The stock briefly traded at $91.99, a new near two-year low. The stock closed down 0.56 percent at $92.72 and was about 1.5 percent lower for the week.
Apple, once considered a darling among Wall Street investors and analysts, has been under pressure recently. On Tuesday, the stock snapped an eight-day losing streak, its longest in nearly two decades.
The company also reported its first-ever quarterly decline in iPhone sales last week, as well as its first year-over-year quarterly sales drop since 2003.