TweakTown
Tech content trusted by users in North America and around the world
5,682 Reviews & Articles | 36,159 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Apple stock continues slide after financial results, now second most valuable company

Apple's stock slide causes it to become only the second most valuable company

| Business, Financial & Legal News | Posted: Jan 26, 2013 12:32 am

Poor Apple. Investors continue to hammer the stock, even after they posted their best-ever revenues and profits. Because of this pounding, Apple's market cap has been shrinking and it finally has shrunk enough that Exxon Mobil has regained the title of most valuable company in the world.

 

TweakTown image news/2/8/28120_1_apple_stock_continues_slide_after_financial_results_now_second_most_valuable_company.jpg

 

Apple's stock prices have fallen to $439.88 at the close of the market, giving Apple a market cap of $413.06 billion. Not too shabby. Exxon Mobile, on the other hand, has a market cap of $418.23 billion. Last January is when Apple took over the top spot as most valuable company, taking it away from Exxon Mobil.

 

Apple's stock has plunged from the $510 it was before the earnings report came out. Investors are fearful of competitors, such as Samsung, who are quickly gaining ground on the company. They also don't like that Apple's profits are increasing as quickly as they used to be. How low do you think Apple's stock will fall? Let us know in the comments!

NEWS SOURCE
Gigaom.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below