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.