NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is a week away! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.
Fueled by concerns that iPhone 5 demand has weakened, investors are abandoning Apple, sending the company’s stock under the $500-per-share mark.
Apple’s shares took a substantial hit yesterday after reports broke that Apple had cut display orders in half for the current quarter, indicating lessening demand. The stock ended yesterday at $501.75, a drop of 3.57 percent. But it looks like investors are still freaking out today.
At the time of this writing, Apple’s stock is down about 2 percent to just under $492. The current price is a far cry from Apple’s 52-week high of $705.07.
Check out Apple’s stock performance from the last year in the chart below:
AAPL data by YCharts
Tim Cook photo via VentureBeat
We're studying digital marketing compensation: how much companies pay CMOs, CDOs, VPs of marketing, and more
, with ChiefDigitalOfficer. Help us out by filling out the survey
, and we'll share the results with you.