Updated from 2:22 p.m. EST with new stock pricesTech stocks faced a rough day as some of the sector's biggest names took a beating on fears of an economic slowdown. Apple ( AAPL) 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) was down $9.47, or 8.4%, to $103.35. Motorola ( MOT) was off 98 cents, or 6.1%, to $15.07. Chip stocks continued to fall as Intel ( INTC) 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) also continued to sink and was off 52 cents, or 7.7%, to $6.25, touching a new 52-week low.