Apple stock has dropped in value by more than $500; their stock has lost value and investors have stopped investing in Apple. They have recently failed to impress the public. The company has had lower sales than they predicted.
Junior Briana Burgos said, “Everyone is realizing the iPhone 5 isn’t worth the money, it’s just a better camera and a bigger screen. That’s it.”
According to an article in Los Angeles Times, “Apple just lost $34.9 billion in market cap. In one day.” This was posted early December of last year. Huffington Post had reported, “Apple’s upgrades of the iPhone in the past two years have disappointed gadget lovers.” Apple had bragged about their new product the iPhone 5, but the company’s stock has since wilted since they released the device.
Sophomore Carlos Telchi said, “The iPhone 4S is the best selling, it will probably continue to be the best spelling. The iPhone 5 wasn’t a big of a hit that they thought it would’ve been.”
A post in the Wall Street Journal had brought up Apple’s attempt to regaining its “competitive edge” by selling a less expensive version of the iPhone made with cheaper parts. Apple so far hasn’t made a comment on the speculation. Apple surprisingly is still a strong seller, but they may be less preferred in the ratings compared to the Android but they’re continuing to sell.
Junior Adam Purdy said, “Its bad but I think they’ll be able to raise the roof, but their new products shouldn’t just be bigger screens.”
Dedicated investors hit the hills when they saw the public not purchasing the product they invested in. The market has been falling for Apple, and they’ve lost financial support; they want to win it back and maybe they can. If the company considers the public isn’t interested in just bigger screens, high definition cameras but less fragile phones, and also want phones to be more accommodating to their quick moving lives, while also being affordable. If Apple can’t meet expectations, they won’t be around for long.