360° Coverage : Apple Stock Price Nears $500

11 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...

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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

 
Update
11

1 hour ago

Five-hour iTunes Stores downtown fixed, no explanation provided

Sep 3 2014 12:37am CDT | Source: MacNN

Apple's non-Apple Store commerce sites suffered some major downtime on Tuesday, with the App Store, iBookstore, Mac App Store and iTunes Music Store being inaccessible for nearly five and a half hours for some (but not all) users, from approximately 6:30PM to midnight Eastern time. During the outage, users were in some cases able to load the product pages of the sites, but unab ...
Source: MacNN   Full article at: MacNN
 

 
Update
10

1 hour ago

Apple now inviting AppleSeed members to beta test iCloud for Windows with iCloud Drive

Sep 3 2014 12:17am CDT | Source: App Advice

Apple has begun inviting members of its AppleSeed software customer seeding program to test the beta version of iCloud for Windows.As noted by MacRumors, the company has sent out invitations to AppleSeed members to preview iCloud for Windows, which includes access to its new file hosting service, iCloud Drive:Ahead of offering an iCloud for Windows beta to AppleSeed members, Apple released a beta version of the software to developers ...
Source: App Advice  Full article at: App Advice
 

 
Update
9

2 hours ago

Apple's iTunes Store hit with hours-long outage affecting music, app and e-book downloads

Sep 2 2014 11:19pm CDT | Source: Apple Insider

Apple late Tuesday confirmed an unknown issue affecting its digital storefronts has barred users from purchasing, downloading or re-downloading content from the iTunes Music Store, App Store and iBookstor ...
Source: Apple Insider  Full article at: Apple Insider
 

 
Update
8

3 hours ago

Apple updates App Store review guidelines with sections for new features in iOS 8

Sep 2 2014 10:59pm CDT | Source: App Advice

Ahead of the launch of the “iPhone 6″ and iOS 8, Apple has just updated its App Store review guidelines to add new sections for new features that are set to make their debut on its latest mobile operating system. As noted by MacRumors, Apple’s App Store review guidelines now include new sections for Extensions, HomeKit, HealthKit, and TestFlight (sections 25 through 28). These new sections essentially outline the dos and don’ts that iOS ...
Source: App Advice  Full article at: App Advice
 

 
Update
7

3 hours ago

Helpful shift scheduler for Apple Store employees turning into App Store app for all

Sep 2 2014 10:43pm CDT | Source: 9to5Mac

A couple of years ago, Australia-based former Apple Retail Store employee Josh Hunt realized that he (and his colleagues) had a major problem: even with Apple’s cloud technologies, viewing his Apple Store work schedule was a pain. Apple’s internal network allows Apple Store employees to view their hours each day, but this information is not easily accessible from the Calendar application on the iPhone, iPad, or Mac. Hunt created a tool called Roster Genius that is a web ext ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
6

3 hours ago

China Mobile now accepting preorders for Apple’s yet to be announced ‘iPhone 6′

Sep 2 2014 10:08pm CDT | Source: App Advice

China Mobile has begun accepting preorders for the so-called “iPhone 6,” a week before Apple itself is expected to officially announce its next-generation smartphone.According to China Daily (via MacRumors), the largest mobile carrier in the world has launched an online preorder campaign for the highly anticipated device. Interestingly, the campaign all but confirms that the iPhone 6 is set to come in 4.7-inch and 5.5-inch versions, as prospective buyers ...
Source: App Advice  Full article at: App Advice
 

 
Update
4

4 hours ago

Apple sets developer rules for HealthKit, HomeKit, TestFlight, and Extensions ahead of iOS 8 launch

Sep 2 2014 9:40pm CDT | Source: 9to5Mac

Today, Apple has updated its official App Store developers Review Guidelines to outline the requirements for iOS 8 applications that will make use of the new HealthKit, HomeKit, TestFlight, and Extensions services. Today’s update indicates that Apple is nearing the release of iOS 8, the next-generation mobile operating system for the iPhone, iPad, and iPod touch ahead of the September 9th Apple media event. Apple will provide developers with a golden master seed of iOS 8 on ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
3

6 hours ago

Hackers Using Law Enforcement Tools to Access iCloud Backups Unprotected by Two-Factor Authentication

Sep 2 2014 7:55pm CDT | Source: Mac Rumors

Earlier today, Apple issued a press release stating that an iCloud/Find My iPhone breach had not been responsible for the leak of several private celebrity photos over the weekend, instead pointing towards a "very targeted attack on user names, passwords, and security questions" hackers used to gain access to celebrity accounts. The company did not divulge specific details on how hackers accessed the iCloud accounts, leading Wired writer Andy Gree ...
Source: Mac Rumors   Full article at: Mac Rumors
 

 
Update
2

6 hours ago

Celeb nudes: Comprehensive review of forum posts reveals no mention of ‘Find My iPhone’ brute force technique

Sep 2 2014 7:13pm CDT | 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 number of personal and private nude images from high profile celebrities started appearing on online image boards and forums – most notably on anon-ib, 4chan and reddit,” Nik Cubrilovic blogs. “At least a dozen celebrities were affected by the photo dumps, with over 400 individual i ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
1

7 hours ago

Slices of Apple episode 4: Customer Service part 2

Sep 2 2014 7:00pm CDT | Source: TUAW

Apple Stores in Los Angeles see an influx of demanding customers. Apple has been a part of entertainment for years, and even has a group assigned to making sure Apple products appear in TV and movies. In this episod ...
Source: TUAW   Full article at: TUAW
 

 

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<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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