Can Apple’s Stock Recover Without Steve Jobs?
Apple’s stock is going down like a plane in flames sinking 12 percent on its biggest fall since the 2008 Wall Street crash. That’s $60 dollars per share just after they announced one of its best quarters in history … but still under analysts’ expectations, who think the company is slowing down because its markets are saturated
Apple’s stock is going down like a plane in flames sinking 12 percent on its biggest fall since the 2008 Wall Street crash. That’s $60 dollars per share just after they announced one of its best quarters in history… but still under analysts’ expectations, who think the company is slowing down because its markets are saturated. The markets they created.
Apple’s shares started going down after last September’s high, when its shares closed above the $700 mark. The Cupertino company has lost $226 billion in market value since then. The times in which Apple closed above Exxon as the world’s most valuable company feel very far away too. (Remember this?)
No, the real bad news is the fact that industry experts are seeing signs of slow down for Apple products. They are still selling well, but they are stabilizing (which is a slow down). This may explain the iPhone parts order cut reported by the Wall Street Journal and the New York Times.
This Article was originally posted in Gizmodo
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Gizmodo Gizmodo is a technology weblog about consumer electronics. It is part of the Gawker Media network run by Nick Denton and is known for its up-to-date coverage of the technology industry, along with topics as broad as design, architecture, space, and science.
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