BY | April 3, 2013

There doesn’t seem to be any panacea for the Cupertino based company. Apple stock price will go up only after iPhone 6 release date announcement

Technology giant Apple’s stock price seems to be melting faster than ice. It is going down and down and now there is very remote chance that Apple’s stocks may get revived at least in the short term. This is due to the fact that during the past six months it has not launched a single product, and there is no definite news about its plans of launching any new product in the next two months. Though reports suggest that Apple may launch its next generation iPhone 6 or iPhone 5S in the market this summer, but it is still some months away and there is not going to be any substantial change in Apple’s future at Wall Street till something impressive comes out of the Apple stable.

A recent Apple filing with some government agency has thrown cold water over people’s desire to see something new from Tim Cook led Apple as the report suggests that the next two generation smart-phones from Cupertino based Apple were designed by Apple cofounder and former CEO late Steve Jobs. At a time when technology changes almost every month if not every other day, smart-phones designed around a year ago wouldn’t interest many except some hard line Steve Jobs fans.

Some people had thought just a fortnight ago that Apple’s bad days on Wall Street were over. But that sense of comfort has been shattered once again by the continued slide of Apple stocks. Yesterday Apple’s stock was trading at just $432.45 compared to $705 that it traded mid-September.  Reports suggest that latest Apple launches iPad Mini, iPad 4 and iPhone 5 have failed the Apple fans. Both the products not just failed to excite the Apple fans across the US and elsewhere, the two also failed to find favors with the reviewers. Though Apple may not give a damn to what reviewers think but people’s dissatisfaction has played a major role in pulling down Apple stock market performance. The stocks that were being traded at more than $700 mid September last year are being traded at just above $400, a complete loss of around $300.

On the other hand there are many people who are of the opinion that the latest launch of Korean tech giant Samsung may affect the Wall Street performance of Apple. For many people Galaxy S4 and Apple stock market performance correlation may be confusing. But Haydn Shaughnessy while writing in Forbes says, “… the S4 is not even an adjacency play. It is an iPhone-like phone, just done a whole lot better than the iPhone itself. But critically it is also being done faster. That is the new nature of innovation, at least one important feature of it…Apple likes to bring out a truly updated device once every two years. In the interim it will do an update (the S version)…Samsung and other smartphone makers have disrupted that pattern by launching new phones, major upgrades anyway, in the S year, taking the shine of Apple’s reputation as an innovator and reducing the impact of Apple’s software advantage”. He seems to be pretty right. Though Apple’s stock might not have fallen the day when Galaxy S4 was launched in the market, but it is doing badly in the days following the launch. Things are not definitely looking rosy for Apple.

RELATED

Another wave of yellow metal going down and down. Gold price tumbles in India crashing by as much as Rs 600 per 10 grams. New Delhi: Jewellery buyers have a reason to buy more gold even after the festive season has just gone as the yellow metal prices dropped by Rs.600 per 10...

gold-bars

New Delhi: Bharti Airtel's net profit for the second quarter (July-September) of the current fiscal soared 170 percent to Rs.1,383 crore helped by voice and data business growth, a company statement said here Thursday. This is the highest quarterly profit since March 2011. The...

airtel_1121787f

It is surprising to see Apple Pay being actually blocked by US retailers. Reports suggest that retailers are avoiding Apple Pay in favour of QR code-based system It was just a few days ago when Apple Pay that the company had unveiled was at the centre of attraction. It had...

iphone 6 plus

It is still around a month away, but momentum is building pretty early. Black Friday 2014 Walmart deals: Great offers in store The Black Friday 2014 deals are coming. It is understood that in just over a month Walmart will start rolling its Black Friday 2014 deals. The...

Flipkart, Amazon war starts in India, Future Group joins Amazon, the rising star on the Indian ecommerce scene One of the biggest brick and mortar retailer in India Future Group has announced that it was signing going to collaborate with one of India’s top ecommerce...