Apple shares hit new 52-week low

Shares of Apple Inc (AAPL) today closed down $10.65, or -2.36%, at $439.88 per share to set a new 52-week low.

The previous 52-week low was $443.14, set during trading on January 26, 2012. Apple’s all-time high was set on September 19, 2012 at $703.99.

Apple’s market value currently stands at $413.04 billion. On September 19, 2012, Apple set a new all-time closing high of $702.10 and had a market value of $658.15 billion.

In the last 4 months and 6 days, Apple has lost a total of $244.78 billion in market value, or an average of $1.9 billion per day.

Apple CEO Tim Cook
Apple CEO Tim Cook
The top five U.S. publicly-traded companies, based on market value:
1. Exxon Mobil (XOM) – $418.23B
2. Apple (AAPL) – $413.04B
3. Google (GOOG) – $248.23B
4. Microsoft (MSFT) – $234.65B
5. Wal-Mart (WMT) – $230.82B

Selected companies’ current market values:
• IBM (IBM) – $230.53B
• Amazon (AMZN) – $128.64B
• Cisco (CSCO) – $112.29B
• Intel (INTC) – $104.13B
• Disney (DIS) – $96.37B
• Hewlett-Packard (HPQ) – $33.10B
• Yahoo! (YHOO) – $24.09B
• Dell (DELL) – $22.86B
• Adobe (ADBE) – $18.96B
• Sirius XM (SIRI) – $16.40B
• Nokia (NOK) – $15.59B
• Sony (SNE) – $14.46B
• Research In Motion (RIMM) – $9.03B
• Advanced Micro Devices (AMD) – $2.13B
• RealNetworks (RNWK) – $0.27B

AAPL quote via NASDAQ here.

MacDailyNews Take: Word has it, Tim Cook is seriously considering a ban on torches and pitchforks at the next AAPL shareholders’ meeting.

Related articles/bag o’ hurt:
Apple shares hit new all-time intraday and closing highs – September 19, 2012
Apple shares hit new all-time intraday and closing highs – September 18, 2012
Apple shares hit new all-time intraday and closing highs; Apple hits $700 in after-hours trading – September 17, 2012
Apple shares hit new all-time intraday and closing highs – September 14, 2012
Apple shares hit new all-time intraday and closing highs – September 13, 2012

24 Comments

  1. Seeing amazon hitting 52 weeks high with PE over 3k , seeing Apple hitting 52 weeks low with PE less than 10. I know so-called stock investment is just a joke .

  2. There we go: “torches & pitchforks” app for iPhone and iPad, guarantee every Apple employee and most retail investors will buy at least one. Make sure you use the above photo of Cook the maniacal mediocrity as the app background.

    As I have been saying, forget the convenient excuses (tax selling, fiscal cliff concerns, slingshot effects, fund re-balancing, options expiration, etc.) and focus on Apple 3 fundamental problems. I also called on Cook to at least acknowledge the problems in the earnings conference call for the sake of retail investors, but unfortunately he decided to parot the script instead. Look at what we have today as a result: 52-week low and going lower.

    Btw, McCourt is correct about the dramatic slowing of international iPhone sales. Friends in the Far East have reported gang-buster sales of S3 there, especially to youths. If you have any doubts, read Samsung earnings report.

  3. What goes up, must come down. Yet “down” is an “up” cycle for those on the short side of the fence. Perspective…it’s all perspective and timing with a good dash of market manipulation.

  4. If you don’t do business with Wall Street, they won’t protect you. The analysts could’ve spun the recent “weak” earnings report & guidance & taken cook’s explanation that it was due to supply constraints, higher costs of introducing new products & 13 vs 14 weeks in the quarter. All things that will work itself out in the upcoming quarters. Instead its apple’s growth days are over, competitors are eating their lunch (when AT&T & Verizon’s iPhone sales contradict this notion), they have no idea what to do with their mountain of cash(even though capex is increasing to 10 billion for the quarter), their not innovating anymore(r&d spending is increasing each quarter). Wall Street is going to make money on apple which they are doing now by driving the stock price up & down to make money on selling options. I wonder why we don’t see such price volatility in amazon, google, Microsoft? It’s interesting how amazon’s stock price moves hire after doing debt financing deals with Wall Street. Declining revenue & negative earnings, no problem, we’ll back you & look the other way even though apple generates in one “bad” quarter more than amazon has ever earned in its entire existence.

    In principle, I commend apple for trying to stick it to the sess pool that is Wall Street, but unfortunately this strategy is not going to help its investors. How’s that saying go, keep your friends close & your enemies closer? Apple may need to rethink its strategy in dealing with Wall Street for the sake of its shareholders. End of rant…

  5. Everything that was great about APPLE 6 months ago is still great today. I remember being psyched when the stock went over 200., (when I got in at 111) so…It sounds like most people here want to believe in Apple vs just make money. Otherwise everyone would have sold at 700, myself included. I am a fan. You know, You can always buy Google.. or any other related stock. Or just hang tight. Apple always lands on it’s feet. (although this last week was like buying a Porsche and driving it off a bridge the first day for me.. -without the fun of buying a Porsche. )

  6. 2012 Q1 & Q2’s gross margins were insanely high at 44% & 47% which made it extremely difficult for apple to beat this last & upcoming quarter. The fact that they increased Revenue to slightly exceed last year’s earnings was impressive. The same lower margin scenario also occurred with the intro of the iPhone 4. I believe the gs was~36%. The gs should improve in the upcoming quarters since I highly doubt apple will be changing the iPhone’s form factor this year. My question is why was this not brought up in the conference call? It could have helped to alleviate the fears about growth since the earnings will be flat for last & most likely this quarter. I think cook & Oppenheimer needed to state this case explicitly since the analysts aren’t going to do them any favors.

  7. The lower it o goes, the more Apple Corporation can “Buy back”. Did you notice the correlation between market value and how much Apple Corp had set aside to buy back over the next 3 years?

    Apple does not need WS. WS needs Apple to not show just how bad the economy really is. Apple is propping up the economy.

    1. no. apple doesn’t have power to boost economy. especially worldwide. what makes you think apple will be better? economy makes decision whether apple could be survived or not. if they really need to make themselves as NO. 1, they have to create entirely new market. but I don’t think that TIm Cook doesn’t have any magic or idea unlike Steve Jobs. so unfortunately apple will become just normal company slowly next 10 years.

  8. Remember folks, Apple stock is not being manipulated. The financial news is as good as gold. You can really trust the WSJ [NOT]. Don’t pay any attention to the fact a WSJ article that repeated old information caused a two day panic that erased $38 billion of value and took Apple shares 7% lower.

    So the Apple defenders have a valid claim against the WSJ. The misleading article likely caused a panic that hurt AAPL.

  9. apple seems to be over. unfortunately, stock will drop below $400 soon. it’s inevitable. even Tim Cook said that there will be new products coming out this year just like every year. but I don’t see any innovation beside they add and improve very tiny bit. truly apple is over. now apple fanboys need to shut up.

  10. This just illustrates the uselessness of the current US trading market
    In the last 6 months the company has not ‘ lost’ any revenus stream or had a product recall that cost billions. – so we can see that this is not real investors with real money but those quite literally playing the market – adding no value to the economy but speculating with other peoples money. If institutions have to hold certain values of stock because of their share of the total market – then they are vunerable to being manipulated forcing sales as the value changes – and that is what this would apper to be – valuless activity that makes traders rich and investors poor. No wonder SJ ignored the market and the company holds $billions in cash to prevent these useless bastards from affecting company decisions.

  11. It’s interesting that Apple fanbois have succumbed to the FUD following Apple precipitous drop in stock price. Where’s your brimming confidence now? What happened to your hubris? You people are pathetically shallow and ignorant. Steve Jobs is dead, Apple is in a slump, and your little world is falling apart.

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