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Apple Stock Drops Over 3 Percent Again, Hitting New Nine-Month Low

Apple Stock Drops Over 3 Percent Again, Hitting New Nine-Month Low

The downward spiral of Apple’s stock price continued in force today, with AAPL shares dropping over 3% once more to close at a 9-month low of $485.92.

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The dip follows recent dubious reports claiming that Apple is facing lower-than-expected demand for the iPhone 5 – a claim which has some suspecting that this may be an attempt at stock manipulation.

Whatever the actual case, one thing is clear: Apple’s stock has never been so cheap within the past year or so. Perhaps now is a crucial time to snap up shares while they’re still so cheap!