Apple's recent decline is mainly attributed to a slowdown of the company's profit growth. Apple is expected to report a significant profit decline for the March quarter, as iPhone demand is weaker than hoped and Apple's margins are declining.
Industry experts think that Apple needs to introduce a disruptive new product, such as the long-rumoured Apple TV set, in order to turn the momentum back in its favor.
Apple Stock Crashes to 15-Months Low
Description
This chart illustrates Apple's recent stock performance. The stock is down more than 40 percent from its peak in September 2012 and briefly fell below $400 for the first time since 2011 on April 17, 2013.
