Apple stock hits latest 52-week low

March 4, 2013

Shares of Apple hit their lowest level in more than a year on Monday, continuing a decline hastened by the company's last quarterly earnings report.

Apple Inc. stock touched as low as $419 Monday—its weakest point since January 2012—before closing down 2.4 percent at $420.05.

The Cupertino, Calif., company's Jan. 23 report signaled that its fast growth phase, rare for a company of its size, may be coming to an end.

Apple's stock price peaked in September at $705.07 on the day the was released. With Monday's close, the stock has dropped 40 percent from the record high.

Explore further: Apple shares hit record high ahead of earnings

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2 comments

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Lurker2358
1 / 5 (1) Mar 04, 2013
Buying stock on the day a product is released is foolish (and contrary to the intended purpose of stock market investments).

Based on development cycles of technology, an investor should buy stock 2 to 5 years before the release dates, which is to say, buying stock for the iPhone 5 phase should have been done during the iPhone 1 or 2 phase...

But let's not let realism and fairness get in the way of short term investment scams which are what the modern stock market exchanges make their money from.
VendicarE
not rated yet Mar 04, 2013
Currently 418.65 and falling.
Down $13 for the day.

Apple has nothing left.

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