Friday's Tech Winners & Losers

Updated from 2:22 p.m. EST with new stock prices

Tech stocks faced a rough day as some of the sector's biggest names took a beating on fears of an economic slowdown.

Apple(AAPL Quote) has retreated significantly from the $200-mark on Dec. 26 and was off $14.88, or 7.6%, to $180.05 Friday.

The stock was down despite a research note from Goldman Sachs that said Apple enjoyed good holiday sales and is likely to report strong earnings in the first quarter. Goldman also raised its six-month price target for Apple stock to $220 from $205.

Mobile handset companies were also getting crushed. BlackBerry maker Research In Motion(RIMM Quote) was down $9.47, or 8.4%, to $103.35. Motorola(MOT Quote) was off 98 cents, or 6.1%, to $15.07.

Chip stocks continued to fall as Intel(INTC Quote) received a fresh downgrade from a Wall Street firm. A JPMorgan analyst downgraded Intel to neutral from overweight and said that the company experienced a late-quarter slowdown in order rates from the PC market.

Intel had already been beaten down in the last two days after Banc of America analysts said they are adopting a more cautious stance on the sector because of a weak macroeconomic outlook and higher-than-optimal inventory levels. Intel fell $2.00, or 8.1%, to $22.67.

Rival AMD(AMD Quote) also continued to sink and was off 52 cents, or 7.7%, to $6.25, touching a new 52-week low.