While Apple stock have definitely been falling for the last few months (and I know, I have stock), let's not forget that so has everything else lately. In particular, in the last week with focus moving away from the presidential election and back towards actual issues rather than trying to get votes, people are remembering that the so-called 'fiscal cliff' is just around the corner. Apple's fallen yes, but LinkedIn has also fallen, so has Google, so has Microsoft; all quite significantly I might add.
Sometimes things aren't as simple as "STEVE JOBS IS DEAD," a new Nexus handset or more lawsuits with Samsung. Sometimes it's just the market overall. Even earlier in the year I noticed it with the Greek bailout issues. Apple stock had been falling for weeks, then suddenly the pro-austerity party in Greece won the election, and stock prices started shooting up again as concerns over Europe collapsing were alleviated.