Due to slowing demand and bad economic forecasts, Apple’s shares have today been forced down to their lowest price since May 2007 at only $110. Morgan Stanley and RBC both downgraded their stock on the NASDAQ earlier today. (Monday 29th Sept.)

Being more specific about the reason for downgrading; firstly the Mac purchase intentions for desktops and laptops have suddenly moderated since August. Current and future growth trends in the PC market are related to those products with a price tag of less than $1000 – Which excludes all Apple products.

Basically greedy Steve Jobs (Jobsweh; the god of all things Apple.) has priced himself and his company out of the market in the face of an unexpected economic downturn: In the authors opinion it serves him right too: After all; a Mac is just a PC with an Apple logo on it and a high price tag.

…And the forecast isn’t good either for Apple; with the dodgy economy meaning less multiples for growth stocks – And that’s Apple included; so their drop in fortunes isn’t over yet by a long shot.

It may not be all doom and gloom though; as Apple is bringing out 2 ranges of new laptop within the following fortnight. If Jobsweh can control his overwhelming greed as the dollar-signs light up in his dark eyes and keep the price below $1000 then there might just be some hope on the horizon.

Jobsweh

So what do you think? Is Steve Jobs going to become a victim of his own greed? Suppose the new laptops have a price label greater than $1000; do you think that’ll put the final kiboshes on Apple?