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Apple Hits Hard Road

Stock quotes in this article: AAPL , T , SNDK , MSFT , RIMM , NOK , MOT  

Updated from 3:15 p.m. EDT

SAN FRANCISCO -- Apple's (AAPL Quote) decision to slash prices on its iPhone has investors fretting that the do-no-wrong tech giant is taking its lumps in the bruising cell phone market.

Apple shares slipped again Thursday as traders tried to sort out the implications of Apple's move to lower the cost of the 8-gigabyte iPhone from $599 to $399 and to end production of the 4-gigabyte phone that was priced more affordably.

The stock was recently off more than 1% to $135.16. ...

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