n Q4 2013, Apple showed weaker financial performance. Apparently, this caused a decline in the corporation’s level of market capitalization. Apparently, this led to a decline in the price of Apple’s stock. Meanwhile, Samsung, one of the Apple’s major rivals, is trying to deprive it of a certain market share in the mobile industry.
In particular, Apple’s market
capitalization declined by 8% during the reporting period. At this
point, it is roughly estimated at $355bn. This happened almost instantly
after the corporation published a relatively weak quarterly report for
the last quarter of 2013. At the same time, Apple’s stock dropped more
than 8% or by $45,45 per share in absolute figures. The current price is
around $505 per share.
The latest figures show that the
company’s net income remained almost unchanged in year-over-ear terms –
around 13bn and 70 million dollars. At the same time, the corporation’s
proceeds increased by 6% up to $57bn 600 million dollars. During the
reporting period, Apple sold 51 million iPhones and 26 million iPads.
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of AAPL:
