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This Just In

The world’s most valuable publicly traded company took a hit on the stock market Thursday.

Shares of Apple plunged more than 12% Thursday, to $450.50, as investors grew skeptical about the iPhone maker’s growth prospects, CNNMoney reports.

Apple’s stock has been on a steady decline for months, with shares falling more than 35% from their all-time intraday high of $705, which was reached Sept. 21, 2012.

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