After months of steady growth, Apple stock hit an all-time high of $705.07 in late September, and it seemed there was no sign of stopping it from breaking through the $1,000 barrier and making Apple the world’s first trillion dollar company. Take a look at the market today, however, and it paints a very different picture.
Apple stock fell a whopping 25% in November, and on Friday, it hit a ten-month low. Today, shares dipped below the $400 mark. This is despite the recent launch of the iPhone 5 and the iPad mini, both of which appear to be selling incredible well. Can the Cupertino company put an end to this nasty slide? Analysts don’t think so.
Apple stock has reached its lowest point in five months.
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.”
You’re probably going to see a lot of stories like this in the coming weeks. Apple stock opened at a record $680 a share this morning, on the first day of trading following the Cupertino company’s massive victory over Samsung on Friday. This surpasses its previous record of $674.88 a share, which was hit last Tuesday, August 21, and it pushes Apple’s market capitalization to a new high of $637 billion.
Last week, analyst Andy Zaky revealed that investors are scrambling to plough their money into Apple before the company releases its iPhone 5, and that its stock price will continue to rise for the foreseeable future. And unsurprisingly, Zaky was right. Apple stock hit an all-time high of $636.64 last Friday, but that’s nothing compared to today’s price of $660.73, which makes Apple the most valuable publicly-traded stock of all time.
Apple stock hit an all-time high of $636.64 per share on Thursday, and today that price continues to rise. The last time Apple jumped above $630 a share was back in April, right before its share price began a six-week decline that knocked $115 off the price — and $100 billion off Apple’s market cap — when it ended on May 18.
It’s unlikely we’ll see a repeat of that now, however. According to one analyst, investors are so keen to plough their money into Apple before the iPhone 5 sends share prices rocketing that there’s no sign of those prices dropping anytime soon.
Recording a musical masterpiece with GarageBand for iPad is fairly straightforward, especially when using the “smart” instruments to layer a song together. However, if you don’t get the music out of your iPad, no one will hear it. If no one hears it, how will you know how amazing it is? Let’s take a look at some basic mixing and sharing features of GarageBand for iPad.
Sharing photos from the iPhone is great in a pinch, but wouldn’t it be nice to see them on a much bigger screen? Say, a computer screen, or in a web browser? Guess what? The folks at Scalado AB have solved this problem for you already! Their app, Scalado PhotoBeamer, is available now for a mere $0.99, and they claim to allow you to share photos to any browser.
The new iPad is already making its mark on internet traffic.
In its first three days of availability, Apple’s new iPad sold an incredible 3 million devices, so it’s no surprise to us that it already accounts for 6.6% of all Apple tablets accessing the internet. That’s according to a new report from mobile ad network Chitika Insights, which monitored internet usage over a 24-hour period.
![ABC Nightline Looks At The Surprising Yet Swift Decline In Apple Stock [Video]](http://cdn.cultofmac.com/wp-content/uploads/2012/11/Screen-Shot-2012-11-08-at-16.33.58.jpg "Apple-stock-low")
![Mixdown And Share Your Musical Genius With GarageBand for iPad [iOS Tips]](http://cdn.cultofmac.com/wp-content/uploads/2012/07/IMG_0168.jpeg)
![Beam and Share Your iPhone Photos To Any Web Browser [iOS Tips]](http://cdn.cultofmac.com/wp-content/uploads/2012/06/photobeamer.jpg)
