Apple’s stock took another hit on Thursday, sinking to a dismal $392.25 by the closing bell.
Fears have been mounting about Apple’s place in the world, and they were heightened earlier this week by a report from a key supplier, Cirrus Logic, which posted a disappointing revenue forecast. On Wednesday, Apple’s shares dipped below $400 per unit for the first time in more than a year, ending the day 5.5 percent lower at $402.80. On Thursday, they slipped another 2.75 percent.
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Apple Falls From Investors' Grace
Posted by: Erika Morphy April 18, 2013 11:30 AMApple’s stock took another hit on Thursday, sinking to a dismal $392.25 by the closing bell.
Fears have been mounting about Apple’s place in the world, and they were heightened earlier this week by a report from a key supplier, Cirrus Logic, which posted a disappointing revenue forecast. On Wednesday, Apple’s shares dipped below $400 per unit for the first time in more than a year, ending the day 5.5 percent lower at $402.80. On Thursday, they slipped another 2.75 percent.