Apple stock hits latest 52-week low

Mar 04, 2013

Shares of Apple hit their lowest level in more than a year on Monday, continuing a decline hastened by the company's last quarterly earnings report.

Apple Inc. stock touched as low as $419 Monday—its weakest point since January 2012—before closing down 2.4 percent at $420.05.

The Cupertino, Calif., company's Jan. 23 report signaled that its fast growth phase, rare for a company of its size, may be coming to an end.

Apple's stock price peaked in September at $705.07 on the day the was released. With Monday's close, the stock has dropped 40 percent from the record high.

Explore further: Chinese man brings gay conversion therapy lawsuit

5 /5 (8 votes)
add to favorites email to friend print save as pdf

Related Stories

Apple stock hits new high after 4-month dip

Aug 17, 2012

(AP) — Apple's stock hit a new high Friday after a four-month swoon, as investors looked ahead to the release of a new iPhone and possibly a smaller iPad.

Recommended for you

Chinese man brings gay conversion therapy lawsuit

3 hours ago

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

Alcatel loss narrows in 2Q but revenue stagnates

4 hours ago

(AP)—Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.

Sony surprises with first quarter profit

8 hours ago

(AP)—Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.

User comments : 2

Adjust slider to filter visible comments by rank

Display comments: newest first

Lurker2358
1 / 5 (1) Mar 04, 2013
Buying stock on the day a product is released is foolish (and contrary to the intended purpose of stock market investments).

Based on development cycles of technology, an investor should buy stock 2 to 5 years before the release dates, which is to say, buying stock for the iPhone 5 phase should have been done during the iPhone 1 or 2 phase...

But let's not let realism and fairness get in the way of short term investment scams which are what the modern stock market exchanges make their money from.
VendicarE
not rated yet Mar 04, 2013
Currently 418.65 and falling.
Down $13 for the day.

Apple has nothing left.