Apple's Stock Briefly Trades Under $400 [Chart]

Posted April 17, 2013 at 6:33pm by iClarified | Please help us and submit a translation by clicking here | 3682 views

Apple's stock continued to slide today trading under $400 for the first time since December 2011.

FORTUNE lists some of the possible reasons for today's slide:
● Goldman Sachs and Lazard Capital predicting "below consensus guidance" for the June quarter
● A warning by Cirrus Logic, which makes chips for Apple, that its gross margins would go down due to a "decreased forecast for a high volume product."
● A report by Jefferies' Peter Misek suggesting that all three of Apple's anticipated new iPhones -- the iPhone 5S, the low-cost iPhone and the iPhone 6 -- would be delayed.
● Investors rushing out the door just in case Apple's earnings are even lower than expected.

Apple will announce its Q2 FY13 earnings on April 23, 2013.

Read More


Share
Add Comment
6italia0 - April 17, 2013 at 6:42pm
There's a few 4S and 4's in there too. Am I the only one to notice this? (My guess is yes)
6italia0 - April 17, 2013 at 6:44pm
Wtf somehow my comment on another video ended up on this post? Wtf? Lol
Slasher - April 18, 2013 at 7:57pm
That's not funny douchebag !
Follow iClarified
Plants vs. Zombies 2 Gets 'Dark Ages Part 2' Update
The Dark Ages Part 2 update to Plants vs. Zom...
Apple Support Page Hints at Upcoming Mac Mini Refresh
An Apple Support page may have inadvertently ...
Kindle App Gets Support for Placeholders, Notes Export, Wikipedia Smart Lookup
Microsoft OneNote for iPad Updated With Ability to Insert Files, Formatted Text, Protected Sections, More
Ford is Ditching BlackBerry in Favor of iPhone
Ford is planning to switch its corporate empl...