Apple had an eventful week. With controversies, the big unveiling ceremony and lots of movement in the stock market, the company had lots going on. Let’s have a look at how the week turned out for our beloved iPhone maker.
Apple Inc. (NASDAQ:AAPL) faced an unfortunate situation just days before it’s unveiling of the latest products, when iCloud accounts of some important and well known celebrities were hacked, leaking intimate data all across internet. In the wake of that event Apple suffered from receding stock value.
Apple regained a bit in the past week, with its release of iPhone 6 and Apple iWatch. The release of new gadgetry in the past ensured great time on the stock market, but Apple suffered a backlash from rivals and their followers who mocked the specifications of iPhone 6, calling it mediocre and a phone that is merely catching up.
Apple got on course, striking a lucrative deal with Disney. Disney will be using Apple Pay for transactions in its theme parks. The deal brought back some lost glory to Apple and recovered its position on the stock market.
At the week’s closing, Apple did better than the others but throughout remained quite rocky and up and down. Here’s how things went on for Apple in the past week.
Apple started the week on Monday, 8th September by opening in at $99.30 and remained mellow throughout the day, with only a raise of 0.1 percent during the entire day. Later on it dropped down to a value of $98.05, but at the conclusion of the day gradually recovered to stand at $98.36.
The following day Apple Inc. opened at a relatively better value of $99.11 because of the unveiling ceremony and rose up to $103.08 but the post-ceremony mocking by rivals on social media affected the stocks and Apple fell drastically to $96.14. Apple closed in at $97.99 but it was considered a day of losses. Company’s stock falling on the day of its big unveiling is something that is not at all common for the big tech giant.
Next day Apple opened at a low $98.01, had a gradual surge up to land at $101.11 but suffered from a dip again later in the day, falling to $97.76. However Apple recovered from that and closed at $101.00.
Owing to a good deal with Disney, Apple opened in at $100.45 on Thursday, had a slight rise of about 0.1 percent but later on in the day staggered back to $99.62. A little recovery helped them to reach $101.43 mark at the closing of the day.
Last day of the week on the stock market, yesterday Apple opened at a value of $101.22 and enjoyed a good run with an almost one percent elevation. Later on it had a slight slip losing one percent and then eventually closed at $101.66.
If Apple Inc. (NASDAQ:AAPL), which is one of the largest corporations in the market, can have such an unsure week at the stock market, what about the low end companies that lean on the market created by these large companies?
