360° Coverage : Apple Stock Price Nears $500

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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...

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2 years 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

 
Update
10

6 weeks ago

Spotify royalties surpass Apple's iTunes in Europe by 13%, report says

Nov 4 2014 11:10pm CST | Source: Apple Insider

In what could be a bellwether for the global recording industry, royalty payments from streaming service Spotify have reportedly overtaken earnings from Apple's iTunes music store in Europe, a dr ...
Source: Apple Insider  Full article at: Apple Insider
 

 
Update
9

6 weeks ago

More documents to be unsealed in Apple-GT Advanced case

Nov 4 2014 10:07pm CST | Source: MacNN

The judge in the bankruptcy case involving GT Advanced Technologies and its chief client Apple ordered more documents unsealed and made public in the proceeding on Tuesday. Both Apple and GT Advanced came to an agreement regarding the papers that waived the confidentiality conditions of the two companies' original contracts, allowing GT Advanced to drop its objections to making the documents public. A statement made by GT Advanced officials detailing the firm's agreement with Apple i ...
Source: MacNN   Full article at: MacNN
 

 
Update
8

6 weeks ago

Apple Watch Pricing to Reportedly Start at $500 for Stainless Steel, $4,000 for Gold

Nov 4 2014 8:46pm CST | Source: Mac Rumors

French Apple website iGen.fr is reporting [Google Translate] that pricing for the stainless steel Apple Watch may start at $500, while the gold Apple Watches' pricing could start between $4,000 and $5,000. iGen.fr has been reliable in the past, most recently reporting the dimensions of both the iPhone 6 and 6 Plus. While Apple had announced that the Apple Watch would start at $350, which was widely assumed to be the price of the ...
Source: Mac Rumors   Full article at: Mac Rumors
 

 
Update
7

6 weeks ago

How to protect OS X from the ‘rootpipe’ vulnerability

Nov 4 2014 6:15pm CST | Source: Mac Daily News

google_ad_client = "ca-pub-9654279268749293"; /* Article Body, 336x280, Above the fold */ google_ad_slot = "0670981169"; google_ad_width = 336; google_ad_height = 280; //--> “A relatively long-standing vulnerability in OS X has been uncovered by a Swedish hacker, Emil Kvarnhammar, who has dubbed it ‘rootpipe’ by the so-far undisclosed method in which it can be used to take control of your Mac,” Topher Kessler reports for MacIs ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
6

6 weeks ago

Apple agrees to GT Advanced settlement despite ruling to unseal secret documents

Nov 4 2014 6:08pm CST | Source: Apple Insider

In a ruling on Tuesday, a federal court judge handling bankruptcy proceedings for sapphire maker GT Advanced Technologies ordered to unseal sensitive documents detailing the company's do ...
Source: Apple Insider  Full article at: Apple Insider
 

 
Update
5

6 weeks ago

Google has been killing Apple on the advertising front lately

Nov 4 2014 5:00pm CST | Source: TUAW

I'll be blunt: Apple's new iPhone commercials featuring Jimmy Fallon and Justin Timberlake absolutely suck. If they're not some of the worst commercials Apple has ever put out, they're certainly in the running. For ye ...
Source: TUAW   Full article at: TUAW
 

 
Update
4

6 weeks ago

GT Advanced reaches amended settlement agreement with Apple, will repay up to $290,000 per furnace sold

Nov 4 2014 4:58pm CST | Source: 9to5Mac

GT Advanced announced this afternoon that it has reached an amended settlement agreement with Apple related to the sapphire crystal glass manufacturer’s recent bankruptcy filing, in which both parties have agreed to waive the condition that GT Advanced’s declaration on October 8th remain under seal and expunged. Meanwhile, GT Advanced has filed a Form 8-K with the U.S. Securities and Exchange Commission that provides further details about the recent fal ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
3

6 weeks ago

Rumor: Apple Watch Pricing Revealed, Pre-Valentine’s Day Launch Still Possible

Nov 4 2014 3:57pm CST | Source: Pad Gadget

This week, Apple staff leaked information from Retail Chief Angela Ahrendts regarding an estimated launch date for the Apple Watch. So, with the scant information we have about Apple’s new wearable technology, this brought us one step closer to knowing more about its upcoming release. Today, however, French-language news site iGen.fr is reporting that the Apple Watch is still on track for a possible pre ...
Source: Pad Gadget   Full article at: Pad Gadget
 

 
Update
2

6 weeks ago

Apple quietly buys Seattle firm to expand cloud offerings

Nov 4 2014 3:29pm CST | Source: Mac Daily News

google_ad_client = "ca-pub-9654279268749293"; /* Article Body, 336x280, Above the fold */ google_ad_slot = "0670981169"; google_ad_width = 336; google_ad_height = 280; //--> “Seattle is known for a few technology companies – Amazon and Microsoft spring to mind, of course – but those giants are getting a new member of the club, and it’s arriving from Cupertino,” Matt Hickey rep ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
1

6 weeks ago

Could Michael Fassbender be the right man to play Steve Jobs?

Nov 4 2014 3:23pm CST | Source: App Advice

Christian Bale is out, but Michael Fassbender could be in to play Steve Jobs in the upcoming biopic of the Apple CEO and co-founder. Thats a according to a new report from Variety.The German actor is in early talks to play the role, which was vacated by Christian Bale earlier this week.Along with portraying Magneto in X-Men: First Class and X-Men: Days of Future Past, Fassbender received an Academy Award nomination for his ...
Source: App Advice  Full article at: App Advice
 

 
 

<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.

 

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