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Apple tumbles to 10-month closing low

Zach Epstein
December 28th, 2012 at 4:25 PM
Apple Stock Closing Low

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.

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




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