Shares of Apple (AAPL) tumbled during Friday’s session to end the day at a 10-month closing low, down 1.10% to $509.41. The stock is down a further 0.38% to $507.48 in after-hours trading, pushing it beneath a low hit previously on December 14th. Apple’s stock climbed to an all-time high of $705.07 only three months ago, just before the company’s record-breaking iPhone 5 launch. Fears that the company cannot maintain its unprecedented growth have since soured investor sentiment and the stock is down 27% since hitting its record high in September.
Apple tumbles to 10-month closing low
Updated Dec 28th, 2012 4:31PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
