Apple shares dip below $600, then bounce back
Concerns about Apple's threatened profit margins appear to be weighing on the stock, despite the company's upbeat talk in its conference call.
Apple shares, which just a month ago hit a record high of $702, today dipped briefly below $600.
The stock, which opened at $609.43, started falling about an hour later, eventually dropping to a low of $591 shortly after 9 a.m. PT. The shares subsequently rallied and crossed back above the $600 line a little over an hour later.
yesterday, beating expectations for revenue but falling short on profits. came in slightly above Wall Street estimates, although .