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Apple stock gets bashed over the holidays, at a new 10-month low

Apple Inc. stock drops to a new 10-month low, iOhOh

| Business, Financial & Legal News | Posted: Dec 27, 2012 6:32 am

The days of $700-plus Apple Inc. (AAPL) stock seem to be well and truly over, but the iDevice maker has seen their stock getting bashed around for a couple of months now. In the last 24 hours, it has reached a new 10-month low of just $513 per share.

 

TweakTown image news/2/7/27500_03_apple_stock_gets_bashed_over_the_holidays_at_a_10_month_low.png

 

Around six weeks ago we reported that it was dropping big time, and at that stage it had reached $558 - so we're another 10% or so down in the last six weeks alone. On December 14 we reported their stock dropping 4% based on poor iPhone 5 sales in China.

 

I've expressed my thoughts many times on this, and I don't think we're going to see Apple recover. They've released new devices in all categories, so now all they can do is try and excite the market with something new - but have they burnt bridges in their journey?

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