Apple shares hit 52 week low on Friday as stock remains pressured by sellers

Apple's shares from the day the first Apple iPhone launched, to present. Chart courtesy of Yahoo Finance

Apple's shares from the day the first Apple iPhone launched, to present. Chart courtesy of Yahoo Finance


Apple's shares hit a low on Friday of $91.85 before closing at $92.72. Friday's low is significant because it is Apple's new 52 week-low. The 52-week high is $132.97. Apple's stock has been declining since April 26th when it announced its fiscal second quarter earnings report. While the company earned $10.5 billion for the three months, it was the first quarter in the history of the iPhone that showed lower sales year-over-year.

How important has the success of the iPhone been to Apple's stock? On January 9th, 2007, when Steve Jobs introduced the Apple iPhone at MacWorld, Apple's shares were a split-adjusted $12.17. On June 29th of that year, the date that the iPhone launched, the stock was trading for a split-adjusted $16.05. The all-time high was set on July 20, 2015 at the aforementioned price of $132.97.

The last time Apple's stock traded lower than seen on Friday was on June 27, 2014, when it hit a low of $90.77. But back then, Apple's shares were rising. Now, they are falling which is making plenty of big Wall Street traders nervous. Carl Icahn, who amassed a large position in the company, sold for a reported $2 billion profit. He blamed the Chinese government for the stock sale, complaining that they are making things difficult for Apple in the country. The investor said he would consider buying back some shares once the situation in China is stable.

And as usual on that street called Wall, it is all "what have you done for me lately?" That is why some bloated Hedge Fund traders, full of self importance and impatience, are beginning to demand that Apple can CEO Tim Cook and replace him with a "visionary" like Steve Jobs. The problem with that is that guys with Jobs' vision aren't easy to find. Besides, many believe that Tim Cook has done a fabulous job running Apple.

With a market capitalization of $502.74 billion, Apple remains the world's most valuable company thanks to a similar decline by Google parent Alphabet. The latter is valued at $495.56 billion after dropping more than 7% in the weeks following a recent earnings report.

FEATURED VIDEO

75 Comments

2. scarface21173

Posts: 613; Member since: Aug 17, 2014

There maybe trouble ahead.

3. GreenMan

Posts: 2686; Member since: Nov 09, 2015

Funny how Fandroids are rejoicing, Ha! And my sympathy to those who are Americans and are enjoying seeing an American tech giant falling on it's knees... When Samsung stocks rise, they rejoice! Why? Because their hard earned money is falling on the laps of Koreans... If I was an American, I'd be a 'no holds barred' Apple fan for sure... An iExtreme, if I may...

5. xfire99

Posts: 1203; Member since: Mar 14, 2012

You are an dumb American. Who owns Android? Google isnt US company?

8. GreenMan

Posts: 2686; Member since: Nov 09, 2015

xfire99, eh? A 17 Y\O Commando armed with nothing but a Touch keyboard... Ha! Who said I'm an American? I said in my previous post: If I were an American... Learn to read and write proper English First, commando! Secondly, Apple's capital asset is nearly 800 Billion compared to Google's ~500 Billion, the last time I checked... As much as I hate Apple iPhone's prices, I don't want a world solely dominated by one OS, let it be Android or iOS.. P.S Never owned an iPhone in my life. Current phone is a Nexus 5 and Lumia 430...

25. sgodsell

Posts: 6653; Member since: Mar 16, 2013

Apple is over priced, period. No one can deny that their hardware is really over priced for what you are getting. There is no denying that fact. Especially when you see Apple charge $650 for an iPhone 6s with a low resolution display, with only 16gb of storage. Even there camera hasn't been the best on the market for a while. No other flagship device even starts at 16gb anymore. Apple is all about profits, and getting as much money as possible. If you want in the iOS camp, then Apple knows you have to pay whatever Apple wants. But their hardware is not the best or the latest tech, and hasn't been that way for years. I think the market has woke up to what Apple has been doing for years now.

38. TerryTerius unregistered

Your argument hinges on the average person being tech savvy, and knowing the differences between, say; the latest flagship available from Samsung or LG compared to Apple. That is not true. I guarantee you the average person could not tell you how the camera on the iPhone 6/s compares to the galaxy S7, LG G5 or HTC 10. Techies are not at all representative of the larger market. Remember that the comment section (here, and on other tech sites) is an echo chamber of people who have similar degrees of knowledge. If your argument was true, we would be seeing an increasing rate of Apple customers leaving for android, and that does not appear to be the case. It has more to do with people holding onto their phones for longer (and being highly satisfied with what they already have), the potential customer base shrinking, and the 6S not being a substantial upgrade over the 6. And for Apple specifically, they have been having a very hard time with the Chinese market, which also affects their growth. Not to mention the general slowdown in smart phone sales.

51. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

"I guarantee you the average person could not tell you how the camera on the iPhone 6/s compares to the galaxy S7, LG G5 or HTC 10" I agree with everything you said, but regarding this part, I agree they can't tell you off the top of their head, but they sure can see the latter are obviously better when you show it to them: https://www.youtube.com/watch?v=8uCyIjUt_b8

74. TerryTerius unregistered

I agree with you on that, 100%. I'm just not sure how much of the general public watches reviews and comparisons. That's a tough thing to figure out.

52. kiko007

Posts: 7385; Member since: Feb 17, 2016

You needn't waist your time explaining this to them. They have a hatred of Apple that can not be quelled by facts. People here don't realize that people not buying IPhones doesn't eqaul them buying Android phones. In fact it appears to be quite the opposite, with people not upgrading at all. The industry appears to be at the plateau point for growth. At this point, nothing short of a revolutionary device will make IPhone users upgrade. My 6 is about as fast as my 6S+, so speed isn't the issue. And going full in on Android is out of the question for many IPhone users for a number of reasons. It is bad for the industry as a whole right now.

83. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Really? When the Mac first started to appear at Best Buy, we were happy because it would give people a chance to price a Macnext to a Windows PC, that share the same hardware and you can see how much you are being ripped off. You dont have to know what the terms mean. BUT PEOPLE CAN COUNT. They know OCTA means 8 and dual means 2 and cores mean center or middle and they know the CPU is the computers brain. THey can see 8 is bigger than 8, They can see this phone can charge faster, they can see this phone has a higher resolution display. They can see this phone has a larger battery. They can see the dimensions and see the S is smaller than the iPhone and yet has a larger battery. You sound like Apple thinking are just stupid because they may not understand some tech terms. They dont have too. They can count. They can count that the S7 has over 50 features on the box while the iPhone has less than 25. They can see it takes their phone 3 hours to charge while the S takes just over an hour. They can see the Galaxy can be charged without a cord. They can see an S7 sitting in a glass of water and know they cant do that with their phone. You guys will never get it.

90. DnB925Art

Posts: 1165; Member since: May 23, 2013

I agree with you as well. I think there are 3 reasons that have hurt iPhone sales. 1. Removal of subsidized pricing. Most people who were used to getting phones for $200 or less are now having to buy iPhones at $650 or more. 2 year contracts and subsidized pricing hid the real cost of the phones, so now people are holding onto phones longer because they now see it costs them more. 2. I think (my opinion) Apple OS upgrades has actually hurt iPhone sales. Because Apple upgrades iOS much longer than most Android OEMs (outside of Google Nexus), most people don't see the need to upgrade to a newer model since Apple still upgrades the OS. Although the average user doesn't know or maybe even care what version of OS they are on, some do. "My iPhone 4S runs iOS 9 like the latest iPhone 6S so why should I upgrade." 3. Not many compelling new features in the latest iPhone versus older models. Sure things like Apple Pay, 3D Touch and a few other things have been added, but are they really that compelling to upgrade? The biggest sales year was when the released the 6 and 6 Plus because it introduced big screens, which for many people was a compelling feature (there was a huge market for bigger phones).

35. Sovat_fc

Posts: 224; Member since: Aug 30, 2014

GreenMan tries doing a Techie, but he ends up looking like an idiot.

49. jmill75

Posts: 121; Member since: Jul 22, 2009

Yes but when all of your eggs are in one basket...things can turn out bad! Apple - Iphone Ipad Mac TV Google - Android Search Email Cars Glass TV YouTube and about a million other things Much harder to fall when you have a huge portfolio of money makers.

71. PhoneFixer unregistered

Hopefully that graph will go down and down..

9. jroc74

Posts: 6023; Member since: Dec 30, 2010

IF....Apple falls they wont get any sympathy from me. Respect and admiration is earned, not given just because of where your company is based. From the time I could remember Apple mainly acted like a cry baby towards Samsung, Google and anybody else they felt were copying them. When they hinted at a lawsuit at Motorola for the Xoom copying the iPad....they finally jumped the shark. Palm, BB, I could feel sympathy for. MS.....I have to think about that one because of the smear campaign against Google.

23. 87186

Posts: 312; Member since: Aug 01, 2014

So in other words you look at Google as the innocent new kid in school that others tried to bully... Take your rose colored glasses off. Corporations do this non stop. Apple with their PC v Mac campaign, to Google literally selling user data. No company, no matter how big a fan you are of theirs, is innocent or in it for the customers. Google, MS, Apple...all the same. Big corporations who's main objective is to make money and absorb market share

73. jroc74

Posts: 6023; Member since: Dec 30, 2010

In my post the main topic was about companies targeting other companies.....Nothing about whether Google is the innocent new kid. What Google does with my data is no different than what Apple or MS does. MS with hotmail, targeted ads from browser history and Apple with iAds.

45. GreenMan

Posts: 2686; Member since: Nov 09, 2015

HEY FANDROIDS; Perhaps none of you, NONE, bothered to look at the stock chart above... Look at the DIP in between January 2013 and January 2014... Apple shares have dipped before... Look CLOSELY... VERY... VERY... CLOSELY... Take-off that "FANDROID RIBBON" on your eyes; it'll help... World is full of... Well... Ahem... Sewage... G'Day!

50. jmill75

Posts: 121; Member since: Jul 22, 2009

WTF What are you even talking about...

76. tedkord

Posts: 17043; Member since: Jun 17, 2009

Calm down. Jeez. Trend Apple for the past year. The stock trend is down. There are always blips, but the general trend had been down for a couple of years. That doesn't mean it can't turn around, but Apple needs to focus and get serious about competing, not just riding the past.

14. nebula

Posts: 1009; Member since: Feb 20, 2015

Ofcource rejoicing and what are you? One leg on the apples boat and the other on the android. Do you realize company like apple need a kick in the ass for the sole reason 6s still has no FHD screen, eco system is hugely wall gardened and they can give a lot more per buck. It is Steves philosophy that risen apple to the heights no othet tech company has ever climbed to but there is factor of universal greed and arrogance that might just very easily bring that company down on kness , maybe not on knees but something average withh great past. And what it has to do wirh America I dont get it.

46. GreenMan

Posts: 2686; Member since: Nov 09, 2015

@nebula Yup, one leg on Apple Boat, the other on Android... While my arse rests upon Microsoft Boat lagging behind... It's called BEING NEUTRAL... G'Day!

59. nebula

Posts: 1009; Member since: Feb 20, 2015

MS is far behind but your ass is skipping nonsense waters you are riding on. So what does it have to do with America even though you are not american ? The answer should be short and simple : Saturday trolling :)

66. meanestgenius

Posts: 21156; Member since: May 28, 2014

If you were being "neutral", you wouldn't be here bashing Android.

21. NoToFanboys

Posts: 3231; Member since: Oct 03, 2015

Your comment doesn't make any more sense than the fandroids' Have a nice day!

24. sissy246

Posts: 6894; Member since: Mar 04, 2015

I don't see apple as an American company. Yeah the office's are here but tech is made overseas. But I feel that way about any company

42. tedkord

Posts: 17043; Member since: Jun 17, 2009

I don't rejoice at any company falling or rising, but if I did, why would I be better served rejoicing about Apple, which keeps the huge majority of its profits out of our country so as to not pay tax? Why is the money going to Korea worse than it going to Ireland our the Cayman islands?

79. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

You're stupid. I'm not happy Apple is suffering. Maybe this wasn't avoidable as it has been said, no tech giants has had very good success sustaining sales with one products. There are a handful who can make such a claim. Apple is simply making the same mistake with the Mac JOBS was under the illusion thst the Mac was selling like crazy, and they were just piling up in warehouses When the 4 major carrier sent back literally millions of iPhone 5/S/C, Apple am sure saw an issue. Thus they made a good move with the iPhone 6 on some level Making it larger finally was a good move But it should have been better. The 6 should have been 1080p, the Plus should have been 1440p. Whether it needs it is not relevant IOS issues with every release. Serious issues. Not just little nagging bugs like any phone can have. I talking about a software arriving looking like a rushed beta. I said before, IOS7 has issies. This means fixing them took time away from ios8 development. Se happened with 8 and 9 came with some many issues. Now 8 months in and a 10th fix is coming. This takes time away from iOS X. Means it could arrive with lots of issues. Then Apple on the cheap. Rather then make an iPhone for lesser markets, they just wanna sell refurbished? I hope Indian doesnt change it mind. While they were wasting Rome suing people for no reason, we said they should take their money and i.prove their products. They didn't and now this is the results. They tried to sue to slow everyone down to their pace and that didn't work. It actually slowed Apple down and now it's gonna be to late. I hope Android gets 90% so Apple will no longer be able to hurt us again. At least z Microsoft went to debs and said do it our way and we will make you rich. Those who didn't, MS competed them out the market. IE didn't beat Netscape because it was free. It was because it was better and free. Apple had the cash to do better and they allowed themselves to be distracted with lame lawsuits. This is what they deserve. That doesn't mean I am happy. But this is the result of worker harder to be a bully vs working hard to keep their top position. It's easy to support a company you know wo busted their ass to do great if they fall, then you can say, they literally tried everything. Apple did nothing.

7. ibend

Posts: 6747; Member since: Sep 30, 2014

uh... did this phone site need to monitor every detail of Apple's stock changes? why not make article about other manufacturer's stocks? there are lots of not-apple brands out there

12. Iodine

Posts: 1470; Member since: Jun 19, 2014

What to say ? Apple is so underwauled I can't even take it seriously. They have over 200B in cash on hand, they want to spent over 100B in capital returns, few billions into dividents every quarter, rapidly expanding R&D costs. They got the biggest bussiness in phones, computers, tablets, smatwatches, accesories and services, they are selling tens of millions of devices every quarter and making tens of billions of profit every year. Yep, they only sold 51 million iPhone devices, so we will put out a very bad forecast... What kind of logic is that ? Who will benefit from such undervaluation ? It's laughable.

* Some comments have been hidden, because they don't meet the discussions rules.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.