Tech content trusted by users in North America and around the world
6,727 Reviews & Articles | 46,171 News Posts
TRENDING NOW: AMD's dual Fiji chip spotted as Radeon R9 Gemini, is this the Fury X2?

Apple stock takes further dive, drops below $400 for first time since December 2011

Apple stock drops below $400 for first time since December 2011
| Business, Financial & Legal News | Posted: Apr 17, 2013 7:31 pm

Apple's stock continues to fall as more and more reports of decreased demand roll in. Today, Apple's stock dropped by almost 6 percent, slipping to under $400 for the first time since December 2011. Apple stock has since rallied slightly and is back at $401.70 at the time of writing.




A major contributor to today's decrease in value is a report by DigiTimes stating that iPad mini shipments could be down by as much as 30 percent quarter-over-quarter. Another contributor is Cirrus Logic, supplier of the audio chips in Apple products, failed to meet expectations, leading many investors to believe Apple's demand is also down.


We'll know just how bad Apple performed when they release their financial results next week.

Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases