Supplier woes stir Apple demand fears, stock drops below $400

By Poornima Gupta and Noel Randewich SAN FRANCISCO (Reuters) - Apple Inc's shares fell below $400 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 $400 briefly before bouncing back to end 5.5 percent lower at $402.80, losing more than $22 billion of market value in a single day. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/apple-shares-slide-supplier-cirrus-logics-weak-outlook-155459868--finance.html