Money Minute: Apple Shares Set to Drop; Chocolate Prices Not So Sweet

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The market is riding a five-day losing streak, and Apple's not going to help things improve today.

Shares of Apple (AAPL) are set to slide. The company sold a record 51 million iPhones during the holiday quarter, but apparently that's not good enough. And the company's forecast for the current period is disappointing, making investors worry that Apple doesn't have a revolutionary product in its pipeline.

A new research report says Samsung now has nearly 30 percent of the global smartphone market, compared to 17.6 percent for Apple.

By the way, Apple's stock movement should matter to you. It's one of the biggest holdings at mutual funds run by Vanguard, Fidelity, Blackrock (BLK) and other large fund groups.

The Dow Jones industrial average (^DJI) lost another 41 points Monday, the Standard & Poor's 500 index (^GPSC) lost 8 points and the Nasdaq composite (^IXIC) fell 44.

Good news, bad news for President Obama ahead of his State of the Union address tonight.
A new Wall Street Journal survey finds 71 percent of Americans are disappointed with the broader economy. At the same time, 61 percent are satisfied with their own financial situation.

While stock market values are melting away, chocolate prices are on the rise. The price of cocoa, the key ingredient, is at a 2½ year high, partly because we can't seem to satisfy our sweet tooth. Demand for chocolate keeps going up.

A penthouse apartment in a Manhattan building has sold for a record $51 million. The nearly 6,000-square-foot apartment has five bedrooms and a 360 degree view of some of the most iconic sites in New York, including the Statue of Liberty and the Empire State Building.

And Southwest Airlines (LUV), which carries more domestic passengers than anyone else, is going international. Beginning July 1, it will fly to Jamaica, the Bahamas and Aruba. It will add three other overseas destinations by the end of the year.

-Produced by Drew Trachtenberg.


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