Apple's shares finish in the red for the first time since 2008

Apple's shares finish in the red for the first time since 2008
Apple's shares have long been a must own for hedge funds and mutual funds. With Thursday's closing bell, the curtain came down on the U.S. stock market for 2015. For the year, Apple stock holders experienced something that they haven't since 2008, a down year. To put this in perspective, the last time Apple's stock suffered a down year, the company was pushing the Apple iPhone 3G, and the BlackBerry Storm 9530 was supposed to be the iPhone's big challenger.

Apple closed out 2015 at $105.26, down 4.64% from the start of the year. That is a loss of $57 billion in market capitalization for the tech titan. The peak for the year was made in April as the Apple Watch release gave a temporary jolt to the stock, propelling it to $134.54. Thursday's close was down 21.76% from that high.

Despite the decline for 2015, this will be known as the year in which Apple was added to the Dow Jones Industrial Average. The Dow is the most famous of Wall Street's indices, and is comprised of 30 stocks that are supposed to represent a cross-section of American manufacturing.

Recently, some analysts have urged investors to be cautious about Apple, picking up on a slow down in the supply chain which could indicate that Apple is building fewer iPhones than expected due to weak demand. Contract manufacturer Foxconn has allegedly reduced overtime for workers, citing lower than expected holiday sales of the iPhone. Last year during its fiscal first quarter, Apple sold a record 74.5 million iPhone units. Some analysts see Apple beating that figure this year by a small amount.

The decline in 2015 is just a small blip in the long term trend. Including stock splits, the day that the OG Apple iPhone was launched Apple's stock was trading at $16.23. It is now 650% higher.
 

source: AppleInsider

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134 Comments

1. keithtae

Posts: 564; Member since: Mar 25, 2015

As much as I hate Apple, they will be fine in the future. Stock down is nothing but numbers for now. They are fine tbh.

8. GreenMan

Posts: 2697; Member since: Nov 09, 2015

Ah, Come-on PA! We're bloody geeks, not stock exchange players for crying out loud... Honestly, I didn't understand a word of it...

32. aBoss

Posts: 164; Member since: Sep 15, 2014

Apple wont be fine. The next year phone will have no headphone jack and be completely s**t. RIP Apple but most importantly RIP the legendary Steve Jobs

70. BradyCrack

Posts: 835; Member since: Dec 29, 2015

Why is everyone pissing off around removing the headphone jack? Get rid of it. Maybe it's because I'm Australian, but I have more of a chance to find a pair of wirel

71. BradyCrack

Posts: 835; Member since: Dec 29, 2015

Why is everyone pissing off around removing the headphone jack? Get rid of it. Maybe it's because I'm Australian, but I have more of a chance to find a pair of wireless headphones then cord ones. You're not stuck with the charging port.

80. Ahovking

Posts: 711; Member since: Feb 03, 2015

headphone jack are outdated and amazing still Analog.. It's time to move into the 21st century.

83. joeboxer

Posts: 51; Member since: Feb 19, 2015

True^

36. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

they have billions of USD and can even speculate the currency to lower down the USD, hence the iProduct will become cheaper outside the US. USD appreciation is the reason iphone cant sell outside US, it's more expensive due to other currency depreciation

50. torr310

Posts: 1659; Member since: Oct 27, 2011

The investors just have high expection to Apple and most of them are too greedy. Apple is still number one selling and, per reports, it took majority profit on mobile market. If Apple isn't doing well, how about others?

63. tedkord

Posts: 17357; Member since: Jun 17, 2009

Apple isn't number one selling, and haven't been for some time now.

111. jalebi2000

Posts: 181; Member since: Mar 01, 2015

apple is number 1 in profits, not selling

112. Scott93274

Posts: 6033; Member since: Aug 06, 2013

Actually, I believe that you're wrong. They still sell more iPhones than any other single OEM. Now if we were to reference operating systems then Android dwarfs iOS, but that's pitting a single company against dozens and dozens of companies and is hardly accurate.

2. TheBiz

Posts: 232; Member since: Apr 13, 2015

yay

3. TheBiz

Posts: 232; Member since: Apr 13, 2015

eat my apple apple

4. Tanujtiwari

Posts: 84; Member since: Mar 18, 2015

I gifted my girlfriend an iPhone 6. Had the best night of my life. Until she realized it was 16 gb. Ouch.

5. meanestgenius

Posts: 22049; Member since: May 28, 2014

Lmao! That literally made me laugh out loud. +1.

9. GreenMan

Posts: 2697; Member since: Nov 09, 2015

What kind of 'girlfriend' would get laid for a bloody iPhone? A pretty 'lousy' girlfriend, I guess...

30. FluffyBled unregistered

Many would lol :P

31. bur60

Posts: 981; Member since: Jul 07, 2014

I'm sorry for your ungrateful gf.

35. Hexa-core

Posts: 2131; Member since: Aug 11, 2015

16GB of non expandable storage is unacceptable by 2015 standards.

41. cdm283813

Posts: 424; Member since: Jan 10, 2015

As a iPhone 6s owner I would say that the majority of Apple owners agree with you. What I don't agree with is Android OEM updating policy. Google should enforce a strict policy for all OEM's that access the play store. It's crazy that a Android OEM can drop support for a phone that is capable of running the newest OS. It's good for the company but sucks for the customer. And while I may be bashing Android I do like Marshmallow over iOS 9 for phones. Android tablets on the other hand are useless.

57. ph00ny

Posts: 2031; Member since: May 26, 2011

So what are you missing out from the app store by not having the latest android OS? When was the last time you saw an app that required marshmallow? Lollipop? Kitkat?

53. Scott93274

Posts: 6033; Member since: Aug 06, 2013

Well, it's fine if it's a budget phone that you get your kid, but for a "high end" device that starts at $650... yeah, that's unacceptable in this day in age.

62. Mxyzptlk unregistered

Yes 16GB needs to die. Google Motorola and any other OEM you need to end the 16GB standard.

64. tedkord

Posts: 17357; Member since: Jun 17, 2009

See what he did there? Someone complained about the iPhone starting at 16gb, so he had to subtly turn it against Google/Android.

67. meanestgenius

Posts: 22049; Member since: May 28, 2014

Yep. I see it.

87. Mxyzptlk unregistered

I'm surprised you see anything at all with how blinded you are.

91. meanestgenius

Posts: 22049; Member since: May 28, 2014

Says the guy that wears Apple colored shades when viewing anything concerning smartphones. You're busted. Own up to it and let it go.

95. Mxyzptlk unregistered

So says the BlackBerry superfan who sees nothing but blackberry. You're picking fights again that you know you can't win.

97. meanestgenius

Posts: 22049; Member since: May 28, 2014

Clearly you're the one that can't win here. You're even attempting to change the subject away from the fact that Ted is absolutely correct. Someone said something about the iPhone and you passively tried to put the attention on Google and Motorola, and I'm the super-fan here? Once again, your hypocrisy shines through. And as usual, you're not man enough to admit it. You'll always be a coward too afraid to own up to your constant trolling and BS.

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