The stock briefly traded as low as $99.87, its lowest level since Aug. 24, a day when the entire stock market suffered a brief 'flash crash.' Apple shares traded as low as $92 that day. Apple stock closed down nearly 2 percent at $100.70 on Nasdaq on Wednesday, amid a broadly lower stock market. The stock's decline comes as a growing number of analysts are trimming their estimates for iPhone sales – the bedrock of Apple's business – with some predicting sales this year will decline on an annual basis for the first time since the phone was introduced.
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Apple shares drop below $100 for first time since August
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