Apple

Apple

Apple Inc. is an extremely large corporation with a well-known name in the technology world. Apple is one of the most high profile stocks in the world, and brings in over $100 billion dollars in revenue each year. In the past 10 years the stock market activity has been up and down. “According to Yahoo Finance’s stock report, Apple’s stock price is currently 130.28, the highest the stock price has ever been.” (Yahoo Finance) These are a few reasons why the stock market price either dropped or increased throughout the past 10 years.

Apple stock has had a few declining market prices in its company history. For example, in 2008 Apple suffered the largest share price drop in the past four years previous of 2008. Apple experienced a decline of over 16 percent in their stock market price, resulting in a $107-per-share range. VB News stated “the reason behind Apple’s huge price drop seems to be related to a stock ratings cut by analysts at RBC Capital and Morgan Stanley.” (VB News) “RBC decided to cut its target for Apple stock to $140 from $200 and Morgan Stanley’s reported target for Apple declined from $178 to $115.” (VB News) They were both apprehensive about Apple’s sales in a current rapid downfall of the economy. This is one of the few instances Apple has had a noticeable decrease in their stock market price.

“Another major decline in the stock market price Apple has encountered with was in 2012, in an almost 25% decline in value.” (USA Today) USA Today reported, “Investors believed that Apple would eventually take over the world with its magnificent management, the high demand of its products, and the competition couldn’t make a dent in its profits.” (USA Today) People over believed in Apple, and now the stock market price has dropped. There were several different reasons why the price dropped including the loss of the founder of Apple, Steve Jobs. Loosing the founder of Apple caused many people to worry that the company would never be the same. Another...

Similar Essays