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...

Filed under: news

YouTube Videos

 
 
 

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

7 minutes ago

In China, online sellers already taking preorders for Apple’s unannounced ‘iPhone 6′

Jul 22 2014 10:28am 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 buzz around the coming launch of a pair of larger-screen iPhones has escalated in China with dozens of sellers on Alibaba’s online marketplace offering preorders for the new device,” Lorraine Luk reports for The Wall Street Journal. “Some Chinese online sellers ar ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
10

29 minutes ago

Video: Kobe Bryant talks meeting with Jony Ive, compares product design to basketball

Jul 22 2014 10:06am CDT | Source: 9to5Mac

In May, we broke the news that Los Angeles Lakers superstar Kobe Bryant spent the day in Cupertino, California with Apple Senior Vice President of Design Jony Ive. Today, in an interview with Bloomberg’s Jon Erlichman, Bryant confirmed the meeting with Ive and shared some details behind the discussions. Kobe said that he has been calling up leaders across industries to learn more about their processes. He says he asked Ive what goes into the pro ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
9

37 minutes ago

Best Buy Offering More Apple Sales With 15 Percent Off iTunes Gift Card

Jul 22 2014 9:58am CDT | Source: Pad Gadget

"Tammy" Apple Pie Truck
Best Buy might be the most prolific company around when it comes to offering discounts and deals on Apple products, today, as discovered by iDownloadBlog, the retail giant is offering $15 off of $100 iTunes gift card. The deal is quite simple. Visit the company’s website and add the $100 iTunes gift card to your cart. Upon checkout, you will only be charged $85. This is a physical card that will be mailed to you. The sale does ...
Source: Pad Gadget   Full article at: Pad Gadget
 

 
Update
8

40 minutes ago

Apple’s swagger returns as fever around new products builds

Jul 22 2014 9:55am CDT | Source: Mac Daily News

MIDEAST-ISRAEL-MICROSOFT-BALLMER
google_ad_client = "ca-pub-9654279268749293"; /* Article Body, 336x280, Above the fold */ google_ad_slot = "0670981169"; google_ad_width = 336; google_ad_height = 280; //--> “It would be unfair to say that Apple has got its mojo back this summer, since I’m sure the company and many of its fans would say it never lost it,” Chris O’Brien writes for The Los Angeles Times. “But as the tech g ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
7

46 minutes ago

Comparison Tests Find Google Now Performs Slightly Better Than Apple's Siri

Jul 22 2014 9:49am CDT | Source: iClarified

Engadget Presents Expand - Day 2
Google Now has bested Apple's Siri in comparison tests performed by Piper Jaffray analyst Gene Munster, reports AppleInsider. Google Now answered 84% of questions correctly; whereas, Siri answered 82% correctly. Munster's previous report from last December graded both Google Now and Siri with a C+. These July tests grade Siri with a B- and Google Now with a B.Siri's understanding has been improved significantly, according to the tests. Back i ...
Source: iClarified   Full article at: iClarified
 

 
Update
6

47 minutes ago

Apple patent granted today shows dockable ‘iTime’ watch concept as well as conventional smartwatch

Jul 22 2014 9:48am CDT | Source: 9to5Mac

US-ECONOMY-MORGAN STANLEY
A patent application filed by Apple three years ago and approved today illustrates a new twist on the iWatch concept: a sensor-packed strap acting as a dock which allows a range of interchangeable modules to be snapped into place. It’s not anything we’re likely to see make it into production: the docking concept dates back to 2011, and was probably intended by Apple to house an iPod Nano, converting it into a smartwatch i ...
Source: 9to5Mac   Full article at: 9to5Mac
 

 
Update
4

49 minutes ago

Should you upgrade to Apple’s iOS 8 beta 4 or OS X Yosemite developer preview 4?

Jul 22 2014 9:46am CDT | Source: App Advice

"Tammy" Apple Pie Truck
Note: This is the fourth and final report about whether the time is right to upgrade to beta versions of Apples two new operating systems, iOS 8 and OS X Yosemite.IntroductionOnMonday, Apple launched iOS 8 beta 4 andOS X Yosemite developer preview 4. It should be a few more weeksbefore final versions become available to the general public.When will that be? If recent history is any indication, expect bot ...
Source: App Advice  Full article at: App Advice
 

 
Update
3

1 hour ago

How iOS 8 will unlock the power of Apple’s Touch ID

Jul 22 2014 9:26am 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; //--> “As iOS 8 — and, presumably, new iPhone and iPad hardware — approaches its release day, big changes are on the horizon for Apple’s Touch ID, a technology that has been met with less enthusiasm than it deserves,” Ma ...
Source: Mac Daily News   Full article at: Mac Daily News
 

 
Update
2

1 hour ago

Numbers to consider ahead of Apple’s third quarter FY2014 earnings call

Jul 22 2014 9:22am CDT | Source: App Advice

"Tammy" Apple Pie Truck
Apple is scheduled to hold its third quarter results conference call at 2 p.m. PDT.Before they do, some numbers to consider:$35.32 billionApple reported revenue of $35.32 billion during the third quarter of 2013. This included a quarterly net profit of $6.9 billion, or $7.47 per diluted share.The consensus estimate among Apple analysts are for earnings of $1.26 per share on sales of $38.31 billion, according to Fortune.14.62 millionDuring the third quarter of 2013, Apple sold ...
Source: App Advice  Full article at: App Advice
 

 
Update
1

1 hour ago

AAPL Q3 2014 Earnings Report Set for Tuesday Afternoon

Jul 22 2014 9:18am CDT | Source: The Mac Observer

"Tammy" Apple Pie Truck
Apple's third fiscal earnings report for 2014 is scheduled to start this afternoon at 5PM eastern time after the market closes. The conference call for analysts and investors will include the company's quarterly revenue and profit numbers, as well as sales figures for the iPhone, iPad and Mac product lines. The Mac Observer will be at the ready with our usual event coverage, s be sure to check in with us for the latest on Apple's revenue and product sal ...
Source: The Mac Observer  Full article at: The Mac Observer
 

 

Don't miss ...

 

<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.

 

blog comments powered by Disqus

Latest stories

5 awesome paid iPhone and iPad apps that are free for a limited time
5 awesome paid iPhone and iPad apps that are free for a limited time
Did you miss out on any of the awesome paid iPhone and iPad apps we’ve shared with you over the past few days that have gone on sale for free for a limited time? Don’t worry… we’ve got five more for you today....
 
 
Nvidia Shield Tablet: Mobile Gaming Strategy Gains Clarity
Nvidia Shield Tablet: Mobile Gaming Strategy Gains Clarity
Nvidia announced today two new members of the SHIELD family, the SHIELD tablet and the SHIELD controller for gaming. This comes on the heels of the Nvidia SHIELD portable released a year ago.  I think the SHIELD tablet...
 
 
Will Investors Get Excited If Apple Only Beats EPS By A Dime?
Will Investors Get Excited If Apple Only Beats EPS By A Dime?
One of the consequences of Apple doing a 7 for 1 stock split is that it will make any EPS beat look materially smaller than before the split. While Tim Cook has provided guidance that is more in-line with what the...
 
 
Apple’s iPhone 6 launch will be even bigger than anyone imagined
Apple’s iPhone 6 launch will be even bigger than anyone imagined
Apple has told suppliers to make between 70 million and 80 million combined 4.7-inch iPhone 6 and 5.5-inch iPhone 6 units by December 30, The Wall Street Journal has learned from sources familiar with the matter, in...
 
 
 

Latest from the Network

5 awesome paid iPhone and iPad apps that are free for a limited time
Did you miss out on any of the awesome paid iPhone and iPad apps we’ve shared with you over the past few days that have gone on sale for free for a limited time? Don’t worry… we’ve got five more for you today....
Read more on Apple Balla
 
Nvidia Shield Tablet: Mobile Gaming Strategy Gains Clarity
Nvidia announced today two new members of the SHIELD family, the SHIELD tablet and the SHIELD controller for gaming. This comes on the heels of the Nvidia SHIELD portable released a year ago.  I think the SHIELD tablet...
Read more on Apple Balla
 
Joko Widodo wins Indonesian presidential election
Jakarta, July 22 (IANS) Governor of Indonesia's capital city Jakarta Joko Widodo was Tuesday declared elected Indonesia's new president after the General Election Commission (KPU) settled the vote tally. Making the...
Read more on Politics Balla
 
Will Investors Get Excited If Apple Only Beats EPS By A Dime?
One of the consequences of Apple doing a 7 for 1 stock split is that it will make any EPS beat look materially smaller than before the split. While Tim Cook has provided guidance that is more in-line with what the...
Read more on Apple Balla
 
Naomi Watts for Demolition?
Naomi Watts in talks to star in 'Demolition'. 'The Impossible' actress is in negotiations to appear alongside Jake Gyllenhaal in the upcoming drama, which is to be directed by 'Dallas Buyers Club' filmmaker Jean-Marc...
Read more on Movie Balla
 
Bradley Cooper had never met Vin Diesel
Bradley Cooper had never met his 'Guardians of the Galaxy' co-star until they appeared together on a talk show to promote the finished film. The 39-year-old actor provides the voice for Rocket the racoon in the upcoming...
Read more on Movie Balla
 
Scandal-hit Mexico shelter centre of physical abuse
Mexico City, July 22 (IANS/EFE) More than 150 abuse complaints have been filed against the La Gran Familia shelter in the western Mexican state of Michoacan, where 500 children who lived in squalid conditions were...
Read more on Politics Balla
 
Lovato takes help from Pinterest for hair looks
Los Angeles, July 22 (IANS) Pop star Demi Lovato says she takes hair style inspiration from Pinterest, a visual discovery tool. The 21-year-old, who currently sports lavender and silver ombré-coloured tresses, gets...
Read more on Celebrity Balla
 
Gaza toll 609 as Israeli offensive rages on
Gaza/Jerusalem, July 22 (IANS) The relentless Israeli military campaign dubbed Operation Protective Edge targeting the Gaza Strip, which has lasted for more than two weeks, has killed over 600 Palestinians and wounded...
Read more on Politics Balla
 
China's rotten meat scandal spreads to Japan (Roundup)
Beijing/Tokyo, July 22 (IANS) A rotten meat scandal which led several fast food chains to withdraw some of their most popular dishes in China this week spread to Japan Tuesday, as McDonald's announced it had stopped...
Read more on Politics Balla