Apple's Market Cap Has Lost Nearly $200 Billion Since iPhone 5

Apple is a much different company now than it was at this time a year ago — at least in the eyes of Wall Street.

In the months leading up to the iPhone 5 launch last Sept. 12, analysts speculated that Apple's stock was on its way to hitting $1,000 and that the company might be the first with a $1 trillion market valuation. For the first few days after the launch event, Apple did indeed seem headed in that direction: the stock hit $700 a share for the first time less than a week later and its market cap topped $650 billion

Then things started to head in the wrong direction. Opening weekend sales for the iPhone 5 came in lower than some analysts had expected, and multiple reports chalked it up to supply problems limiting Apple's ability to ship enough devices to meet demand Read more...