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Apple Sinks as Jobs Tosses Barbs

Nearly all the upcoming tablets from outfits like Cisco (CSCO - Get Report), RIM and Samsung are 7-inch touchscreen devices. It is a size that Jobs says is too small for adequate tablet use. This crucial point comes from the developer of incredibly popular small-screen devices like the 3.5-inch iPhone and iPod touch.

Apple currently owns the tablet market with its 9.5-inch iPad that sells for between $500 and $800. The onslaught of smaller rival tablets will likely bring much lower prices and, of course, fragmentation.

Apple shares were down 2% to $311.64 in late-morning trading Tuesday as investors were banking some of their recent gains and buyers were shopping for lower entry points.

--Written by Scott Moritz in New York.

>To contact this writer, click here: Scott Moritz, or email: scott.moritz@thestreet.com.

To follow Scott on Twitter, go to http://twitter.com/TheStreet_Tech.

>To send a tip, email: tips@thestreet.com.
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SYM TRADE IT LAST %CHG
AAPL $126.44 -0.13%
CSCO $27.33 -0.07%
GOOG $523.40 0.30%
FB $87.28 0.43%
TSLA $280.02 4.04%

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DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

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