In the last seven months, Apple's share value has fallen by more than 43 percent.
Apple (NASDAQ: AAPL) enjoyed its highest ever closing price on 19 September 2012, when a single share was valued at $702.10.
Since then, the firm's value has slid considerably, despite publishing FY2012 results in October that showed a 61 increase in net income and 'record' quarterly results in January 2013.
Tough at the top
As Business Insider points out, Apple's market value slide during the last seven months - equal to $291.42 billion worth of paper losses - amazingly exceeds the entire worth of the firm's smartphone rival Google by more than $25 billion.
According to commentators, though the company remains incredibly successful, its consistent failure to miss ambitious growth and earnings targets projected by analysts has left investors uncertain as to whether Apple has peaked.
What's more, the company's imminent financial results are expected to show a drop in quarterly revenues.
This shouldn't come as a surprise Apple projected this fall back in January, and its last set of quarterly results included the holiday shopping season but it's unlikely to help matters.
There's also a feeling that Apple will need to look to developing markets to maintain its growth perhaps by producing a lower-cost iPhone for the Chinese or Indian markets.
Top Stories
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Metacore's Teppo Soininen: “Anybody who has put a game into soft launch knows there’s still plenty of space for f*ck ups.”
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Angles 24 Freeplay Conference | Australasia | Jun 6th |
Game Audio Symposium 2024 | Europe | Jun 7th |
Future Games Show 2024 | Jun 8th | |
Xbox Games Showcase / [Redacted] Direct | Jun 9th | |
PC Gaming Show 2024 | Jun 9th | |
Steam Next Fest: June 2024 Edition | Jun 10th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
Popular Stories
as
Feature
Jun 3rd, 2024
May 2024 mobile game charts: Brawl Stars peaks, Supercell rises, and Dungeon & Fighter Mobile’s big China launch
Feature
May 29th, 2024