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Apple shares slide by 20% since September, equals £80bn loss

Thursday, 8th November 2012 13:18 GMT By Dave Cook

Apple’s share prices have dropped by 20% since iPhone 5 launched in September, resulting in an £80 billion loss at the California company.

MCV reports that as of yesterday’s trading, Apple’s shares had sunk to a five-month low, and that the company is currently valued at around $530bn. It’s a stark change of pace when compared to Apple’s performance two months ago, when shares hit an all-time high as iPhone 5 launched on September 21st.

At the time the company was valued at $660 billion, marking a significant loss in value when compared to yesterday’s figures. MCV notes that it’s unclear exactly what is causing the drop, as iPhone 5 saw sales of five million units in its launch weekend.

However, firm competition from the Samsung Galaxy S III, a growing Android user base and the swelling tablet market could be chipping away at Apple’s income, although it’s still unclear where the issue lies.

From a gaming perspective, Apple’s key rivals are stepping up their game. The Android marketplace is seeing a rapid intake of games and players, while other companies, such as Microsoft and Sony are getting into the tablet game in a big way.

What do you think? Does Apple have a real fight on its hands going forward into increased competition, or could this just be a blip? Let us know what you think below.

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6 Comments

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  1. pukem0n

    lets hope their downfall begins, just like Nokias did

    #1 1 year ago
  2. XaosWolf

    Whilst I don’t think they’re going anywhere, and this will not likely deter them in the slightest, I really hope this makes them actually release something that isn’t an over-priced/hyped, incremental monstrosity.

    But I will say, I am heavily biased against Apple, and somewhat hypocritical as I own an iPod Touch 4G.

    (They’re still unbelievably pretentious though)

    #2 1 year ago
  3. Dragon246

    Did someone really believed 600b+ levels were sustainable?

    #3 1 year ago
  4. mistermogul

    This is the market makers putting out negativity to give strong buying opportunities.

    It’s a great time to get in…

    #4 1 year ago
  5. sg1974

    Bubbles have to burst or deflate eventually. The iPhone 5′s contribution to the share price was in the value well before its launch, so there is little else to support its ridiculous valuation at present.

    Incidentally, before anyone repeats it, Apple has never been the most valuable company ever. MS was worth almost as much in absolute terms 15 years ago, and was certainly worth more in inflation-adjusted terms (about 800bn in today’s money). Saudi Aramco was worth over 750bn seven years ago. And to those who know what they’re talking about, there are at least 25 companies genuinely worth more than Apple today – companies with massive assets (such as Aramco) rather than just high projected sales of fashionable products. Just ask Sony what changing fashions and consumer behaviour can do and does to product sales.

    #5 1 year ago
  6. TheBlackHole

    A new iPhone with few new features.

    Two generations of iPad in less than 6 months.

    An iPad mini with a poor screen and too high-a-price.

    I’m not surprised at this at all.

    #6 1 year ago