Apple's Stock Hits New 52-Week High as Roller Coaster 2013 Nears Its End

With just a few weeks left in 2013, Apple's stock has finally rebounded to set a new 52-week high of $575.14 earlier today, although it has since pulled back by a few dollars. Apple's stock price peaked at just over $700 back in September 2012 before beginning a slide that took the price to under $400 by mid-April of this year.

aapl_5dec13
Apple's march back to yearly highs began in late June and has been a fairly steady climb since that time, although the last two weeks have been particularly good for the company's stock with a roughly 10% increase over that time as investors have been buoyed by new product releases and optimism surrounding Apple's Black Friday weekend sales.

The company's stock price has undoubtedly also been boosted by a stock buyback program that has seen Apple take roughly 5% of its shares off of the market since late 2012. Some argue that Apple should be doing even more to repurchase its stock, believing it to remain undervalued and thus a cheap investment for the company. Just yesterday, activist investor Carl Icahn, who holds roughly $2.5 billion in Apple stock, announced that he has filed paperwork requesting that shareholders be included in an advisory vote encouraging the company to increase its buyback plan by an additional $50 billion.

Top Rated Comments

dannyyankou Avatar
96 months ago
Steve would've never allowed this to happen.
Apple is doomed.
Tim is destroying the company.

:rolleyes:
Score: 19 Votes (Like | Disagree)
Reason077 Avatar
96 months ago
What on earth are they thinking? Everyone knows Apple is doomed! Except these deluded investors, apparently.
Score: 10 Votes (Like | Disagree)
HenryDJP Avatar
96 months ago
Well sorry if it hurts you Lilo and the other Apple haters, but Apple is not dying like you seriously hope they do.
Score: 10 Votes (Like | Disagree)
neilw Avatar
96 months ago
I assume Tim Cook will get all the credit in the financial press for this stock recovery, just like he got all the blame when it dropped. Right?
Score: 9 Votes (Like | Disagree)
GadgetDon Avatar
96 months ago
What concerns me most about Apple's future is they are losing market influence. The 80% Android number does matter for this reason.

Say a brick and mortar store decides to adopt some kind of smartphone payment system. Are they going to choose Google Wallet or Apple Passbook?

Wallet works on Android and iOS, Passbook only works on iOS. Passbook's market penetration peaks at ~16%, whereas Wallet's penetration can reach ~95%. This type of influence allows Google to shape the mobile market, in the same way Microsoft shaped the PC market.

If I'm a shop owner, I can serve both Android and iOS users by adopting Wallet, so why bother with the expense of also supporting Passbook? This will _eventually_ cause developers to not bother with iOS, and then iOS will become MacOS of the mid 90's.

Apple will need to either start to tightly integrate Google services into iOS, or they will need to open their services so they can be ran on Android. And that later approach would be extraordinarily tough, because they'd be fighting Google on Google's own turf.

Except there are some big differences from the Windows/Mac fight. First, the Windows PC market was pretty much a commodity, there were somewhat cheaper and somewhat more expensive PCs, but they all ran the same OS and were pretty much equivalent. With Android, there's a wide range of power and quality, going from higher end phones (this is the segment Apple competes in) to really low end phones that technically are still smartphones but in reality being bought to be feature phones. They stay at whatever version of Android it came with,use almost nothing but the basic phone features. There's no money to be made in this low end market and Apple doesn't even compete there. If the market shares were broken out by segment, Apple would do much better - this low end segment is the part of the market that's exploding, which is why Apple's sales can keep increasing while they lose market share.

Second, in part due to the the vast amount of low-end sales that make up the bulk of Android's market share, Apple's customers are more "valuable" to the ecosystem than Android customers are (on average). They spend more on apps, they buy more accessories. and they USE the phone a lot more. That means that developers want to develop for iOS first/only, because that's where the money is. Retailers want to provide support for iOS users, because they spend money.

Specialized services like Passport will be sporadically supported, granted. But general use, like making apps, that stores do. And there's a reason Google makes apps for all their services - they want the ad revenue they get from iOS users because those users will spend money on their advertisers.

So for iOS to go to irrelevancy, either Apple sales have to be dropping significantly (actual sales, not market share) or Apple users somehow have to agree en masse not to really use their devices much or buy stuff on/for it.
Score: 3 Votes (Like | Disagree)
lcmazza Avatar
96 months ago
If it hits $700 again I'm selling...maybe. :confused:

I would hold it until january. Then sell it and profit.
There were too many product releases this quarter and sales are up... But next quarter will be poor on product launches and the market will get bored, so...:)
Score: 2 Votes (Like | Disagree)

Top Stories

samsung experience 1

Samsung's 'iTest' Lets You Try a Galaxy Device on Your iPhone

Thursday April 8, 2021 12:42 pm PDT by
Samsung has launched "iTest," an interactive website experience that's designed to allow iPhone users to test out Android on a Galaxy device, or "sample the other side," as Samsung puts it. Subscribe to the MacRumors YouTube channel for more videos. The iTest website is being advertised in New Zealand, according to a MacRumors reader who came across the feature. Visiting the iTest website on...
sonny 2021 ipad mini pro dummies

Leaked Dummy Units Show iPad Mini 6 With Thick Bezels and Home Button, New iPad Pro Models

Thursday April 8, 2021 2:11 am PDT by
Rumors suggest Apple will release refreshed versions of the iPad mini and iPad Pro models in the first half of this year, potentially as soon as this month, and a new leak today has provided us with a possible preview of what to expect in terms of the devices' overall design and camera prospects. Tech leaker and Apple blogger Sonny Dickson this morning shared images on Twitter showing dummy ...
iMessage Android featured

Apple's Rationale for Not Bringing iMessage to Android Revealed in Legal Documents

Friday April 9, 2021 2:22 am PDT by
It's no secret that Apple sees iMessage as a big enough selling point to keep the service exclusive to Apple devices, however new court filings submitted by Epic Games in its ongoing lawsuit with the company reveal just how Apple executives have rationalized their decision not to develop a version of iMessage for Android. Apple clearly recognizes the power that iMessage has to keep users...
fake airpods 3

Counterfeit 'AirPods 3' Hit the Market Prior to Official Announcement

Friday April 9, 2021 2:45 am PDT by
Apple is expected to launch the third iteration of AirPods in the third quarter of this year. Rumors and reports suggest the new AirPods will feature an updated design more in line with the AirPods Pro, but lacking in "Pro" features such as active noise cancellation. Despite AirPods 3 not yet being officially announced by Apple, counterfeit products of the unreleased earbuds have already hit ...
nba tracking prompt orange

Two-Thirds of iPhone Users Expected to Block Ad Tracking

Friday April 9, 2021 7:19 am PDT by
As many as 68 percent of iPhone users are expected to deny advertisers permission to track them thanks to Apple's App Tracking Transparency feature, in what is beginning to look like a significant blow to the advertising industry (via AdWeek). With the launch of iOS 14.5, apps will have to receive explicit user permission before accessing an iPhone's advertising identifier or IDFA, which is...
iPhone 13 Battery Life Feature

DigiTimes: iPhone 13 Pro Models to Feature 120Hz ProMotion Refresh Rate and 15-20% Less Power Consumption

Friday April 9, 2021 12:52 am PDT by
The two premium "Pro" models of the upcoming iPhone 13 lineup will be equipped with a low-power LTPO display, enabling the iPhones to have a 120Hz refresh rate, according to industry sources cited by Taiwanese publication DigiTimes. According to today's paywalled report, Apple suppliers Samsung and LG Display are in the process of converting parts of their production capacity to produce LTPO ...
ipad pro and macbook pro

iPad and MacBook Production Reportedly Delayed Due to Global Chip Shortage

Thursday April 8, 2021 2:31 am PDT by
Apple is facing a global shortage of certain components for some of its MacBook and iPad models, causing the Cupertino tech giant and its suppliers to postpone production of the products, according to a new report from Nikkei Asia. According to the report, MacBook production is being hindered due to the shortage of chips mounted onto the circuit board before final assembly, which is a key...
ehric

iPhone 12 Mini Missing From Top 5 Best Selling Smartphone List of January 2021

Friday April 9, 2021 4:58 am PDT by
According to market data compiled by Counterpoint Research, Apple's smallest iPhone since the 2016 iPhone SE, the iPhone 12 mini, struggled to obtain a spot in the top five list of best-selling smartphones in January of this year. According to the market data, the iPhone 12 mini came in eighth place for the best-selling smartphone worldwide in the first month of the year. However, the iPhone ...
tmobile 5g modem

T-Mobile Launches Unlimited 5G Home Internet for $60/Month

Wednesday April 7, 2021 2:18 pm PDT by
T-Mobile today hosted an Un-carrier event where the company announced the launch of a a new 5G home internet plan, which is priced at $60 per month and offers unlimited data. The service is available to more than 30 million Americans across much of the United States, including 10 million households in rural areas not typically able to access reliable broadband. Connectivity will be either 4G ...
apple find my network

Apple Announces Find My Network With Support for Third-Party Devices

Wednesday April 7, 2021 10:06 am PDT by
Apple today announced the launch of its Find My network accessory program, which is designed to allow third-party Bluetooth devices to be tracked in the Find My app right alongside your Apple devices. According to Apple, the first accessory companies to take advantage of the new Find My integration include Belkin, Chipolo, and VanMoof, with devices set to be available beginning next week. ...