AAPL Stock Closes at New 16-Month Low of $392.05

AAPL Stock Closes at New 16-Month Low of $392.05

Apple’s stock continued it’s decline today, dropping another 2.67% to close at $392.05. The stock briefly dipped below $400 yesterday on claims that Apple’s device claims may be significantly lower than expected, and today’s fall has cemented the stock below $400 for the very first time since it closed at $381.02 on December 16, 2011.

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The stock has certainly fallen a long way from it’s high of just over $700 in September. Apple also lost just enough market cap today to be dethroned by Exxon 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?

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