|Page (1) of 1 - 01/25/13||email article||print page|
Apple's Difficulties Continue as Shares Tumble -- Finspreads(January 25, 2013)
LONDON -- (Marketwire) -- 01/25/13 -- Finspreads: Apple has recorded its biggest one-day drop in stock for four years, with investors beginning to question whether its dominance in the smartphone market is set to come to an end.
The Californian company saw its shares drop by 12.35 per cent to $450.50 at the end of trading on the Nasdaq yesterday (January 24th), wiping around $50 billion (£ 32 billion) off its overall value.
Apple remains the world's most valuable company, but shares have fallen by a third since September, with increasing concerns about the company's ability to compete with the challenges posed by Samsung and other Android-based devices.
The drop comes despite the company recording flat profits and a record quarterly revenue of $55 billion.
Analysts have attributed the company's difficulties to disappointing sales figures for its new iPhone 5.
Apple's disappointing performance has had a continued knock-on effect for its Asian suppliers, many of whom saw their shares slip.
LG, who supply Apple with displays, fell 3.1 per cent, and Hon Hai, who assemble iPhones and iPads saw its shares retreat by 3.2 per cent.
Find out about the Dow Jones and the Nasdaq and learn about spread betting at Finspreads.
Finspreads pioneered browser-based spread betting in the UK in 1999 by being the first provider in the industry to offer real time spread betting access via a browser.
At Finspreads, we understand that each of our clients are different -- and as such, have different levels of trading experience, goals and risk personas. That's why we offer three different types of accounts so you can pick one that best suits your specific needs as a trader. You can view our range of spread betting accounts and read about the benefits of each in our Account Types section.
We support you by offering a range of online spread betting tools and resources as well as an iPhone App that enables full account access from virtually anywhere, plus a dedicated Client Management Team who are on hand at the touch of a button.
Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.
Copyright @ Marketwire
Related Keywords: Spread betting, What is Spread Betting?, How to Spread Bet, Learn to Spread Bet, Finspreads, , Displays, Communications, Digital Audio, Smart Phone, iPods, iphone, Sales, Sales & Marketing, Management, Sales, Sales, Display, Marketwire, Apple Computer, Other,