Apple’s stock continued it’s decline today, dropping nearly 15% since Apple revealed their quarterly earnings for the holiday 2012 quarter. The stock closed today at $439.88, hitting a new 52-week low. The stock’s prior 52-week low was $443.14, set intraday on January 26, 2012.
The stock has certainly fallen a long way from it’s high of just over $700 in September. Earlier today, Exxon dethroned Apple as the world’s most valuable company. The big question is just how much farther Apple shares will slide! Is this Apple’s new low point, or will analysts and investors finally wake up from their slumber and start buying back shares.