Is the Facebook IPO hurting Apple (AAPL -1.8%)? As shares fall further below the levels they...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Is the Facebook IPO hurting Apple (AAPL -1.8%)? As shares fall further below the levels they traded at prior to Apple's strong FQ2 report, one theory making the rounds is that NASDAQ index funds are selling to make room for Facebook and its likely $100B+ market cap. In addition, Bloomberg reports a number of major hedge funds, including SAC Capital and Viking Global, took profits on Apple in Q1, though they collectively still held 37.8M shares at quarter's end.