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Title: Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400 Post by: HCK on April 17, 2013, 11:00:33 pm Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400
Apple's stock price hit new lows today, setting 52-week records and hitting the lowest points seen since late 2011. The price has traded beneath the $400 level several times this afternoon, with AAPL having not traded that low since December 23, 2011. Today's slide follows a lower-than-expected revenue forecast for Cirrus Logic, a major supplier for chips used in the iPhone and iPad. Traders believe the lower forecast indicates weak Apple sales over the next several quarters. Apple's stock price traded over the $400 mark for the first time in July 2011. Apple will announce its second quarter earnings on April 23rd. The earnings release typically occurs just after 4:30 PM Eastern Time following the close of regular stock trading, and the conference call is scheduled to follow at 5:00 PM Eastern / 2:00 PM Pacific. Recent Mac and iOS Blog Stories • Apple Retail Roundup: New Stores Coming in Germany, Netherlands, UK • Facebook Hires Former Apple Maps Manager Richard Williamson • Aperture and iPhoto Updated with Performance Enhancements and Bug Fixes • La Playa Hotel Lifts 30-Year Ban on Apple Corporate Retreats • Time Warner Cable Brings Live TV Streaming On the Go to iOS • Mailbox Removes Reservation System After Server Boost • Funny or Die's Steve Jobs Movie 'iSteve' Delayed Until April 17 • Mailbox Update Adds Better Snooze Controls and Improved Swiping http://www.macrumors.com/2013/04/17/apple-stock-price-hits-lowest-levels-since-2011-falls-below-400/ |