Apple Shares Drop Below 400, As DOW Dives 220 Points

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AAPLshares

AAPL shares have dropped below $400 in early morning trading on Monday. The DOW and NASDAQ both opened to big losses as they dropped 220 points and 53 points.

The share price drop may also be due in part to a report this morning that Apple has significantly reduced iPhone orders for the remainder of 2013. AAPL shares dropped below $400 in April for the first time in over 16 months.

Apple’s stock has continued to perform poorly over the past nine months despite Apple’s new dividend program that will see investors receiving a payback of $100 billion from Apple by the end of 2015.

Tim Cook’s stock compensation was recently updated – per Cook’s request – so that it focuses on Apple’s actual performance. If AAPL doesn’t perform well while Tim Cook is CEO he could stand to lose millions from his stock options that are currently worth $413 million.

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