As a company it’s sometimes easy to think that Apple is invincible. It has been on an upward earnings trend for nearly a decade. That all changed as of 2015. Even though the tech giant recorded record sales of its devices, those earnings did not equal success on the stock market. Apple shares were capped at $105.26 as of last week, which is down a whopping 21.76 percent since the company’s record high in April of 2014. This had a massive impact on Apple’s market capitalization which fell $57 billion. The main culprit for this down year on the market was Apple’s loss of momentum. The iPhone market is saturated and evidence suggests that iPhone sales will seriously slow down as time progresses. Although their stock is lower than normal, most analysts haven’t started shouting “sell”. Investors are still excited about Apple’s prospects and look forward to how it will diversify its device offerings in the future. For a full breakdown read the article below!
Read the full article here: Apple Shares Suffered Their First Negative Year In Eight Years