SAN FRANCISCO: Apple Inc's shares fell below US$400 (RM1,214.30) on Wednesday for the first time since December 2011 after a chip supplier's disappointing revenue forecast fanned fears about weakening demand for the iPhone and iPad as competition intensifies.
The stock dropped below US$400 (RM1,214.30) briefly before bouncing back to end 5.5% lower at US$402.80, (RM1,222.80) losing more than US$22bil (RM68.8bil) of market value in a single day.
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