1 Updates
Apple Stock Price Nears $500

Apple Stock Price Nears $500

Dec 15 2012, 1:00am CST | by

What goes up...

For most companies, the idea of a $500 stock price would make the CEO giddier than the giddiest schoolgirl. For Apple, though, it's a sign that there has been a huge decline in its value. After...

Filed under: news

Full Story below YouTube Videos

 
 

 

1 year ago

Apple Stock Price Nears $500

Dec 15 2012, 1:00am CST | by

What goes up...

For most companies, the idea of a $500 stock price would make the CEO giddier than the giddiest schoolgirl. For Apple, though, it's a sign that there has been a huge decline in its value. After making history and setting new records on Wall Street, Apple's stock prices have been falling quickly. On Friday alone, they dropped by nearly $20, to $509.79.

Back in September, there was a very different storyline being painted about Apple's market value. It caused everyone's eyes to pop when it actually managed to eclipse $700. The highest end-of-day price that Apple stocks hit was $702, to be exact.

Unfortunately, it has kind of been downhill since then. Last week alone, Apple stock prices declined by about 10%. And all of this is coming at a time when you would expect most of the population to be more excited about Apple products than ever.

This is not exactly a direction that people had anticipated. Financial services group UBS had predicted Apple might see a stock price of as high as $780 in 2013. Analyst Steven Milunovich has now revised that to $700, which is of course lower than its top price of 2012.

A number of reasons have been suggested as to why Apple is seeing this reversal of fortune. The most common appears to be related to all the talk of the "fiscal cliff," which is just causing problems for companies in every industry. It wouldn't necessarily be something that Apple is doing wrong.

Also, though, it's suggested that Apple's profit margins are down, and that the company might be currently in a position of trying to acquire new customers instead of just sucking profit from its existing base. Or it could actually be that customers are starting to see the value in other devices like the Nexus 7, Kindle Fire, and Galaxy S III.

Piper Jaffray analyst Gene Munster seemed to be a bit more optimistic, though. "We are more optimistic about 2013 as we believe Apple will not only launch a television, but also a lower priced iPhone for prepaid markets in 2014 or potentially sooner," he wrote.

Via Cnet

 

Don't miss ...

 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

blog comments powered by Disqus

Latest stories

Apple: Rotting From The Core?
Apple released results on April 23: The company announced higher dividends, increasing stock buybacks from $60 billion to $90 billion, a 7 for 1 stock split, and higher earnings. The stock shot upward by $44 per share...
 
 
Apple Reportedly Releasing Upgraded Versions of 11-Inch and 13-Inch MacBook Airs
Apple Reportedly Releasing Upgraded Versions of 11-Inch and 13-Inch MacBook Airs Next Week
The updated models of 11-inch and 13-inch MacBook Airs might get released as early as Tuesday
 
 
Apple's Sales Figures Prove A Sad Fact: There's Still No PC As Desirable As A Mac
Mac sales make up just a tenth of Apple's revenue, but they’ve received a significant amount of attention following the company’s quarterly report yesterday, both from analysts and from the CEO Tim Cook himself. Cook’s...
 
 
Apple's Analysts Almost Universally Positive On The March Quarter Results
Apple’s shares are up over $40 today driven by its very solid March quarter results and better than expected guidance for the June quarter. I have summarized over a dozen sell-side notes below and many analysts have...
 
 
 

Latest from the Network

Google's top social networking executive departs
SAN FRANCISCO (AP) — Google's top social networking executive is leaving the Internet company after a nearly eight-year stint highlighted by an audacious challenge to Facebook. Vic Gundotra fittingly...
Read more on Business Balla
 
Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Boca Raton, FL, April 24, 2014 --(PR.com)-- In a brief interview today, Master Ron Tramontano announced that he is in the running to bring his popular Virtual Martial Arts Competition to the ABC reality series, "...
Read more on TV Balla
 
Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Boca Raton, FL, April 24, 2014 --(PR.com)-- In a brief interview today, Master Ron Tramontano announced that he is in the running to bring his popular Virtual Martial Arts Competition to the ABC reality series, "...
Read more on Sport Balla
 
Shark Tank Hopeful Master Ron Tramontano on Target to Bring the Virtual Martial Arts Competition to the World
Boca Raton, FL, April 24, 2014 --(PR.com)-- In a brief interview today, Master Ron Tramontano announced that he is in the running to bring his popular Virtual Martial Arts Competition to the ABC reality series, "...
Read more on Business Balla
 
Apple: Rotting From The Core?
Apple released results on April 23: The company announced higher dividends, increasing stock buybacks from $60 billion to $90 billion, a 7 for 1 stock split, and higher earnings. The stock shot upward by $44 per share...
Read more on Apple Balla
 
Viola Davis used to search bins for food
Viola Davis used to search through the bins for food. The Oscar-nominated actress admits she's ashamed of her childhood because she was so poor growing up that she would steal from her local shop and hunt through...
Read more on Celebrity Balla
 
4 Steps To Reaching Your Money Goals -- Faster!
By Stella Grizont This post originally appeared on LearnVest. I don’t know about you, but when it comes to managing my finances, I can often come up with a whole list of things I’d much rather do … including cleaning...
Read more on Business Balla
 
Apple's Analysts Almost Universally Positive On The March Quarter Results
Apple’s shares are up over $40 today driven by its very solid March quarter results and better than expected guidance for the June quarter. I have summarized over a dozen sell-side notes below and many analysts have...
Read more on Business Balla
 
Can China Lead? Highlights And Thoughts From Harvard China Forum
This past weekend I went back to my alma mater to attend the annual Harvard China Forum, where a handful of the organizers are my personal acquaintances. With 1,200 attendees and a $100,000 budget, it is perhaps the...
Read more on Business Balla
 
A Secret Of Customer Service Training You Can Learn In The Shower (Or At The Ritz-Carlton)
I remember one time when my hair got really, really dirty–I’d been at camp. When finally under the blissful flow of the shower head, my temptation was to wash my hair eight or nine times in a row. Which didn’t really do...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla