Apple stock hits its lowest point in 57 weeks
During the mid-morning today, AAPL stock hit a low point of 431.89 it’s lowest point since the end of January last year. That was the day before Apple hosted its Q1 2012 earnings call, when it hit $420.5. As I’m writing this, the stock is sitting at around 433.70 which – compared to the dizzying heights of September 2012′s high point of 720 – seems very low. It’s clear, investors are not confident in Apple at all, and want the company to come up with something groundbreaking. A record-breaking quarter is obviously not enough to please them.
While Apple’s stock market valuation is in a state of decline, the company still continues to make a lot of money and sell millions of devices each week. Apparently, to please investors, Cupertino’s designers will have to invent a time machine before they start trading AAPL shares again.
Via: Fortune
What goes up must come down. Its the law of gravity. Look at Blackberry a few years ago. They were on top of the world. That they said our tech is the best no need to change. Apple is the same way. Its funny how history repeats itself.
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