Apple stock took another plunge yesterday, finishing down 4.4 percent. The reason for the fall is continuing concerns about the iPhone, which have caused numerous analysts to downgrade their price targets for AAPL.
It’s not just Apple that’s being affected, either. The company’s suppliers have also been hit by fears about the future of iPhone sales. Multiple suppliers associated with Apple have seen their stock prices decline by up to 5 percent as a result.
Struggling to understand how Apple stock erased more value in the last six weeks than it made in its first quarter-century?
It’s bloody complicated, but these five reasons help explain Apple’s plunging stock price.
Apple stock slid 1.9 percent in pre-market trading today, after President Donald Trump laid out plans for new tariffs to be placed on the iPhone.
Overall, AAPL is trading down 20 percent this month. This latest blow comes after six weeks of declines for Apple, which became the first publicly traded U.S. company to pass a $1 trillion valuation earlier this year.
Entrepreneur and Shark Tank investor Kevin O’Leary said it “took seconds” to sell off his Apple stock after hearing company executives announce the tech company would no longer disclose units sold.
The self-named “Mr. Wonderful” said he was listening in on Apple’s Q4 earnings call on Nov. 1 and was shocked as CEO Tim Cook described unit sales like a shopping cart. The items in the cart aren’t as important as the total bill of sale, Cook said.
The long race to see which U.S. tech giant will become the first company worth $1 trillion is finally over.
Apple won.
Investors rushed to buy Apple stock today, pushing the share price up almost 6 percent. That added a whopping $55 billion to the company’s market capitalization.
Apple is still a bit short of the much-hyped $1 trillion valuation, but moved noticeably closer today.
Apple’s market value will eventually top $1 trillion, but Amazon is evolving more and more as if it will get there first.
The gap has rapidly narrowed between the two company’s market values. Apple, always believed to be the first company to reach $1 trillion, started out the year with stock valued 50 percent higher than Amazon’s. For a closer look at Apple’s financial journey, check out this detailed report on apple valuation over the years.
That gap is now just 10 percent.
The co-founder of Microsoft joined the chorus of voices speaking positively about Apple today. Bill Gates’ relationship with Apple goes back to the very dawn of the company, and he and Steve Jobs were the best of frenemies.
Now that he’s a philanthropist rather the CEO of Microsoft he can speak openly about a former rival.
Warren Buffett doesn’t use an iPhone, yet it is one of the big reasons he invests so much money in Apple stock.
Buffett told CNBC on Monday that his Berkshire Hathaway Inc. bought more in Apple than any other stock over the last year, making it the second-biggest holding for the company.
President Donald Trump’s new tax law is doing great things for Apple employees’ wallets.
Apple told employees today that it plans to give all of them $2,500 worth of restricted stock, thanks to the revised tax law that goes into effect this year.
Investors will get their next glimpse into how well iPhone sells are doing on August 1 when Apple reveals its Q3 earnings for 2017.
Apple updated its investor relations page today confirming the time and date of its next earnings call, which will include early sales of the new iPad Pro and MacBook Pros unveiled at the company’s Worldwide Developers Conference at the beginning of June.
Calling Apple one of “the most under-appreciated stocks in the world,” a Wall Street analyst says the company should be worth $1 trillion within the year.
Drexel Hamilton analyst Brian White gave AAPL a price target of $202, an increase of roughly 35 percent — and by far the highest Apple valuation on the books.
Hot off the heels of his riveting Q2 2017 earnings call, Apple CEO Tim Cook is set to make an appearance on CNBC’s Mad Money show for investors.
Share prices of Apple Inc. hit yet another record high during trading today, setting a new top mark of 143.80 by the time the market closed.
Apple shares were trading up nearly 3% on Tuesday thanks to an investor note from UBS analyst Steven Milunovich who predicts the stock price could shoot up past $200 in the next two to three years.
Shares of Apple Inc. started the week by climbing to a new all-time high today, closing at a record $141.46 per share.
Apple stock has been rising for weeks now thanks to a number of ringing endorsements from mega-investor Warren Buffet and Wall Street firm Morgan Stanley.
A ringing endorsement from mega-investor Warren Buffett has helped push Apple’s stock to a new record high today.
Apple shares were trading up 2.04% and closed at an all-time high of $139.78 per share, beating the company’s previous top mark of $137.11 set last week.
Apple hosted its annual shareholders meeting today at the company’s headquarters in Cupertino where a number of new proposals were presented by investors before Tim Cook took questions from the audience.
During his Q&A session, Tim Cook discussed how Apple plans to fight for net neutrality. He also assured shareholders that Apple plans to come out with new products that appeal to professionals and creatives, but insisted that the Mac and iPad aren’t destined for a merger.
Warren Buffett’s investment firm Berkshire Hathaway has more that doubled its Apple share holdings this year — with its $17 billion share of Apple now representing Berkshire’s second biggest holding in a company.
In 2017 alone, the firm has purchased 120 million Apple shares.
A day after Apple stock set a new all-time high mark, the company’s shares did it again, closing Wednesday at a new record.
At the end of trading today, AAPL closed up 0.37 percent at $137.11 per share, beating yesterday’s high of $136.68.
Apple’s stock continued its historic rise today by setting a new all-time intraday high before closing at its highest price ever.
It’s a great time to be an Apple shareholder.
Aided by a increased confidence rating from Goldman Sachs, Apple shares hit an all-time high today, with the price jumping to $133.76 per share before closing just above the company’s previous record of $132.54, set on May 17, 2015.
Apple’s stock saw a big surge after the company announced record-breaking earnings for Q1 2017.
AAPL was up almost 3 percent in after-hours trading to $124.50. Apple stock has been climbing recently but was depressed in anticipation of today’s results.
Apple CEO Tim Cook received less pay in 2016 as a result of the company missing revenue and profit goals.
In a new filing with the SEC, Apple revealed that other top executives also got less compensation for 2016 as well. Cook only took home $8.7 million last year after being paid $10.2 million in in 2015.
The crowd of Apple doomsayers grew louder today with a new note from analysts at Oppenheimer claiming Apple is projected to go through a long decline for the next ten years.
Apple CEO Tim Cook is taking advantage of the monstrous bonus he unlocked on his fifth anniversary at the helm of Apple by selling 334,000 shares for a big payday.