Major Apple shareholder cuts stake

Criticism for Apple's warranty policies have also triggered concerns for the company's investors. Fidelity Contrafund, one of the company's largest shareholders, significantly reduced its stake.

The fund trimmed 10 percent of its position in Apple in the first two months of 2013, reducing its stake to 10.43 million shares from the 11.56 million shares it held last December.

Fidelity Contrafund began trimming its Apple holdings late last year. Apple's share price slipped in reaction as the stock is off nearly 40 percent since hitting an all-time high of 705 dollars and change last September.