Apple shares were absolutely pummeled right out of the gate on Wednesday, and the stock has since fallen below $401 for the first time since 2011. Concerns over the company’s slowing growth sent Apple screaming downward after reaching an all-time high this past September ahead of the iPhone 5’s debut. Apple shares have lost more than 35% of their value since then, and the stock was down almost 6% to $400.71 during Wednesday afternoon’s session. Shares have since recovered slightly to $402.60.
UPDATE: Apple shares have fallen below the $400 mark, hitting $389.11 at 12:51 p.m.