Apple gets hit hard in the stock market as shares see sharp declines

apple stock market shares decline store logo
Once seen as a stock market darling, Apple has taken quite a dramatic tumble this week as its share price continues to plummet, reports USA Today.

Apple still has more money in the bank than does the U.S. government, and the firm reached an all-time high of $134.50 a share earlier in the year. So Apple was until recently seen as the stock to watch in the market. Unfortunately, that image has now been tarnished, with Apple shares falling $6.72, or 6 percent, to $106.02, and with its stock down 8.5 percent as a whole for the week.

Because of these sharp drops, Apple’s stock price is in the red for the year for the first time, with its share price now down 3.2 percent from the start of 2015. This is slightly better than the market as a whole, which is down 3.8 percent on the year, but compared to the all-time high Apple reached earlier this year, the company is now down 20.6 percent. With such a sharp decrease, Apple itself could be viewed as having entered bear market territory.

Of course, this decline involves the disappearance of a great deal of shareholder wealth. When Apple rode the bull, investors were counting their paper wealth by the billions. However, with this strong decline, investors have now seen over $150 billion in paper wealth vanish right before their eyes.

This could of course lead to investors hopping off the Apple train while the going is still somewhat good. In addition, with the continued elimination of smartphone subsidies, customers will begin to experience the true cost of Apple smartphones, which could be a turn-off for those who are more than happy to settle for lower-priced alternatives.

This recent drop could also be seen as indicating that smartphone growth is finally stalling, though market observers are not in agreement on this point.

The biggest fear investors have seems to be how eerily similar these recent declines in Apple share prices seem to be to the period between September 2012 and July 2013, during which Apple lost an eye-opening 43 percent of its value. As was evident earlier this year, Apple has shown resilience in the face of such strong drops in value, which is why analysts remain bullish on the firm in the long term. Even so, investors can’t help but be a bit worried about this recent turn of events, especially given how the U.S. stock market has now seen its sharpest one-day drop since 2008.

Product Review

LG Gram 14 proves 2-in-1 laptops don’t need to sacrifice battery for light weight

The LG Gram 14 2-in-1 aims to be very light for a laptop that converts to a tablet. And it is. But it doesn’t skimp on the battery, and so it lasts a very long time on a charge.
Home Theater

From the Roku Ultra to the Fire TV Cube, these are the best streaming devices

There are more options for media streamers than ever, so it’s more difficult to pick the best option. But that’s why we're here. Our curated list of the best streaming devices will get you online in no time.

These point-and-shoot cameras make your smartphone pics look like cave paintings

If your smartphone camera just isn't giving you the results you're looking for, maybe it's time to step up your game. The latest and greatest point-and-shoot cameras offer large sensors, tough bodies, and long lenses -- something no phone…
Emerging Tech

The best solar chargers for your phone, tablet, and other battery-powered gear

Looking for a gizmo that can help you charge your phone while on the go? Here, we've outlined the best solar chargers on the market, whether you're looking to charge your phone once, twice, or three times over.
Home Theater

Dolby’s secret recording studio app may soon exit stealth mode

In secret testing since June, Dolby's stealth recording and social network app may soon be ready to make an appearance. Dolby 234 blends unique noise-canceling tech with Instagram-like audio filters.

Google is buying mysterious smartwatch tech from The Fossil Group for $40 million

Google is about to step up its smartwatch game. The company has agreed to buy an unnamed smartwatch technology from The Fossil Group for a hefty $40 million. Considering the acquisition, it's clear Google is serious about smartwatches.

5G phones make a lot of promises. Here’s what to really expect

There has been a lot of marketing copy expounding the potential benefits of 5G networks, but a lot less on the practical implications of 5G smartphones. There's a reason for that.

Here’s how to take a screenshot on an iPad, step by step

The ability to capture screenshots may not be the iPad's most glamorous feature, but it's one of its most useful. Here's a step-by-step guide on how to take a screenshot on an iPad, whether it's an iPad Pro from 2018 or an older iPad model.
Home Theater

Here are some common AirPods problems, and how to fix them

Apple’s AirPods are among the best fully wireless earbuds we’ve seen, but they’re not perfect. If you’re having trouble, take a look at our guide to the most common problems and what you can do to fix them.
Social Media

Here’s how to save someone’s Instagram Story to your phone

Curious about how to save someone's Instagram Story to your phone? Lucky for you, it can be done -- but it does take a few extra steps. Here's what you need to know to save Instagram Stories on both iOS and Android.

Lack of regulation means wearables aren’t held accountable for health claims

As fitness trackers become more like health monitors, some physicians are concerned they can lead to over-diagnosis of non-existent problems. It’s already happening with wearable baby monitors.

Here’s how to download podcasts and listen to them on Android or iOS

Podcasts have become a cultural staple. Here's how to download podcasts and listen to them on your Android or iOS device, and which apps to use if you're looking to get the most out of the format.

Apple banned from distributing some iPhone models in Germany

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.

Windows 10 Mobile support ending: Switch to iOS or Android, Microsoft says

A Microsoft support page detailed the company's plans to end support for Windows 10 Mobile in less than a year. Users with devices powered by the platform are suggested to switch to iOS or Android devices.