September 12, 2012 |
Apple's stock barely budged after the technology giant unveiled the iPhone 5, which it bills as the world's thinnest smartphone. Investors seemed to shrug off the announcement -- but that's not entirely shocking. Apple shares have, on average, fallen 1.4% the day the company launched all of the previous incarnations of the iPhone, according to Morgan Stanley. PHOTOS: Apple iPhone 5 The investment bank said the week after Apple announcements haven't been all that hot either.
January 15, 2013 |
Monday, Apple's stock slipped below $500 per share for just the briefest of moments before climbing back above the psychologically important barrier. But today, the stock fell straight through $500 and just kept on going. In midday trading, the stock was down $14.35, or 2.86%, to $ 487.40. Update: The stock finished the day down $15.83 or 3.15% to $ 485.92. In my story on the anxiety surrounding the stock, I noted that the stakes for Apple's earnings report on Jan. 23 seemed to be growing by the day. QUIZ: Test your Apple knowledge Echoing that sentiment Tuesday was a research note from Barclay's titled "Preparing for the Most Important Conference Call in Years.
January 23, 2013 |
Apple investors will soon find out whether their fears are founded, as the tech juggernaut is set to report its fiscal first-quarter earnings Wednesday afternoon. [For the Record, 7:32 a.m. Jan. 23: An earlier version of this post stated that Apple was due to report its fourth-quarter earnings. It is to report its fiscal first-quarter earnings. ] Apple's stock has fallen nearly 30% since September, in a sell-off fueled by reports of waning iPhone 5 sales and questions over whether Tim Cook can lead the company through the post-Steve Jobs era. Investors also worry that Apple could be losing market share to rivals, or that profits could suffer if it makes cheaper phones and tablets. Apple won't report its earnings until after the closing bell on Wall Street.
December 5, 2012 |
You know things have gotten bad for Apple Inc.'s battered stock price when analysts start pointing to something called a "death cross" as the best hope for salvation. Before I explain just what the morbid-sounding term means, let's review the carnage from Wednesday's trading. Apple's shares fell 6.4% on Wednesday, tumbling $37.05 to close at $538.79. On a percentage basis, that's the largest one-day drop in four years. If you're keeping score at home, Apple just lost $34.9 billion in market cap. In one day. In case that didn't make your jaw hit the floor, consider this: Apple lost more market cap Wednesday than either Hewlett-Packard Co.
April 2, 2012 |
One analyst is predicting that Apple stock will hit $1,001 in the next 12 months. Some people might call that number crazy, but Brian White, an analyst with Topeka Capital Markets who authored a report released Monday called "Apple Fever has More to Run," said if anything the valuation might be too conservative. "All we're doing is putting a 17 multiple on the earnings for 2013 and then adding back $103.66 cash," he said. "I think it's a conservative number. For most of its history Apple's growth rate was 86% a year.
January 24, 2013 |
Apple's stock opened trading Thursday down $55.27, or 10.75%, to $ 458.73 as investors reacted to a first-quarter earnings report that was deemed disappointing and the company's reduced outlook for growth. The trend confirmed the beating Apple's stock in after-hours trading Wednesday, when shares are much more thinly traded. The stock had closed Wednesday before the earnings report was released at $514.01. After the earnings report was released, showing record revenue but flattening profits, the stock was pummeled in after-hours trading that drove it down $54.24, or 10.55%, to $ 459.76.