When Apple (AAPL) neglected to announce any preorder sales figures for its new iPad mini tablet earlier this week, Wall Street got nervous. Now, with the new tablet’s launch just two days away, Apple’s stock is still dropping. In pre-market trading on Wednesday as the New York Stock Exchange prepared to reopen in the aftermath of Hurricane Sandy, Apple’s stock dropped below $600, hovering in the low $597-range as of the time of this writing. Shares of Apple stock hit a record high of $705.07 just after the iPhone 5 launched, and have since plummeted more than 15%.
Apple stock drops below $600 despite upcoming iPad mini launch
Published Oct 31st, 2012 8:30AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
