Shares of Apple Inc. AAPL, +0.55% dropped 1.3%, to pace the Dow Jones Industrial Average's DJIA, +0.01% premarket decliners on Monday, after International Data Corp. (IDC) reported the technology behemoth suffered a much larger decline in first-quarter personal computer sales than its peers. The market intelligence provider said over the weekend that global PC shipments sank 29.0% from a year ago to 59.9 million, as "weak demand, excess inventory and a worsening macroeconomic climate" all contributed to the "precipitous drop" in shipments.
Apple's stock falls to lead the Dow's losers after data showing PC sales plunged more than peers