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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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

2 hours ago

Costco to Start Selling AppleCare+ for iPhone and iPad Tomorrow

Aug 27 2014 10:09pm CDT | Source: iClarified

Costco is set to begin selling AppleCare+ for iPhone and iPad in its wireless kiosks tomorrow, according to a leaked memo posted by 9to5Mac.Starting tomorrow 8/28, the Wireless Kiosk will begin selling AppleCare+ warranties on iPhones and iPads (connected/embedded iPads only). *This does not apply to non-embedded iPads sold on Majors sales floor.Costco had stopped selling iPods and iTunes Store gift cards back in 2010 but in June it announced a new deal with Apple ...
Source: iClarified   Full article at: iClarified
 

 
Update
10

2 hours ago

LG announces G Watch R with circular display ahead of Apple's anticipated 'iWatch' reveal

Aug 27 2014 9:51pm CDT | Source: Apple Insider

In what could be a move to get word out before an expected Apple iWatch announcement takes the air out of the room, LG on Wednesday took the wraps off its G Watch R, an upcoming Android Wear smartwatch that boasts a completely round di ...
Source: Apple Insider  Full article at: Apple Insider
 

 
Update
9

2 hours ago

Samsung and LG unveil more smartwatches ahead of alleged iWatch/iBand next month

Aug 27 2014 9:44pm CDT | Source: 9to5Mac

Just a few hours after yet another report emerged claiming that Apple would be taking the wraps off of its new wearable at an event next month, both LG and Samsung have announced new wearable devices tonight. LG has officially unveiled the G Watch R this evening, which features a 1.3-inch Plastic OLED display that is a full 360 degrees, unlike the Moto 360, which has an are of dead space at the bottom of the display. Motorola claims that the ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
8

2 hours ago

Apple once again denied US sales ban on patent-infringing Samsung devices

Aug 27 2014 9:37pm CDT | Source: App Advice

Apple has once again failed to secure a ban on the sales in the U.S. of Samsung smartphones and tablets that have been found to infringe on its patents.According to a new report by Bloomberg, U.S. District Judge Lucy Koh denied Apple’s request, even as it already constituted a “narrowly tailored” ban following Koh’s second rejection last month.For its latest request, Apple suggested a more limited injunction on Samsung products, including t ...
Source: App Advice  Full article at: App Advice
 

 
Update
7

3 hours ago

WSJ: Apple, Pearson to re-bid on LA school district tablet program

Aug 27 2014 8:51pm CDT | Source: MacNN

The Wall Street Journal has confirmed that both Apple and educational curriculum and textbook publisher Pearson will re-bid on a new contract to supply the LA United School District (LAUSD) with computer and tablet options as part of a program that could eventually grow to $500 million. Both companies were the core of the previous contract that would have seen all students receiving iPads, but questions of cost overruns, problems and lack of transparency co ...
Source: MacNN   Full article at: MacNN
 

 
Update
6

7 hours ago

Apple loses bid for sales ban in Samsung patent case

Aug 27 2014 5:05pm CDT | Source: Mac World

A U.S. judge has denied Apple’s request for a permanent sales ban in a patent infringement lawsuit against Samsung in California. Apple had asked the court to block Samsung from selling phones and tablets that include patented technologies that a jury found Samsung infringed earlier this year. But in her order Wednesday, Judge Lucy Koh of the federal district court in San Jose, California, said Apple failed to show it suffered “irreparable harm” as a result of Samsung’s actions. “A ...
Source: Mac World   Full article at: Mac World
 

 
Update
4

7 hours ago

Apple’s A8 processor launch and its impact on Intel’s mobile CPUs

Aug 27 2014 5:00pm 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; //--> “When Apple introduces their new version of the iPhone 6 in the weeks ahead, I expect them to take an extraordinary amount of time to position its 20nm A8 processor as significantly better than Intel’s 14nm Broadwell across the full range of its mobile product line,” ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
3

7 hours ago

A nostalgic look at the Macintosh Portable, Apple's first laptop

Aug 27 2014 4:30pm CDT | Source: TUAW

The Macintosh Portable, Apple's first laptop and the first consumer laptop to travel into space, was released in 1989. Groundbreaking in its day, the laptop was still a bulky travel companion, roughly the size of the phone book at fou ...
Source: TUAW   Full article at: TUAW
 

 
Update
2

8 hours ago

Why Apple’s iPhone 6 will be a game changer

Aug 27 2014 3:57pm 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; //--> “The new, upsized iPhone 6 is likely to usher in a new era for Apple this fall, giving the tech giant the boost it’s been needing, according to one expert,” CNBC reports. “‘It’ll be a game ch ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
1

10 hours ago

Apple to unveil wearable device at September 9th special event

Aug 27 2014 2:24pm 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 now plans to unveil a new wearable alongside the two next-generation iPhones we told you the company will debut on September 9,” John Paczkowski reports for Re/code. “The new device will, predictably, make ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 

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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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