Apple stock slouches toward $500, near February lows

Even with Apple’s top product arriving in more stores around the world, and its last products of the year shipping out, Wall Street’s not so hot on the company today.
Shares of Apple closed at $509.79, down $19.90, or 3.76 percent, on Friday. That’s near where the stock was trading in February, ahead of the journey that would take it beyond its high of $702 in September.
Of course everyone’s looking for explanations behind the slump, a behavior that’s become regular in the nearly three month span since the iPhone 5 went on sale. During that time, shares of Apple’s stock have dropped more…

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