Apple falls on tax probe report

Investor's Business Daily

The New York Times reported that the consumer electronic giant is the focus of a congressional probe into tax accounting practices. The newspaper said Apple (AAPL) is one of "at least a half dozen technology companies" that Congress is looking at in the investigation. In other news, a Reuters article said market research firm Strategy Analytics expects Samsung to pick up share vs. Apple in the smartphone market in '13. Apple fell 2.8%.

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