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

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Source: Cult of Mac   Full article at: Cult of Mac
 

 
Update
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Source: The Mac Observer  Full article at: The Mac Observer
 

 
Update
9

1 hour ago

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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 story that Apple tried for three weeks to suppress is now part of the public record,” Philip Elmer-DeWitt reports for Fortune. “When Apple’s chief supplier of sapphire filed for bankruptcy three weeks ago, included in the court documents was a sealed affidavit offered by Dani ...
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Source: Apple Insider  Full article at: Apple Insider
 

 
Update
7

1 hour ago

Yahoo Finance: ‘Apple Pay Sides With Credit Card Industry Over Consumer Interests’

Oct 29 2014 4:51pm CDT | Source: Daring Fireball

Aaron Pressman, writing for Yahoo Finance: Apple has regularly delighted its customers with cool products on its way to becoming the most valuable company in the United States. But it hasn’t always stood up for its customers’ best economic interests. Take the case of Apple Pay. Apple partnered with the three major credit card networks, Visa, Mastercard and American Express and the big bank card issuers such as JP Morgan Chase. That is likely a smart move from a business perspective, becau ...
Source: Daring Fireball   Full article at: Daring Fireball
 

 
Update
6

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iOS 8 Now On Half of All Apple Mobile Devices

Oct 29 2014 3:55pm CDT | Source: Pad Gadget

After Oct. 20, when Apple updated its mobile operating system to 8.1, iOS saw a spike in adoption. Thanks to such things as Continuity, iCloud Drive, iPhoto Library, and Apple Pay, users were ready to update. According to Apple’s developer webpage, since Oct. 5, has increased by five percent and passed the halfway mark to 52 percent. While still not as quickly adopted as iOS 7, Apple’s newest operating system is gaining steam. Early adoption reports of i ...
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Update
4

3 hours ago

Apple’s Beats Music streaming service lags behind Spotify and Pandora

Oct 29 2014 3:28pm CDT | Source: App Advice

The Apple-owned Beats Music subscription service has some catching up to do in the crowded music marketplace.First reported by CNET, new figures from App Annie show that Beats lagged behind both Pandora and Spotify. Those two apps, in the month of September, tallied more downloads and brought in more revenue than Beats. Those figures include both the App Store and Android’s Google Play Store.On the revenue side ...
Source: App Advice  Full article at: App Advice
 

 
Update
3

3 hours ago

GT Details Apple's 'Oppressive and Burdensome Terms', Reveals What Went Wrong

Oct 29 2014 2:49pm CDT | Source: iClarified

GT Advanced has detailed the history of its relationship with Apple, the company's 'oppressive and burdensome terms', and what went wrong leading up to its declaration of bankruptcy.Earlier this month, the company officially announced a settlement agreement with Apple under which GT will wind down sapphire materials production and exit from the market as a producer of sapphire materials. The company will refocus its business as an equipment supplier, manufacturing and d ...
Source: iClarified   Full article at: iClarified
 

 
Update
2

4 hours ago

Apple in talks to bring iPhone to Iran

Oct 29 2014 2:36pm CDT | Source: MacNN

Apple is talking to Iranian distributors about the possibility of selling the iPhone in the country, sources tell the Wall Street Journal. Senior Apple executives have reportedly met with the distributors at the former party's London headquarters. If the iPhone does become available in Iran, it will be through premium resellers, rather than Apple itself, which has no direct footprint to speak of. "Over a dozen" ...
Source: MacNN   Full article at: MacNN
 

 
Update
1

4 hours ago

GT Advanced COO Blames Apple's Strict Sapphire Contract Terms for Bankruptcy Filing

Oct 29 2014 2:32pm CDT | Source: Mac Rumors

GT Advanced's Chief Operating Officer Daniel Squiller yesterday filed some revised documents with the court, giving a bit more insight into what went wrong between Apple and GT Advanced that led to the latter company's Chapter 11 bankruptcy filing. Shared by Fortune, Squiller's affidavit [PDF] delves further into the contractual obligations outlined in its agreement with Apple, which led to huge losses of money as the contract was highly favorable to Apple. It was ...
Source: Mac Rumors   Full article at: Mac Rumors
 

 

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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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