Skip to main content

AAPL stock dips below 500 for the first time in almost a year after WSJ says iPhone component orders halved

.

Apple’s stock hit an all-time high in September at $705.07, but it closed Friday at $520.30, and now the stock has dipped below $500 during trading hours for the first time since February 2012 (although it went below in pre-market last November). The drop follows news of Apple cutting component orders for the iPhone 5 recently due to weak demand. Apple’s stock fell to $498.66 around 9:32 a.m. EST, as seen above, but shares fell as low as $497 in pre-market trading this morning.

FTC: We use income earning auto affiliate links. More.

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel