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Apple's crumbling share price
In just over two months, Apple's share price hit a record high of $700 a share, and then plummeted to $525 a share in mid-November. What happened? A series of mistakes, missteps and a management shake-up caused the Cupertino, Calif.-based technology giant to fall dramatically only weeks after the iPhone 5 and iPad mini -- along with a bevy of other hardware refreshes -- were launched. The share price fall wiped more than $150 billion off the firm's market cap and many began to question Apple's decision-making processes.
Scott Forstall, the iOS chief, was pushed out of the company, despite prior suggestions that he could one day replace chief executive Tim Cook. Apple is now beginning its recovery, but for a while things looked tense.