Apple stock falls to 63 per cent of all-time high
Share price fall catches up with other hi-tech stocks
Apple's share price closed at $86.375 - way down on the $140-plus peak it hit back in late March. Trading opened today at $87.625.
That said, the fall, broadly in line with the way all US hi-tech stocks have been going - ie. down - does appear to be slowing and possibly bottoming out.
And, looking at a chart of share price performance, AAPL's closing price Friday is pretty much where it would have ended up anyway had the price not lifted slightly the previous week during the company's Worldwide Developers Conference.
According to MacUser, the dip won't prevent Apple from splitting its stock, a move approved both by the company's board and the majority of its shareholders. The split will take place on 21 June, and see each share be converted into two new, $49 shares. ®
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