Apple shares take a pounding as Air fails to impress
 

Apple Inc. shares continued to take a pounding for a second straight day Wednesday, with investors and some industry analysts expressing disappointment with Apple's latest announcements at the annual Macworld Expo.

Apple's stock cut its losses, but was still down by $7.47, or 4.4%, to trade at $161.66 in afternoon action, adding to the previous session's losses in which the stock gave up more than 5%.

Part of the reason for the decline was attributed to concerns about Intel Corp.'s disappointing outlook, as Apple exclusively uses Intel processors in its line of Macintosh PCs.


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