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 | 4069 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
Bing for iPad Gets New Image, News, and Video Search Experiences, Refreshed UI, More
CNN App Now Lets You Watch CNN International Live
CNN has released an update to its iOS app tha...
Apple Banners Going Up Ahead of iPhone Event at the Bill Graham Civic Auditorium [Photos]
Apple May Have Acquired Real-Time Motion Capture Firm Faceshift
It appears that Apple may have acquired real-...
Apple to Launch 'Revamped iPad Keyboard', New Metal Finishes for Apple Watch?