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.
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.
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