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

25 minutes ago

Microsoft Launches New Cortana vs. Siri Ad Showing Off Context-Aware Reminders

Jul 28 2014 2:56am CDT | Source: Mac Rumors

Street Style - London Collections: Men SS15
Microsoft today launched a new commercial comparing its new Cortana virtual assistant to Apple's virtual assistant Siri, demonstrating how the former is able to perform contextually-aware tasks using a number of services. Titled "Happy Anniversary", the commercial shows Cortana and Windows Phone 8.1 running on the Nokia Lumia 635 as the narrator makes commands related around a w ...
Source: Mac Rumors   Full article at: Mac Rumors
 

 
Update
10

1 hour ago

Apple Close to Acquiring Radio Streaming Service Swell for $30 Million

Jul 28 2014 2:05am CDT | Source: Mac Rumors

Apple is close to acquiring talk radio curation service Swell for about $30 million, reports Re/code. Swell's iOS app launched last year and allows users to listen to streaming audio from iTunes, NPR, ABC, ESPN and others through a design that emphasizes simplicity. As a part of the acquisition, Swell will shut down its iOS app this week as its CEO Ram Ramkumar and other members of its de ...
Source: Mac Rumors   Full article at: Mac Rumors
 

 
Update
9

1 hour ago

Apple to Acquire Swell Radio App for $30 Million?

Jul 28 2014 1:26am CDT | Source: iClarified

Apple is close to acquiring the Swell Radio app for around $30 million, reports Re/code.Swell Radio lets you listen to personalized audio news and information for free from your mobile device. It offers access to unlimited streaming audio from iTunes, NPR, ABC, ESPN, BBC, CBC, TED and more.Swell has a simple UI that lends itself to in-car listening and a high 4.5 star rating; however, it reportedly had trouble finding a lot of users. Share Article:Facebook,   Twitter,   LinkedIn,   Google ...
Source: iClarified   Full article at: iClarified
 

 
Update
8

1 hour ago

Apple to acquire Swell talk radio and podcast app for $30 million

Jul 28 2014 1:22am CDT | Source: 9to5Mac

Apple Store Soho Presents: Meet The Actor: Nat Faxon, "Married"
Apple appears to be looking to further improve the iTunes Radio service through the $30 million acquisition of a radio application called Swell, Re/code reported early Monday morning. Unlike the $3.2 billion Beats Electronics (and Beats Radio) buyout, however, this purchase centers more on talk radio than music. Swell currently carries news from sources such as NPR, ABC, ESPN, the BBC, and more, and uses a user’s listening ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
7

2 hours ago

Apple News: iPhone 6 Launch Dates, iWatch Patents, And Where To Find Those MacBook Stickers

Jul 28 2014 12:57am CDT | Source: I4U News: Apple

Apple Store Soho Presents: Meet The Actor: Nat Faxon, "Married"
Taking a look back at another week of news from Cupertino, this week’s Apple Loop covers Apple’s Fall launch events, mobile payments in the next iPhone, a ...
Source: I4U News: Apple   Full article at: I4U News: Apple
 

 
Update
6

10 hours ago

Apple Stores to open up iPhone sales via AT&T Next, T-Mobile JUMP & Verizon Edge

Jul 27 2014 4:25pm CDT | Source: 9to5Mac

CEO Tim Cook Visits Beijing
Apple is preparing a significant expansion of its iPhone sales capabilities in its official retail stores, according to sources. Late in August, many Apple Stores in the United States will kick off a pilot program for customers to be able to purchase a new iPhone via the latest carrier upgrade programs: AT&T Next, T-Mobile JUMP, and Verizon Edge. Currently, iPhones bought at Apple Stores must either be purchased on a two-year deal, or at full-price (unlocked) with no contract ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
4

11 hours ago

Amazon apparently set to launch Square competitor next month as it preps biometric payment tools

Jul 27 2014 3:34pm CDT | Source: 9to5Mac

Amazon Fire Phone Goes On Sale
Amazon could be preparing to launch its own mobile credit card reading hardware in the coming weeks, according to internal Staples documents hinting at such a launch that we’ve obtained. According to the documents, Staples stores will prepare next month to stock a new product called the “Amazon Card Reader” alongside existing card readers from Square, PayPal, and Staples’ own in-house brand. The small hardware, which will likely co ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
3

12 hours ago

Unverified Apple Store photo teases faster Retina MacBook Pros with 16GB of RAM across the board

Jul 27 2014 3:02pm CDT | Source: 9to5Mac

  An image posted on a Chinese forum, claimed to have been taken inside of Apple’s new Paradise Walk store, indicates that Apple could be preparing to release an updated line of Retina MacBook Pros in the near-future. The image appears to be from one of Apple’s iPad Smart Signs within the store, and the sign advertises 15-inch MacBook Pros with technical specifications and features not found in the current ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
2

13 hours ago

Chart Suggests Speed-Bumped 15-Inch Retina MacBook Pros with 16GB of RAM Standard Coming Soon

Jul 27 2014 2:16pm CDT | Source: Mac Rumors

Apple may be planning to launch a slightly refreshed line of 15-inch Retina MacBook Pros complete with faster Haswell processors and 16GB of RAM standard, according to a photo said to have come from the company's Chongqing, China store (via BBS Feng, Google Translate). The purported pricing chart shows two standard configurations priced at 14,288 yuan and 18,688 yuan, which is the same as Apple ...
Source: Mac Rumors   Full article at: Mac Rumors
 

 
Update
1

15 hours ago

IDC and Gartner numbers do not jibe with Apple’s double digit U.S. Mac growth

Jul 27 2014 11:39am 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 reported ‘strong double digit growth’ in its Mac sales in the U.S., directly contradicting the earlier estimates published by IDC and Gartner that stated Apple’s U.S. Mac sales fell year-over-year in the June quarter and calli ...
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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