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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