Apple Tumbles To New Closing Low -- Stock Now Down 27% From Peak

Apple stock got hit again today, falling 1% to $509. That's the lowest close since the stock began its recent slide in September. Apple is now down 27% from its peak. Apple's market value has now lost about $175 billion. Thanks to Apple's massive size, that's more money than investors in Hewlett-Packard and Research In Motion have ever lost in those two stocks combined. Of course, Apple has only fallen to a level that it first breached on the way up last winter. The stock is still up sharply thi...