Apple tumbles to 10-month closing low

Shares of Apple (AAPL) tumbled during Friday’s session to end the day at a 10-month closing low, down 1.10% to $509.41. The stock is down a further 0.38% to $507.48 in after-hours trading, pushing it beneath a low hit previously on December 14th. Apple’s stock climbed to an all-time high of $705.07 only three months ago, just before the company’s record-breaking iPhone 5 launch. Fears that the company cannot maintain its unprecedented growth have since soured investor sentiment and the stock is down 27% since hitting its record high in September.

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This article was originally published by BGR