Apple Shares at 16-Month Low

Apple shares (NASDAQ:AAPL) are currently trading down at $398.11, 6.6 percent below yesterday’s closing price of $426.24. It represents a stark downturn for the stock as well as a 16-month low. Earnings could be to blame as they are coming soon and investors are not sure what to expect. AAPL still suffers from a lot of volatility and uncertainty. The company’s latest product announcement was the iPad mini in October 2012. In other words, it has been a very long time compared to previous years. Those keynotes general boost the stock before the day of the announcement. So any sign of weakness now greatly affects Apple’s stock. [Source TechCrunch]

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