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Sony

Tech stocks: Sony dips, Apple rises

Brett Molina, USA TODAY
April 26, 2013, 11:19 a.m. ET

Let's take a look at the tech stocks to watch as we close out the week.

Sony slides. Shares of the electronics giant have plunged 4.5% even though it doubled its forecast for net profits.

According to the New York Times, Sony expects to rake in $404 million in net profit, compared to its initial prediction of more than $200 million.

Apple rising. After plunging to a 52-week low last Friday, Apple shares are slowly making the climb back up. The stock sits at $413.85, a 1.3% increase.

The plunge was tied to investor anxiety over the timing of Apple's next major product announcement. The company hasn't confirmed anything yet, but CEO Tim Cook said during a recent financial earnings call that consumers can expect new products as soon as this fall.

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