“The tech giant’s shares are languishing in negative territory — having closed Tuesday at $108.74, off about 1.5 percent year-to-date — with only two days of trading left for 2015,” Covert writes. “That sets the stage for a suspenseful finish that’s threatening the first down year for Apple shares since they got slammed by the financial crisis of 2008.”
“Apple’s malaise in 2015 — marked by a lackluster debut for the Apple Watch, as well as its Music and News products — is jeopardizing its status as the world’s most valuable company,” Covert writes. “Shares of Google’s parent company, Alphabet, hit a fresh all-time high Tuesday, giving it a market capitalization of $541 billion that’s in second place behind Apple’s $605 billion.”
Read more in the full article here.
MacDailyNews Take: Let’s see what happens when Apple reports Q116 (holiday quarter) results next month.
BTW: Apple’s current market value is down to $600.35 billion. Alphabet’s is down to $532.93 billion.