The main highlight of the week for Apple Inc. (NASDAQ:AAPL) was its episode with Facebook when Tim Cook made a statement regarding the social network. He said that Facebook imposes ads on its customers, which spoils the whole experience of social networking. In reply, Mark Zuckerberg, CEO of Facebook stated that Apple should be concerned about lowering the prices of its products rather than pointing out flaws with the social media. Zuckerberg also stated that Apple’s management was quite distant when it comes to connecting with its customers.
Ever since iPhone 6’s release, Apple has been struggling to meet the demand of the consumers; in fact, Apple runs out of stock every now and then. 42 percent of iPhones haven’t even been made available for sale yet. Now after witnessing the impact the available 58 percent had on the market, the company would be eager to meet all the demand as soon as possible. With the holiday season upon us, Apple must be doing everything to make the most of it.
In other news, Apple resolved to raise the bar with the new iPad mini 4 by upping its specifications and making it thinner. The reason Apple has opted for iPad mini 4 is because the previous models in the miniseries didn’t do much for customers. Apple has made sure that the mini 4 covers all the loopholes that were present in the previous models. iPad mini 4 along with iPad Air Plus is Apple’s last chance at reviving the iPad series.
News regarding Apple Inc. Watch has come that it might be released later in 2015, nullifying the rumors of its release on Valentine’s Day.
Apple started trading on Monday, 1st of December, at 119.27 but couple of hours into the day the stock went down to land at 111.27. At the end of the day Apple regained a bit and closed the trading session at a value of 115.07.
Next day, Tuesday, Apple resumed trading at 113.50 and rose to 115.75 after a couple of hours into the trading session. Later on a small jolt brought the company’s stock down to 112.75. Apple closed the day, regaining a bit, at 114.63.
The following day, Wednesday, Apple opened the market at 115.75 and a miniscule profit raised the stock to 116.35. A small hiccup brought it back to 115.11. Apple closed the day poised at 115.93.
Next day, Thursday, Apple Inc. (NASDAQ:AAPL) started trading at 115.77 and instantly rose up to 117.20. Later on in the day Apple slipped back to 115.29. Apple closed the day’s trading off at 115.49.
Last day of the week at the stock market, Friday, Apple’s stock was trading at 115.99 and climbed up to 116.08 after a few hours. The hike didn’t last much as the stock fell down later on to 114.64. Apple closed the day at a satisfying value of 115.00.
So all in all Apple lost 4 percent during the entire week which, Apple wouldn’t mind; the company is currently riding the high wave and is hoping to beat Google in reaching the one trillion mark.