Apple shares open below $500

Apple Stock Price

Shares of Apple (AAPL) opened in the $400-range on Tuesday after losing more than half a point from Monday’s closing price of $501.75 in pre-market trading. The stock continued to fall Tuesday morning following earlier reports suggesting Apple recently halved iPhone 5 component orders in light of much weaker than expected demand moving into 2013. The reports were questionable at best, but the stock already had downward momentum that continued into Tuesday. Apple shares are down another 1.2% to $495.73 in Tuesday morning’s session.

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