Sign in to follow this  

Apple's market cap falls below $400 billion for first time in over

Recommended Posts

techbeck    4,794

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 reversal of fortune on the stock market over the past few months after a peak market cap of over $650 billion ahead of the launch of the iPhone 5 in September 2012. Just last week at Apple's annual shareholder meeting, CEO Tim Cook openly expressed dismay 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 launch an iWatch by the end of this year.

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

Share this post


Link to post
Share on other sites
+Majesticmerc    871

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.

Share this post


Link to post
Share on other sites
neufuse    2,669

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.

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

Share this post


Link to post
Share on other sites
M_Lyons10    452

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.

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

Share this post


Link to post
Share on other sites
n_K    1,593

Whhhaaat?? And right after NYPD enact an iDevice theft recovery team? http://www.alertboot...e-recovery.aspx

Neowin covered that too you know :rofl:

Share this post


Link to post
Share on other sites
Growled    3,880

It's amazing how quickly their fortunes have fallen.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.