Apple Shares Down Nearly 40% Since High
Posted on January 26, 2013This past week was an unusual one for the stock market. Stocks climbed overall while Apple shares fell. It was like opposite week. Apple's shares have now lost nearly 40% of their value since peaking at $702 on September 19, 2012.
Apple's revenues have continued to climb, but concerns about the future of Apple are growing. Apple often soars from new products and innovation. The iPad and iPhone are already no longer brand new in our tech-focused culture that is constantly craving something new. The loss of Steve Jobs is a concern. There is also concern that the Android platform could give Apple headaches in smartphones in the same way the PC gave Apple headaches in the late 80s and 90s. Apple also appears to have poured cold water on rumors it might offer a cheaper phone to increase its smartphone marketshare. This is all weighing down Apple's stock. It may require another innovative gadget for the company to soar to new heights once again. Take a look: