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Apple Shares Once Again Close Below $400 as Stock Slide Continues

Apple Shares Once Again Close Below $400 as Stock Slide Continues

Apple just doesn’t seem to have many friends on Wall Street these days. The company’s stock has continued to decline at a steady pace following their WWDC keynote – and even rave journalistic reviews of OS X 10.9 couldn’t perk their stock back up today. The stock officially closed today at under $400 per share ($397.25) – the lowest point it has closed at since it hit $398.67 on April 22nd of this year.

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It remains unclear exactly what is responsible for the stock’s continued decline, and we reiterate once again Apple is taking that mater very seriously. Apple CEO Tim Cook even put a large amount of his compensation package on the line based upon Apple’s stock performance.

Will momentum for this fall’s releases – a new iPhone, new iPad hardware, the new Mac Pro, iOS 7, OS X Mavericks, and so forth – be enough to put some shine back in Apple’s stock? Only time will tell, but I, for one, remain hopeful.

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