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

13 minutes ago

Apple slams Google in Safari 7.1 release notes: ‘Adds DuckDuckGo, a search engine that doesn’t track users’

Sep 18 2014 2:31pm 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; //--> Apple today released Safari 7.1 for OS X Mavericks. Apple’s release notes (below, verbatim) contain an oblique slam on Google. The update: • Adds DuckDuckGo, a search engine that doesn’t track users, as a b ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
10

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Source: MacNN   Full article at: MacNN
 

 
Update
9

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Source: MacNN   Full article at: MacNN
 

 
Update
8

1 hour ago

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Sep 18 2014 1:43pm CDT | Source: Pad Gadget

The way we listen to music is ever changing. Less than 30 years ago, vinyl was the main medium for albums, then it was cassette tapes. The CD took over by the 1990s, but didn’t really last because digital music took over, thanks in part to Apple’s iTunes. What format will music be delivered to us in the future? Will we eat it like a cupcake? Will it be injected into our blood stream? I doubt it, but these are the things that U2 and Apple are thinking about right now as they ...
Source: Pad Gadget   Full article at: Pad Gadget
 

 
Update
7

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What Apple Watch would look like if top fashion designers made it

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Apple Watch’s customization factor is going to be a huge sell to fashion-conscious, but for some would-be Apple Watch wearers wanting to stand out from the herd, Jony Ive’s simplistic design is a little too reserved. Not satisfied with Apple’s…Read ...
Source: Cult of Mac   Full article at: Cult of Mac
 

 
Update
6

1 hour ago

Apple CEO Tim Cook ups privacy to new level, takes direct swipe at Google

Sep 18 2014 1:27pm 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; //--> “Apple has updated its privacy policy as part of the rollout of iOS 8, announcing that devices with the latest version of the operating system installed can no longer be accessed by the company itself,” Cyrus Farivar reports for Ars Technica. “‘On devices runnin ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
4

1 hour ago

Apple Releases iAd Producer 5

Sep 18 2014 1:02pm CDT | Source: iClarified

Apple has released iAd Producer 5.0 for download.iAd Producer makes it easy for you to design and assemble rich interactive content without any programmingThis release contains a number of enhancements and fixes, including:● Support for creating iTunes Radio ads for Mac and Windows.● Code completion support for the built-in code editor.● Inline errors and warnings for JavaScript and CSS.● Ability to choose between four ...
Source: iClarified   Full article at: iClarified
 

 
Update
3

1 hour ago

Get to know iOS 8: New Camera tricks and a major overhaul of Photos

Sep 18 2014 1:00pm CDT | Source: Mac World

While we love to do many things with our iOS devices, the feature that often tops my list is taking and sharing photographs. In an age when we’re taking in new experiences faster than we can blog or tweet about them, snapping a quick image on the go can be just the thing to help us remember a good day on the beach. Apple’s iOS 8 packs in a ton of new photo-taking and editing features for its photogra ...
Source: Mac World   Full article at: Mac World
 

 
Update
2

1 hour ago

Woz: I’m dumping my Android phones! iPhone 6 is THAT good!

Sep 18 2014 12:59pm 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; //--> “Apple co-founder Steve Wozniak is one of the most likable guys in tech — but that doesn’t mean he always likes everything,” Eric Mack reports for CNET. “That Ashton Kutcher Steve Jobs biopic? Woz said it got a lot wrong. Wearables? Woz says they’re a hard sell. But ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
1

1 hour ago

Apple Releases Safari 7.1 With DuckDuckGo Search Engine, Encrypted Yahoo Searches, More

Sep 18 2014 12:54pm CDT | Source: iClarified

Apple has released Safari 7.1 to OS X Mavericks users bringing improvements to privacy, compatibility, and security.The Safari 7.1 update is recommended for all OS X Mavericks users and contains improvements to privacy, compatibility, and security.This update:● Adds DuckDuckGo, a search engine that doesn't track users, as a built-in option in the search field● Encrypts all Yahoo searches from the search field● Improves Reader compatibility with websites.● Improves AutoFi ...
Source: iClarified   Full article at: iClarified
 

 

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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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