BY | November 17, 2012

Many people are wondering as to why Apple stock price is sinking despite iPhone 5, iPad 4, iPad mini doing exceedingly well in the market

Though Apple’s stock price has dropped sharply in recent weeks, Apple products are doing more than fine in the market. Apple’s iPhone 5 launched two months ago has been doing exceptionally well in the market and has become the fastest selling smart-phone ever. Two other products launched a few weeks later are also breaking previous sales records. iPad 4 and iPad Mini both are giving other tablets a run for their money.

During the first weekend after their launch, Apple said the company sold as many as three million machines, taking the bar too high for their competitors. Though Apple didn’t really reveal as to how many units of the iPad 4 and iPad mini were sold, separately, nonetheless it was an achievement in itself.

So while Apple products are doing exceedingly well, it is very disappoint to see Apple stocks touching one low after the other. From $705 it has crashed to $527, a low that was unthinkable till a few weeks ago. But people are not giving up hopes as they say that Apple’s foundations remain strong and the fall is merely a temporary phase and it will correct itself within days. For the first time in at least several months, Apple stock has gone down $500 billion market capitalization.

Reports suggest bumper and better than expected sales for Apple in the months ahead. A CNET forecast says that the Cupertino based Apple is expected to ship 46 million iPhones and 23 million iPads in the holiday quarter. It is also expected to ship 43 million iPhones and 19 million iPads in the first three months of the next year. So things are quite bright for Apple and so the future.

Right now there are two sorts of opinion about Apple stocks future. One says that Apple’s stocks are set to go down further, while the other suggest that it is set to rebound. Jeffrey Gundlach of DoubleLine Capital who is betting against Apple says, “Investors had believed Apple would take over the world, management was flawless, its products were in infinite demand and competition couldn’t make a dent”.

But then there are analysts who are hardcore Apple fans and think that it is set to go up again and touch $1000. “I tell them it doesn’t look pretty today, but there’s [a] brighter future in the next month or two…The reality is the stock should be significantly higher, and I think $900 — it’s not going to be there tomorrow, but we should be on a pace to that based on these earnings”. Yesterday Apple stocks closed $527.68, up $2.8 from the previous close. Many Apple fans will say it is a good omen.

RELATED

NaMo tsunami: Modi files nomination from Varanasi, calls Muslims brothers   Narnedra Modi who is called NaMo by his fans across the country filed nomination from Varanasi Lok Sabha seat in style. He almost amazed everyone when he called Muslims brothers and promised...

modi nomination filing

'Bio-duck' ocean sound caused by Minke whales: Study   Despite all the scientific development that the human have made over the last few years Earth and solar continues to throw many unresolved mysteries. Of them the one that had kept researchers and submarine crews...

By S Ahmad   Source: NVONews.COm   Akhtarul Iman who choose to announce his pull out of the election fray from Kishanganj as Janta Dal United candidate is being put to all the moral yardsticks available in the book. As it is easy to use his name, just...

akhtarul iman

Mamata accuses Congress, CPI-M for EC’s transfer of officers in WB     Kolkata: West Bengal chief minister Mamata Banerjee is taking on almost everyone during the election. She has said that all the opposition parties in the state have ganged up to beat her...

Arrest warrant issued against Giriraj Singh for communal comment   Patna: Almost a week after making inflammatory remarks in a public rally, BJP leader and its candidate from Nawada Lok Sabha seat Giriraj Singh has been issued an arrest warrant by a Bokaro...

giriraj singh1

Shah Rukh Khan, Uday hail Rani, Aditya Chopra’s marriage   Mumbai: This seems to be the only news being talked about in Bollywood circles today. Every other news seems to have been marginalized in front of the enormity of the isse.   Bollywood’s one and...

  • leila

    Although I have not enough money to buy it,but i love iphone5,and hope apple stock go up in future,i hope good future for apple group.

  • Derek

    Hi,
    Apple is so advance in the world, an in the hearts of 90 % of people other than the U.S.A. If you ask the general public world wide.
    What electronic item would you like to have ?, You here the same answer over & over APPLE of course . Have a Bite :-)