UPDATE: Apple Falls Below $500 After Reports Of Weak iPhone Demand

UPDATE:

The market has opened, and Apple has briefly fallen below $500

Earlier: After a quiet start to German trading, shares of Apple are down nearly 4%.

Remember, this is the German trading of Apple.

That being said, early bid/ask indications in the US show the same thing, a significant decline from Friday's close.

The culprit?

WSJ confirming what other analysts have said, that Apple's parts orders for the iPhone 5 have been weak.

The stock could get close to breaking below $500 today.