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SEE: Apple stock closes in correction territory

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  • Apple shares fell below $163 -- down more than 11 percent since March 13, when the stock hit an all-time intraday high of $183.50.
  • The hardware giant is reeling from reports of weak iPhone sales and one analyst's prediction that the high-end iPhone X would be killed off this year.

  • Apple closed in correction territory Tuesday, falling below $163 for the first time since February to close at $162.94.
    Shares were off more than 11.5 percent since March 13 — when the stock hit an all-time intraday high of $183.50.

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