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.
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.
Apple changed the strategy for iOS 17 later in its development process to add several new features, suggesting that the update may be more significant than previously thought, Bloomberg's Mark Gurman reports.
In January, Gurman said that iOS 17 could be a less significant update than iPhone updates in previous years due to the company's intense focus on its long-awaited mixed-reality...
Following nearly six weeks of beta testing, iOS 16.4 is expected to be released to the public as soon as this week. The software update includes a handful of new features and changes for the iPhone 8 and newer. To install an iOS update, open the Settings app on the iPhone, tap General → Software Update, and follow the on-screen instructions.
Below, we have recapped eight new features and...
Some Apple employees are concerned about the usefulness and price point of the company's upcoming mixed-reality headset, The New York Times reports.
Apple headset concept by David Lewis and Marcus Kane Initial enthusiasm around the device at the company has apparently become skepticism, according to eight current and former Apple employees speaking to The New York Times. The change of tone...
Apple showcased its mixed-reality headset to the company's top 100 executives in the Steve Jobs Theater last week, according to Bloomberg's Mark Gurman.
In the latest edition of his "Power On" newsletter, Gurman explained that the "momentous gathering" is a "key milestone" ahead of the headset's public announcement planned for June. The event was intended to rally Apple's top members of...
We're still almost six months away from the official unveiling of the iPhone 15 lineup, but it seems like every day we're learning more about what to expect from the next-generation models. Notably, this week gave us our clearest look yet at what appear to be some changes for the volume and mute control hardware.
iOS 16.4 and associated releases are also right around the corner with some new ...
Apple today released iOS 16.4, the fourth major update to the iOS 16 operating system that initially came out last September. iOS 16.4 comes two months after the launch of iOS 16.3, an update that added Security Keys for Apple ID.
iOS 16.4 and iPadOS 16.4 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. It can take a few minutes...
We saw a lot of great deals on Apple products and related accessories this week, including Samsung's iMac-like Smart Monitor M8 for $250 off, a 30 percent off spring sale at Anker, and the year's best prices on numerous AirPods models. All of these deals are still available to purchase right now, so we're recapping them and more below.
Note: MacRumors is an affiliate partner with some of these ...
This year, all iPhone 15 models will include Apple's Dynamic Island that unifies the pill and hole cutouts at the top of the display, but there will also be a material change to the feature that wasn't included in the iPhone 14 Pro models.
According to a new tweet by Apple industry analyst Ming-Chi Kuo, the proximity sensor on the iPhone 15 series will be integrated inside the Dynamic Island ...
Top Rated Comments
Apple is doomed.
Tim is destroying the company.
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.
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...:)