Disappointing Revenue Forecast From Key Supplier Prompts Drop in Apple Stock Price
Reuters is reporting that shares of Apple’s shares fell to $400 on Wednesday after a revenue forecast report was released by one of the company’s key suppliers. Apple stock has not been so low since December of 2011.
According to Reuters, Apple’s stock briefly fell today to $400 but increased to maintain a $403 price point soon after. The iPad maker has seen a dramatic 40 percent drop in market value since it peaked in September of 2012.