Originally posted on VentureBeat:
With good news comes bad news. Apple announced that it sold 2 million iPhone 5s in its debut in China, but the company’s stock fell below $500 for the first time since February this morning following a downgrade to neutral by Citigroup.
Apple stock fell to $499 at 6:55 a.m. Eastern this morning, reports Bloomberg. At the time of this post, the stock was back up to $503.39.