So much for staging a comeback.
Apple's stock fell back below $400 a share in early trading Monday, a decline of more than 3% on the day.
The stock last traded below the $400 mark in mid-April -- the first time it had fallen into the $300-range since December 2011. However, the stock rebounded above $450 in early May, in part based on optimism for Apple's big
The stock has gradually ticked back down in the two weeks since its developers conference. On Monday, investors appeared to be spooked by a note over the weekend from Jefferies analyst Peter Misek that reported Apple will produce fewer iPhones than expected later this year.
Apple stock hit an intraday trading high of $705 a share in late September after the iPhone 5 was released, but has since lost nearly half its value due to a combination of supply concerns, increased competition, executive shakeups and the perception among some investors that Apple doesn't have another breakthrough product up its sleeve.
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