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Posted

[quote]
Apple's market capitalization dropped below $400 billion in trading Monday morning for the first time since January 2012, with shares trading around $424, down 1.43 percent from Friday's close. The news further underscores the company's stunning [url="http://www.theverge.com/2012/12/17/3776218/apple-stock-dips-below-500-pre-market-trading"]reversal of fortune on the stock market[/url] over the past few months after a [url="http://www.macrumors.com/2012/09/17/apples-stock-price-breaks-through-700-sets-new-all-time-records-for-price-and-market-cap/"]peak market cap of over $650 billion[/url] ahead of the launch of the iPhone 5 in September 2012. Just last week at Apple's annual shareholder meeting, [url="http://www.theverge.com/2013/2/27/4036272/tim-cook-apple-shareholder-meeting"]CEO Tim Cook openly expressed dismay[/url] at the company's tumbling stock price, saying "I don't like it either" and "neither does the board or management[...]but we're focused on the long term." At least one part of that long-term game plan seems to be coming to light, with new reports emerging Monday that Apple is on track to [url="http://www.theverge.com/2013/3/4/4062448/apple-watch-will-run-ios-and-arrive-later-this-year-say-sources"]launch an iWatch by the end of this year.[/url]
[/quote]

http://www.theverge.com/2013/3/4/4063054/apple-market-cap-falls-below-400-billion-first-time-year

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Posted

Did people really think that those share prices accurately reflected the value of the company? I do think that Apple make good products, but come on, their market cap has been riding the hype wave for a good two years now. Hopefully it will settle in a much more reasonable place.

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Posted

[quote name='Majesticmerc' timestamp='1362428355' post='595557602']
Did people really think that those share prices accurately reflected the value of the company? I do think that Apple make good products, but come on, their market cap has been riding the hype wave for a good two years now. Hopefully it will settle in a much more reasonable place.
[/quote]

blasphemy!!!! Apple is worth every single over hyped cent!!!!! </s>

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Posted

Whhhaaat?? And right after NYPD enact an iDevice theft recovery team? [url="http://www.alertboot.com/blog/blogs/endpoint_security/archive/2013/02/25/apple-iphone-protection-nypd-team-dedicated-to-apple-device-recovery.aspx"]http://www.alertboot...e-recovery.aspx[/url]

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Posted

[quote name='Majesticmerc' timestamp='1362428355' post='595557602']
Did people really think that those share prices accurately reflected the value of the company? I do think that Apple make good products, but come on, their market cap has been riding the hype wave for a good two years now. Hopefully it will settle in a much more reasonable place.
[/quote]

Agreed. What we're seeing here is an adjustment of an overvalued stock, nothing more...

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Posted

[quote name='srbeen' timestamp='1362430455' post='595557654']
Whhhaaat?? And right after NYPD enact an iDevice theft recovery team? [url="http://www.alertboot.com/blog/blogs/endpoint_security/archive/2013/02/25/apple-iphone-protection-nypd-team-dedicated-to-apple-device-recovery.aspx"]http://www.alertboot...e-recovery.aspx[/url]
[/quote]
Neowin covered that too you know :rofl:

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Posted

It's amazing how quickly their fortunes have fallen.

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