Apple’s stock showed mild improvement when the stock market closed last Friday. Though according to a few experts the company’s stock price should be much higher than its current value, but the good news for Apple Inc. (NASDAQ:AAPL) is that it is not yet declining too alarmingly.
The tech giant has many new ventures to look forward to. There are a number of products lined up for 2015 and that will certainly help Apple in the long run. 2015 is going to be the year of Apple Watch and iPhone 7, which will surely create a lot of buzz and revenue opportunities for the company.
Apple has stopped its online sales in Russia for the time being and due to the current Russian currency value had to raise the prices of its products in the country. Now that the Russian citizens won’t be able to order Apple products online, they will have to deal with the issue of extremely expensive Apple products.
In another turn of events, Apple executives were upset at the fact that the company was investigated by BBC in China. The investigation revealed that Apple has been treating its workers unfairly by making them work in extremely harsh conditions; even juvenile cases were found to be working for Apple at odd hours and low wages. Apple stated that it offers more than what others companies are offering to its workers and that these conditions will improve with time. This controversy reflects extremely poorly on the company and shows how little regard the tech giant has for labor rights.
Apple Stock Market Roundup for the Last Week
Apple started its week on 15 December, 2014 poised at 110.70 and immediately went up to 111.60 after gaining by 1%. Later on Apple dropped down to 111.60 and the stock concluded its trading session after some improvement at 108.22.
The next day, Tuesday, Apple started trading at 106.37 and went up to 110.16 within a couple of hours. Later on Apple dropped down to 106.26 before concluding the day at 106.74.
Wednesday, Apple started trading at 107.12. Couple of hours into the day the stock went up in value to 109.84 but this rise was short lived and it slipped back to 106.82. Apple concluded the day after minor improvements at 109.41.
Thursday, Apple resumed trading at 111.87. The price went up to 112.65, but came down to 110.66 just a few hours later. The day concluded with Apple poised at 112.65.
Last day at the stock market for the week, Friday, Apple’s stock was trading at a value of 112.26. The price hiked up to 113.24 but then came down to 111.66 hours later. The day and the week concluded with Apple standing at 111.78.
Despite many controversies Apple is in a good place in terms of sales and revenue. The company has done extremely well with its iPhone 6 and hopes to gain some traction in the market with iWatch coming out next year. However being a leading corporation, the tech giant must give importance to its labors and the kind of environment it provides them. China is one of the biggest markets for any brands and Apple Inc. (NASDAQ:AAPL) does not want to get on the government’s wrong side by violating any labor rights in the country.