Register FAQ / Rules Forum Spy Search Today's Posts Mark Forums Read
Go Back   MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

 
 
Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
Old Jan 23, 2013, 07:45 PM   #1
MacRumors
macrumors bot
 
Join Date: Apr 2001
Apple Stock Down 10% in After Hours Trading Amidst Concerns of Flat Growth




After reporting record-breaking quarterly revenue and profit earlier today, Apple's stock has taken a 10% tumble in after hours trading. Apple posted a $13.1 billion profit for the quarter this year compared to a $13.06 billion profit in the same quarter of last year, yielding flat growth year over year.

The flat growth, as pointed out by Apple, is largely because manufacturing costs have risen, even as revenue has risen 18%. The New York Times notes that analysts were worried that about Apple's profit margins, even after Apple warned that a significant overhaul of its product line would mean high manufacturing costs in the early lives of the products.
Quote:
The results arrived with an unusual level of anticipation, even for a company as high-profile as Apple, because of anxiety among some investors about Apple's ability to sustain its growth and create new hit products. Apple's stock has lost about a quarter of its value since September, erasing more than $170 billion of its market value.
Business Insider notes that even though Apple's holiday quarter in 2012 had a week less than it did in 2011 that sales growth still wouldn't be at the point that it was.

Apple's 10% stock decline gives it a current market cap of $463.49 billion and a loss of nearly $50 billion in market capitalization from worried investors. Despite analysts' and investors' worries of year-over-year growth, The Wall Street Journal's Tom Gara notes that Apple's losses in market cap today were roughly equal the value of two Research in Motions and two Nokias.

Article Link: Apple Stock Down 10% in After Hours Trading Amidst Concerns of Flat Growth
MacRumors is offline   3 Reply With Quote

 
MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Foxconn Seeks to Offset Slowing Apple Growth With Software and Licensed Apple Accessories MacRumors MacRumors.com News Discussion 93 May 28, 2013 09:48 PM
Apple Stock Jumps on Rumors of Stock Split at Tomorrow's Shareholder Meeting MacRumors MacRumors.com News Discussion 179 Mar 3, 2013 10:37 AM
Stock trading with Pro alexstjo Mac Pro 37 Feb 24, 2013 04:48 PM
Buying Apple stock on the first trading day of 2013? raptorstv Apple, Industry and Internet Discussion 21 Jan 23, 2013 05:48 PM
Sold Out in 1 Hr, Lol, Guess Apple's Stock Stock Price Tomorrow. Jazwire iPhone 1 Sep 14, 2012 03:26 AM

Forum Jump

All times are GMT -5. The time now is 06:40 PM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC