Apple’s rotten year on Wall Street and, look out, here comes Google in the market cap race!

“A big red Apple may be stuck in the New Year’s pig’s mouth if the computer giant can’t add an extra $1.64 to its stock price by Thursday,” James Covert writes for The New York Post.

“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.

21 Comments

  1. ” Let’s see what happens when Apple reports Q116 (holiday quarter) results next month.”

    Wall Street spent the last few months pretending that Apple is not selling as many iPhones as they used to, just before the financial results are due, the analysts will once again produce new figures that are very ambitious indeed, Apple will fail to match those hurriedly upwards revised figures that Wall Street were hoping for, so they will say that Apple failed and the stock price will fall.

    1. You nailed it Alan – so tired of this stock being manipulated, going to exit and sell my remaining shares next little bump up, cannot afford to have my money sit stagnant for another year, love the company – frustrated with the stock !!

    1. Apple makes a lot more money than Google, and far,far, more money than Amazon. To those traders who keep prices volitle, and Apple low, profits and fundamentals are irrelevant. They buy and sell on emotion, devoid of logic and reason. Anyone who is long Amazon is taking a huge gamble, with a stock price to earnings ratio of 993.45. It seems from the standpoint of pure math that there is almost no chance that Amazon will ever grow their profits enough to justify the stock price now, let alone an even higher stock price as projected. And why anyone would feel good about investing their money in a professional Peeping Tom venture such as Google just baffles me.

      1. I suppose you can blame the excessive trades on individual stock owners.. Of the group GOOG, AMZN, FB, MSFT none have as large a percentage that is not institutionally owned (e.g. Big Wall Street) as AAPL.. Be part of the solution, calm the nerves of your fellow individual stockholders to help make AAPL less volatile..

  2. What about the Apple Watch has been “lackluster”? It’s sold far better than the first iPhone and first iPad did in its first 8 months on the market. Apple has probably already sold 10 million of them and it hasn’t even been on the market for a year. Apple is already selling more watches than Macs. Wall Street: “That’s sooo lackluster.” Other companies would kill to have such a “lackluster” product.

    1. Don’t forget…
      MSFT P/E 37.83 (MS and Apple started the year off with about the same P/E. What a difference a year makes.)

      Apple is seen by Wall Street as the only failing profitable tech company. I can’t imagine why a new investor looking for any returns would touch Apple at this point. Everything Apple does only drives the stock price further down. Dow curse?

      Apple simply let all tech rivals kick sand in its face without so much as throwing a punch. Disgraceful.

  3. Apple does have these languishing years. 2011 and 2013 were relatively flat. Then in 2012 and 2014 the stock grew considerably. It definitely is frustrating but it you are not planning to sell the stock until retirement then riding the ups and downs pays off. From 2007 to now my stock has grown 950%. It has been a lot higher and will be again.
    I will sell my stock when I feel that Apple are not performing or the stock is over priced. Neither of those situations are occurring so I will continue on. Dividend reinvestment is added 2% a year in stock and Apple’s aggressive buyback is reducing the overall stock count.
    In the meantime I may sell some stock when it goes up and by back in when it goes down. Takes some nerve but last time I gained ~3% in a week.

  4. Net out the cash from at both companies and Google is already more highly valued on an operating basis than Apple. Wall Street believes Apple is an accident waiting to happen while Google has unassailable revenue streams. It’s as simple as that.

  5. ******2016******

    Happy New Year everyone, may New Year bring you joys, love, health, prosperous!.

    I assume that you guys are all intelligent. I guess by now, We got to realize that Apple is on Wall Street black list, for whatever reasons. Let face it, there is no other company has been bashing as much as Apple in entire of history.

    1. While I agree that AAPL has taken a lot of negative press from Wall street, due to its low institutional ownership in comparison to its peers (e.g. FB, GOOG, AMZN, MSFT) the individual stock owners have more power over volatility making it less believable Wall Street itself is doing damage. Sort of like telling someone to jump off a bridge because you told them to.

  6. First, Tim Cook is a brilliant leader. Second, I am glad that he takes a vocal stance on important issues today.

    Tell me where you disagree with him: that all human beings should have equal rights, regardless of race, gender, beliefs, sexual preference, etc? Or how about the idea that we should protect the environment? Maybe the idea that we should fight AIDS in Africa?

    Anyone who has a problem with Tim Cook’s open advocacy for certain causes is a neanderthal who probably watches Fox News and listens to Rush Limbaugh all of the time.

  7. 2016 = the year of Apple TV.

    Siri and Apple Music on Apple TV is the killer app… you can finally talk to your stereo. Don’t worry too much about the stick price noise…

    Happy New Year!

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