x PhoneArena is hiring! Reviewer in the USA
  • Hidden picShow menu
  • Home
  • News
  • Apple's shares hit 52 week low, Google's hit an all-time high

Apple's shares hit 52 week low, Google's hit an all-time high

Posted: , by Alan F.

Tags :

Apple's shares hit 52 week low, Google's hit an all-time high
Like two ships passing in the dark, the literal fortunes of Apple and Google are moving in opposite directions. For example, Apple's shares have hit a 52 week low on Monday at $423, a far cry from the all-time high of $705 hit on September 21st, the day that the Apple iPhone 5 was launched. The main issue affecting Apple's shares on Monday is the decision reached late Friday by Judge Lucy Koh to cut the damages awarded to the company by the jury in relation to the epic Apple-Samsung patent trial last year. The judge sliced the award by $450 million leaving the Cupertino based manufacturer with an award of $598 million. Judge Koh ordered a second trial to determine the damages that Apple will receive instead of the $450 million that she vacated.

58% of apps downloaded in 2013 are expected to be on the Android platform

58% of apps downloaded in 2013 are expected to be on the Android platform

Apple's shares hit a new 52-week low of $421.32 this morning, a 40% decline from the September 21st high. Besides the jury verdict, the shares have been battered over the last few months as Apple had to deal with problems related to Apple Maps, and rumors of a decline in the popularity of the device that accounts for most of the company's revenues, the Apple iPhone. But by far, the biggest factor affecting the stock has been the feeling that Apple is no longer an innovative company. That might change, if the tech titan delivers a smartwatch, as speculated. The Apple iWatch could be launched before the end of the year.

Apple's rival, Google, is moving in the opposite direction. Google's stock hit a new all-time high on Monday at $816.18. The popularity of Android is helping to drive the stock. Although Google doesn't make a dime on the software, the more Android phones that are activated, the more mobile ad revenue comes into the coffers of the Mountain View company. Also helping Google soar and Apple flop is a report released Monday with an estimate that 58% of all app downloads in 2013 will be on the Android platform, while only 33% of such downloads will be over the iOS platform.

source: Investor'sBusinessDaily

Two ships passing, Apple (L) and Google
Two ships passing, Apple (L) and Google

Two ships passing, Apple (L) and Google


81 Comments
  • Options
    Close





posted on 04 Mar 2013, 17:34 5

59. _PHug_ (Posts: 458; Member since: 11 Oct 2011)


Wait... so you're hoping for lawsuits to bring Apple back, not their products?

posted on 04 Mar 2013, 13:35 53

1. Droiddoes (unregistered)


haha..ha...hahahah...HAHAHAHHAHAH!!!
How do you like them apples! Burn baby burn!

posted on 04 Mar 2013, 14:03 32

14. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)


It would seem that Apple's time has gone. Not even leaking about an iWatch is helping them. There are beginning to be similarities with RIM appearing - chief of which is the arrogance about how they know what the consumer wants better than the consumer does.

Newton (what goes up must come down, and what-not) had it right on so many levels....

posted on 04 Mar 2013, 14:13 1

15. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)


Don't kid yourself: Apple still has enough reserve money to buy Google, MSFT, and a few other tech companies as well. They'll be back at it soon enough, and there will be new patent wars as well. Android OEM's are extremely vulnerable, and one minor court victory for Samsung reducing damage costs won't save the rest of the bunch from being mauled individually...

There is room on the block for everybody, if seeing the level of animosity between fans of the different OS's, I can only assume there will be some bitter conflicts between these companies in the days ahead. May the best man - I mean OS - triumph.

posted on 04 Mar 2013, 14:17 27

17. Droiddoes (unregistered)


"There is room on the block for everybody"

Not according to apple, which is why they suck ass.

posted on 04 Mar 2013, 14:20 12

19. XPERIA-KNIGHT (unregistered)


Just cuz you have enough money to buy somthing or someone doesnt mean that company will allow you to buy them!

Thats the essence of pride my friend.....apple may have more money but just buying google off is hilarious to think of:

posted on 04 Mar 2013, 15:38 8

33. PapaSmurf (Posts: 10457; Member since: 14 May 2012)


Mxyzptlk, did you not read the article at all? Apple's stock fell 40% since the launch of the iPhone 5 release. Based on your logic, they're doing well. This just shows how biased and narrow minded you are in tech.

posted on 04 Mar 2013, 15:08 9

23. Droiddoes (unregistered)


Exactly. WTF backards country does he live in where someone can just go "Hey here's a bunch of money. I own your s*** now."

posted on 04 Mar 2013, 15:10 2

24. Mxyzptlk (unregistered)


So many gullible people in this article. Apple is doing very well. The iPhone continues to dominate.

posted on 04 Mar 2013, 15:20 1

27. nofear (Posts: 151; Member since: 22 Jun 2012)


How the hell is in the world that people sell a company when it's doing good.

posted on 04 Mar 2013, 15:24 8

28. ama3654 (Posts: 295; Member since: 27 Nov 2012)


Yeah you wish, who wants an icon board to play with?

posted on 04 Mar 2013, 15:27 5

29. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)


Sound like a desperate trolling. :D

posted on 04 Mar 2013, 15:54 4

35. Sniggly (Posts: 7305; Member since: 05 Dec 2009)


Their sales are going well. However, their stock is sinking.

This is a case of rats jumping ship because they think it's sinking.

posted on 04 Mar 2013, 15:56 5

36. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)


"Apple still has enough reserve money to buy Google"

Since you claim that Apple has enough money to purchase Google I'm curious to ask you a few questions:

1) Could you tell us how much cost Google?

2) Could you name us maximum financial limit which Apple as a company can allow for commercial operations?

3) Do you already know verdict of antitrust authorities?

posted on 04 Mar 2013, 15:57 3

37. Hemlocke (unregistered)


Perhaps you don't understand publicly traded companies?

posted on 04 Mar 2013, 16:00 6

38. lauremar (Posts: 181; Member since: 29 Feb 2012)


Myxzptlk, you're on denial... Apple is spiraling down, way down, and you're hanging on its coat tails and going down with it... Hopeless!

posted on 04 Mar 2013, 16:05 1

42. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)


War and business are the same thing, and Apple is doing what they need to do, by suing other vendors that copy and steal their technology. You may praise Samsung for the quality of their products, but they were found guilty for having stolen Apple's designs and/or intellectual property.

Desire for innovation not-with-standing, the patent wars are about having to compete in a tight market space. I'm willing to bet that you haven't seen the last of those icky lawsuits ;o)

posted on 04 Mar 2013, 16:08 3

44. QWIKSTRIKE (Posts: 1259; Member since: 09 Mar 2010)


There goes my pivot, Fibs, and Elliot wave prediction coming to bare. Guess it's more than a guess and luck. The next true support is in the 300's. Eating popcorn. and waiting for the next play.

posted on 04 Mar 2013, 16:09 5

45. lyndon420 (Posts: 4880; Member since: 11 Jul 2012)


Wierd name for a bot.

posted on 04 Mar 2013, 16:09

46. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)


Of course Apple won't buy Google; they'll go after the weaker Android OEM's, and so will Microsoft for that matter. Why kill the big fish, when you can obliterate their feeding grounds instead?

There are plenty of Android OEM's that are already paying huge licensing fees, and additional lawsuits can be brought forth, starving their already meager profit ratios. I'm not saying that I am rooting for one company to emerge as the sole dominant player, but if you think Google is safe, guess again ;o)

posted on 04 Mar 2013, 16:27 6

49. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)


"Why kill the big fish, when you can obliterate their feeding grounds instead?"

So you think that Google is a fish and Apple is a fisherman? I would say you have interesting logic because looking at Apple's shares and various other statistics, we can clearly see that fish is eating a fisherman.

posted on 04 Mar 2013, 16:30 2

50. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)


Wierd name but proper avatar. :D

posted on 04 Mar 2013, 16:30

51. jacko1977 (Posts: 428; Member since: 11 Feb 2012)


if u say so

posted on 04 Mar 2013, 16:40

54. Droiddoes (unregistered)


Yeah no.

posted on 04 Mar 2013, 16:57 2

56. QWIKSTRIKE (Posts: 1259; Member since: 09 Mar 2010)


Better read the stock reports. They are cutting orders every where. For the 1st time since they launched in Europe that they are not the lead phone being sold. In Asia, their sales are also declining. Analyst are not dumb, just unrealistic sheep's and pigs stay the course and hope for a come back.

I remember when Citi said to buy, and I can tell you then that they were selling. When a top performing "widget" cuts its orders and sales decline in areas when they were leading, analyst sell to people like you hoping for a rebound!

Then when the stock hits bottom they repurchase them if the data shows it is worthy! This is not meant to take away from what Apple has done in the game, but the MS Surface Pro, and ohter devices are now eating away at Apples weathered technology. They need to build a new mouse trap, and lead with innovation. However; I feel they will find that watch unable to make things happen unless it is so revolutionary that people have to have it.

I see the new Google Glass as something that is very revolutionary cutting edge at this point.

Apple has some what lost it's "mojo".

I am hoping they come up with something, because the iPhone made other companies like MS step up to the plate finally!

posted on 04 Mar 2013, 17:44 2

60. tedkord (Posts: 13241; Member since: 17 Jun 2009)


20% share is dominating?

Mathz is hard.

posted on 04 Mar 2013, 18:12 2

61. jroc74 (Posts: 6019; Member since: 30 Dec 2010)


This is gonna be an interesting comment section...

Good job Google. Apple....hang in there....

posted on 04 Mar 2013, 19:59 2

65. lyndon420 (Posts: 4880; Member since: 11 Jul 2012)


It's actually an old superman villian that it's using.

posted on 04 Mar 2013, 21:43 1

66. joey_sfb (Posts: 6461; Member since: 29 Mar 2012)


I love my apple crumble while I surf the Web with my Android device of the moment.

posted on 04 Mar 2013, 21:55 2

67. joey_sfb (Posts: 6461; Member since: 29 Mar 2012)


Disgusted with hard core apple fan. They would support Apple making a come back via law suit not the quality of the product which is very little to begin with.

Want to comment? Please login or register.

Latest stories