Apple hits a 57-week lowMarch 1, 2013: 11:01 AM ET
The last time Apple traded below $430 was Jan. 24, 2012
FORTUNE -- The selling pressure on Apple (AAPL) continued unabated Friday, pushing the stock back to where it was 13 months ago.
Two minutes before the close of trading, Apple shares briefly touched 429.98. That's their lowest point since Jan. 24, 2012, when the stock closed at $420.50 in advance of the company's fiscal Q1 2012 earnings release. When Apple reported blow-out earnings that day on sales of 37 million iPhones, the stock rocketed up $37.50 in after-hours trading.
Apple hasn't had a day like that in some time. In the same quarter this year, the company sold 47.8 million iPhones (up 30%) -- and 23 million iPads (up 50%) -- and got punished for its efforts.