Apple’s stock continued its insane downward spiral yesterday (Monday, March 4, 2013), dropping nearly two and a half percent, which brought the stock’s market cap – the total value of all purchased shares – below $400 billion (394.45B to be precise). That’s lower than it has been since January of 2012!
That’s a nearly 40% drop from the stock’s all-time high market cap of around $650 last September, when the stock hit record values of around $700 per share. Apple’s share value (and in turn, market cap) continue to decline despite all odds – and as many Apple and finance pundits have noted, beyond all reason in many cases.
With AAPL’s continued drop in value, it’s no wonder that shareholders are concerned about innovation and profit margin – it’s hard to remain positive when your stock values keep dropping through the floor. When will sanity return to Apple investors? Hopefully sooner rather than later…
