Apple Inc. fell below $400 for the first time since December 2011 after a supplier hinted at a slowdown in iPhone and iPad production. The stock closed at $402.80 but had sunk to $398.11. The decline means Apple has lost its position as the world’s most valuable publicly traded company to Exxon Mobil Corp., which has a market capitalization a few billion dollars above Apple’s $380 billion value.
Apple stock falls to one-year low on supplier news
You have reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week