The days of $700-plus Apple Inc. (AAPL) stock seem to be well and truly over, but the iDevice maker has seen their stock getting bashed around for a couple of months now. In the last 24 hours, it has reached a new 10-month low of just $513 per share.
Around six weeks ago we reported that it was dropping big time, and at that stage it had reached $558 - so we're another 10% or so down in the last six weeks alone. On December 14 we reported their stock dropping 4% based on poor iPhone 5 sales in China.
I've expressed my thoughts many times on this, and I don't think we're going to see Apple recover. They've released new devices in all categories, so now all they can do is try and excite the market with something new - but have they burnt bridges in their journey?
Last updated: Jun 16, 2020 at 04:29 pm CDT
- > NEXT STORY: EA's stunt backfires, removes real-world gun purchase links from Medal of Honor Warfighter website
- < PREVIOUS STORY: Marvell to pay $1.17 billion in damages over patents