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| Apple shares yesterday fell briefly below $400 - the first time they had been below that level since 2011 |
A loose-lipped supplier who hinted that Apple were slowing down production of iPads and iPhones wiped $22billion off the company's market value yesterday.
Shares fell below $400 for the first time in a year and a half, following the comments from audio chip supplier Cirrus Logic.
The decline means Apple has lost its position as the world's most valuable publicly traded company to Exxon Mobil, which has a market capitalisation a few billion dollars above Apple's $380 billion price tag
