expectations Monday, but investors pummeled the stock after Apple issued soft guidance for the current quarter.

Many Telecom Stocks Fall On Economic Worries (Investor's Business Daily)

Investor's Business Daily - Shares in cell phone service providers Vodafone, America Movil and Millicom plunged Tuesday as their outlook for growth darkened amid slowing global economies.

Asia stocks drop after US mortgage plan (AP)

AP - Most Asian markets fell Monday as investors worried over the depth of U.S. credit and housing problems after the country's central bank moved to prop up ailing mortgage financiers Fannie Mae and Freddie Mac.

The Case for Two Resilient Tech Stocks

Two technology darlings are on sale at steep summer discounts: Apple and Google. If you don't own either of these stocks, now is an ideal entry point. If you already do, this is an excellent time to increase your holdings.

iPhone market share at 19 percent in 1Q, IDC says (AP)

AP - Apple Inc.'s iPhone, a new model of which is widely expected this summer, took 19.2 percent of the U.S. market for "smart" phones in the first quarter of 2008, according to research firm IDC's vendor survey.