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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.

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