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January 24th, 2013
04:22 PM ET
Apple stock plunges 12%
The world's most valuable publicly traded company took a hit on the stock market Thursday.
Shares of Apple plunged more than 12% Thursday, to $450.50, as investors grew skeptical about the iPhone maker's growth prospects, CNNMoney reports.
Apple's stock has been on a steady decline for months, with shares falling more than 35% from their all-time intraday high of $705, which was reached Sept. 21, 2012.
The bubble is bursting...
T O L D Y O U S O
I hope investors lose their shirts.
Too bad Steve Jobs isn't around to take the hit. It would serve him right
for jumping in bed with to the Chinese.
Wow, why are you so disrespectful? I'm sure Steve Jobs wishes he was still among the living as well. What a horrific disdain for human life you show.
M Houston,
Did we have the facilities or the trained people to build Apple's products here at home? If you are honest, you know the answer to that, so get off your high horse.
I guess all of the comments several months ago about how Apple stock would never drop were wrong.
Apple should watch there stock market a lot better. I agree that the incline will approach at one point, but until then, apple will crash under economy. Why didn't Apple try to support itself during the decline?
Thats a major loss for small time investors. If you are a big name investor you will make up the losses other ways, but if your life savings is invested in Apple, that's very painful!
I examined tons if stock data gran 18 to 25 like a mad man. It alzo doesnt hurt being a bonifid genius. The result well there are no words. The proof is in the pudding.