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Apple stock hits latest 52-week low

Reported by AAP
Tuesday, March 5, 2013
Coolest smartwatchesTech giants and smaller players have jumped on the smartwatch bandwagon.

Shares of Apple hit their lowest level in more than a year on Monday, continuing a decline hastened by the company's last quarterly earnings report.

Apple Inc stock touched as low as $419 Monday - its weakest point since January 2012 - before closing down 2.4 percent at $420.05.

The Cupertino, California, company's January 23 report signalled that its fast growth phase, rare for a company of its size, may be coming to an end.

Apple's stock price peaked in September at $705.07 on the day the iPhone 5 was released. With Monday's close, the stock has dropped 40 per cent from the record high.

17/09/2014 01:26Sydney, Australia. 17 September,2014
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