Despite launching the fastest-selling iPhone to date just over a month ago, in addition to a new iPad mini that’s sure to be a big hit this Christmas, Apple is suffering from a surprising yet swift decline in stock value. Just weeks after reaching a $705 high, it now sits at its lowest price in over five months.
Many will dismiss the decline as a rare dip, confident that Apple will bounce back bigger and stronger than before. But others are questioning its ability to do so with ever increasing competition from its rivals. ABC Nightline asks whether Apple has “lost its shine.”
ABC makes some very good points. Apple has suffered the uncharacteristically bad launch of Maps in iOS 6 recently, and it now has bigger competition than ever before — particularly from the likes of Samsung and Google.
Others would also note that the company is no longer innovating in the same way, and that it’s choosing to play it safe when it comes to new products as opposed to daring to try something new.
However, Apple’s iPhone 5 is still selling like hot cakes, the company is taking off in China at a rapid pace, and the iPad mini — starting at $329 — is sure to be a smash-hit this Christmas. This is sure to help Apple dig itself out of the five-month low.