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

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Apple's new A8X powered iPad Air 2 smokes new Android tablets, including Nvidia's Tegra K1 Shield Tablet

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New Geekbench processor benchmarks show Apple's triple core, 64-bit A8X Application Processor is dramatically faster than the latest Android tablets, despite their additional cores ...
Source: Apple Insider  Full article at: Apple Insider
 

 
Update
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The iPad Air 2 only recently started shipping with delivery dates of October 22nd and 23rd, and it appears the first devices have been delivered to Australian owners over the past few hours, as several 9to5Mac readers have tipped us. At least one device in the wild was tested on Geekbench recently, revealing some interesting undisclosed facts about Apple’s A8X processor. iPad Air 2 buyers in the United States an ...
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Update
9

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GT Advanced and Apple have reached a deal that will see the two companies dissolving their partnership, according to documents submitted to the court earlier today, reports The Wall Street Journal. According to GT Advanced attorney Luc Despins, the agreement between the two companies marks an "amicable parting of the ways." Under the terms of the deal, GT Advanced will sell off more than 2,000 sapphire fur ...
Source: Mac Rumors   Full article at: Mac Rumors
 

 
Update
8

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Apple's not the leader in everything: Google and Facebook continued to pour millions of dollars into political lobbying in the third quarter in attempts to influence U.S. lawmakers and have legislation written in their favor. Google s ...
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Update
7

1 hour ago

GT Advanced Reaches Deal With Apple, Gets Permission to Wind Down Sapphire Production

Oct 21 2014 5:21pm CDT | Source: iClarified

GT Advanced was granted court permission to wind down sapphire production after it reached a deal with Apple over contract and confidentiality matters, reports Bloomberg. The company also got permission from U.S. Bankruptcy Judge Henry Boroff to pay incentives to some employees.GT Advanced and Apple, which announced a supply agreement less than a year ago, have arrived at an “amicable parting of ways,” Luc Despins, an attorney for the debtor, ...
Source: iClarified   Full article at: iClarified
 

 
Update
6

1 hour ago

Apple CEO Tim Cook: ‘My own judgment is that iPad has a great future’

Oct 21 2014 5:06pm 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 following is a transcription of Apple CEO Tim Cook’s statements regarding iPad from yesterdays Q414 conference call with analysts, verbatim: I’d take a step back on iPad. I know that there’s a lot of negative commentary in the markets on this, but I ha ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
4

2 hours ago

Apple and GT Advanced Technologies amicably part ways

Oct 21 2014 5:00pm CDT | Source: Cult of Mac

Apple is in the market for a new sapphire supplier. GT Advanced Technologies and Apple have reached an agreement that will see the two companies amicably parting ways, after the sapphire supplier filed for chapter 11 bankruptcy earlier thi ...
Source: Cult of Mac   Full article at: Cult of Mac
 

 
Update
3

2 hours ago

9to5Toys Last Call: SanDisk 64GB iOS Flash Drive $68, Belkin Bluetooth car kit $28, Intel 120GB SSD $60, more

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Be sure to follow 9to5Toys to keep up with the best gear and deals on the web: Twitter, RSS Feed, Facebook, Google+ and Safari push notifications. Today’s can’t miss deals: SanDisk Connect Wireless iOS Flash Drive: 64GB for $68 (Reg. $100) and 32GB for $45 (Reg. $60) Add Bluetooth to your car – Belkin Hands-Free Bluetooth Car Kit: $27.58 AC shipped 2.5-inch Solid-State Drives: Intel 530 Series 120GB $60 (orig. $150), Crucial m4 256GB (refurb) $85 (orig. $300) Apple’s form ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
2

2 hours ago

GT Advanced reaches deal to part ways w/ Apple, will sell sapphire furnaces to pay debt

Oct 21 2014 4:45pm CDT | Source: 9to5Mac

Following a report last week that Apple was seeking to keep its involvement in its sapphire supplier GT Advanced’s Chapter 11 bankruptcy filing secret, today Bloomberg reports that GT Advanced and Apple have reached an agreement that will allow the two companies to part ways. Lawyers for GT Advanced said the deal “will save millions of dollars and solve most issues” and be an “amicable parting of ways,” according to the rep ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
1

2 hours ago

Apple Pay: How to activate and use it outside of the U.S.A.

Oct 21 2014 4:28pm 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 Pay launched on Monday with iOS 8.1, allowing iPhone 6 and 6 Plus owners to make contactless payments via NFC with Touch ID for authentication,” Kelly Hodgkins reports for MacRumors. “Though the initial launch is occurring in the United States where Apple has focused its e ...
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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