Apple Inc.’s shares are now down nearly 15% since they briefly passed the $700 mark in mid-September.
The decline began shortly after Apple’s new Maps app started to get panned by reviewers following the launch of the iPhone 5 on Sept. 21. Jean-Louis Gassée, a former Apple executive and venture capitalist, wrote in his blog barely a week later that the company lost nearly $30 billion in market value after the “Maps fracas” and subsequent apology to customers by Chief Executive Tim Cook.
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