Apple shares hit an 11 month low today. The stock [AAPL
] fell $18.55 (3.57%) to close at $501.75. Apple has lost nearly 200 points since mid-September. Bloomberg
that the drop comes after the Nikkei
Apple cut its production due to weak iPhone 5 demand. Apple reportedly cut production by nearly 30% last month.
that JP Morgan analyst Mark Moskowitz is calling the new reports old news. However, even the Wall Street Journal
the cuts were due to weaker demand for the iPhone 5. Take a look: