Click to Skip Ad
Closing in...

Apple shares tumble to lowest level since 2011

Updated 10 years ago
Published Apr 17th, 2013 12:30PM EDT
Apple shares fall below $400

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.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 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.