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Apple stock drops to lowest point since 2011, AAPL drops below $400 per share

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Update: AAPL has briefly dipped below 400 and continues to trade around that mark.

This morning, Apple’s stock has reached its lowest levels per share since late 2011. Since the beginning of 2012, Apple’s stock has rallied all the way up to over $700 per share, but since the end of the 2012, the stock has gone through a downward spiral. Today, the stock is trading at a little over $400 per share, with a daily low of $400.78. These numbers are in the same territory as late 2011 values per share, the same time when Tim Cook took over as CEO.

Chart of Aug-Oct. 2011 below:

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