what did apple stock do in 2008

What is the latest stock price for Apple?

The latest closing stock price for Apple as of October 23, 2019 is 243.18. The all-time high Apple stock closing price was 243.18 on October 23, 2019. The Apple 52-week high stock price is 243.24, which is 0% above the current share price. The Apple 52-week low stock price is 142.00, which is 41.6% below the current share price.

What is the all-time high Apple stock price?

1 The all-time high Apple stock closing price was 143.16 on January 26, 2021. 2 The Apple 52-week high stock price is 145.09, which is 11.2% above the current share price. 3 The Apple 52-week low stock price is 87.79, which is 32.7% below the current share price. 4 The average Apple stock price for the last 52 weeks is 120.45.

What is Apple's 52-week low stock price?

The Apple 52-week low stock price is 142.00, which is 41.7% below the current share price. The average Apple stock price for the last 52 weeks is 192.76.

Did you invest in Apple 10 years ago?

If you invested in Apple 10 years ago, that decision would have paid off. According to CNBC calculations, a $1,000 investment made on May 1, 2009, would be worth more than $13,000 as of midday May 1, 2019, for a total return of more than 1,200%.

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What was Apple stock price in 2008?

The closing price for Apple (AAPL) in 2008 was $2.61, on December 31, 2008. It was down 57.2% for the year.

What happened to Apple in 2008?

Apple sold 4.3 million iPhones in the last three months of 2008, down substantially from the 6.9 million it sold the quarter before. But that still represented an increase of 88% year to year over the 2.3 million sold in late 2007.

What caused Apple's stock collapse?

Apple has fallen during a bad week for equity markets, which are selling off stocks in nearly every industry on fears of Fed rate hikes, weakening consumer confidence, rising inflation and global supply chain challenges.

How many times has Apple split since 2008?

Since the tech hardware leader went public more than 40 years ago, Apple has split its shares five times and created massive shareholder wealth.

How did Apple survive the 2008 recession?

iPod innovation was instrumental in Apple's success But the company went against the odds that led them to success. 1. Without music, Apple would not have become so profitable. The iPod was the first big addition to the Apple product portfolio after Steve jobs returned to the company.

Which stocks went up during the 2008 recession?

Top 10 Stocks in the S&P 500 by Total Return During 2008Company Name (Ticker)1-Year Total ReturnIndustryWalmart Inc. (WMT)20.0%Discount StoresEdwards Lifesciences Corp. (EW)19.5%Medical DevicesRoss Stores Inc. (ROST)17.6%Apparel Retail7 more rows

Is Apple a good investment for 2022?

Despite the reliability of its core product categories iPhone, iPad, and Mac, Apple's services segment serves as its catalyst for future growth. For the full fiscal year 2022, analysts are forecasting revenue to climb 8% from FY 2021 levels, to $394.2 billion and earnings per share to increase 10% to $6.15.

Is Apple stock a good long-term investment?

“I think Apple, as an investment, is well suited for someone that has a moderate or higher risk tolerance, ability to withstand volatility and a long-term time horizon,” he said. “They are a leader in their industry, and typically that will present a great case for a good long-term investment.”

Will Apple stocks go back up?

Here is a number to keep in mind: by climbing back to the all-time highs of $182, AAPL stock will produce returns of 20%. This is just the gain associated with a reversal to early January 2022 levels. Not bad for a start. Having said the above, keep in mind that Apple can still dip further before recovering.

What will Apple be worth in 10 years?

The Bottom Line Assuming 18% compound annual growth over the next decade, your $10,298 investment in Apple would be worth $53,898.

What was the biggest stock split in history?

What Stock Has Split The Most In History?A stock that has a lower per-share price can attract a much broader range of investors. ... So, what stock has split the most in history? ... Apple (AAPL) has split five times.The first split happened in June of 1987. ... Apple's second stock split happened in June of 2000.More items...

How much would I have if I invested $1000 in Apple?

Over the last 21 years, Apple stock has also split several times with a 2-for-1 split in 2005, a 7-1 split in 2014 and a 4-1 split in 2020. The hypothetical investment would now be 2,857.12 shares. Based on a price of $149.31 for Apple shares at the time of writing, the $1,000 investment would now be worth $425,596.59.

When did Apple launch the MacBook Air?

What is P/E in stock?

There is only one noteworthy event that took place on that date: Macworld 2008 (January 14-18). During the keynote, Steve Jobs introduced the Macbook Air (and Time Capsule and Leopard and pre-announced the iPhone SDK which, six months later led to the app supernova). I remember that day and I remember that the stock began selling off exactly at the point when the Air was mentioned. It has never been the same since.

Did Apple's P/E recover after the recession?

P/E is a fundamental measure of potential (its reciprocal is the stock’s earnings yield.) It is usually highly correlated to the company’s growth. If that P/E is uncorrelated to past growth, there is some significant discounting of future growth. It’s the most significant (and simplest) measure of “faith” in a company.

Is Apple's GM the envy of the world?

After the earnings recession, the S&P P/E recovered close to historic levels but Apple’s P/E did not . It’s in-line with the S&P but does not obtain the 50% premium preceding the recession.

Does Apple pay premium to S&P 500?

Regardless of the adjustments with product launches, Apple’s GM is the envy of the world and is not at all correlated with the loss of faith in the company.

What stocks grew during the 2008 recession?

Still, the company received no premium to the S&P 500 P/E. Companies in the index averaged, at best, a quarter of Apple’s growth in earnings.

What were the biggest gainers in 2008?

Contrary to investor expectations, several growth stocks including Apple Inc. (NASDAQ: AAPL ), Amazon.com Inc (NASDAQ: AMZN ), and Netflix Inc. (NASDAQ: NFLX) grew during the 2008 recession, so investors don't have to ignore growth stocks to be conservative.

How did Career Education Corporation take advantage of the recession?

Back to the biggest gainers during 2008. The biggest gainers in the 2008 market crash had a lot in common. A large majority of these were ‘defensive’ stocks , which alludes to stock which are generally considered to not be risky. At a time when the global markets were falling, investors were selling and put their money in these stocks to avoid losing everything. These defensive stocks are likely to generate better returns in the next recession as well. There were also some pharmaceutical stocks that returned strong returns and these aren't as likely to deliver strong returns in the next recession for obvious reasons.

What is insider monkey?

A dark entry perhaps in this list, Career Education Corporation was able to take advantage of the recession by offering education as a surety for jobs in uncertain times. People forked out tens of thousands of dollars on degrees in the hopes that they would guarantee them a job, despite the recession, which certainly shows where the US lacks when compared to other developed nations where for-profit schools are unfathomable.

Is Netflix a recession resistant stock?

Insider Monkey is an investment website. Our monthly newsletter's stock picks returned 72% over the last 33 months and beat the S&P 500 ETFs by 33 percentage points ( see more here ). We leave no stone unturned when looking for the next great investment idea. For example Europe is set to become the world’s largest cannabis market, so we check out this European marijuana stock pitch. One of the most bullish analysts in America just put his money where his mouth is. He says, “I’m investing more today than I did back in early 2009.” So we check out his pitch. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We also rely on the best performing hedge funds ‘ buy/sell signals. [caption id="attachment_575832" align="aligncenter" width="750"]

How many Macs did Apple sell in 2008?

Currently all three stocks are among the 30 most popular stocks among hedge funds though Netflix is declining sharply in rankings. Investors know that Netflix is recession resistant but they aren't certain that it is Disney+ resistant.

How many iPhones were sold in 2008?

today announced it had set a single-quarter revenue record in the last three months of 2008, selling more than 2.5 million Macs and 4.3 million iPhones.

How much revenue did Apple make in the quarter?

Apple sold 4.3 million iPhones in the last three months of 2008, down substantially from the 6.9 million it sold the quarter before. But that still represented an increase of 88% year to year over the 2.3 million sold in late 2007.

Why did Steve Jobs leave Apple?

During the quarter, total revenue was $10.2 billion, a new single-quarter record, said Apple Chief Financial Officer Peter Oppenheimer in a Wednesday afternoon conference call with Wall Street analysts.

Did Apple lose market share?

Oppenheimer and Cook also dodged a question early in the call about CEO Steve Jobs, who earlier this month announced he was taking a six-month leave from Apple because his medical condition was "more complex" than originally thought.

Is Apple's computer sales smaller than the previous quarter?

According to analysts, however, Apple actually lost market share, at least in the U.S., when desktops were added to the mix. Last week, Gartner Inc.'s Mikako Kitagawa estimated Apple's domestic share of sales had slipped to 8%, down from 9.5% the quarter before.

Was Gottheil bullish on the iPhone?

For all the strength of Mac sales, however, Apple's computers accounted for a smaller slice of the company's total revenue than in the previous quarter and in the same quarter the year prior.

3. There are also major concerns about emerging-market economies, where consumer confidence may be waning. A strong dollar isn't helping

Gottheil was bullish on the iPhone, in particular the amount of money each one sold brings to Apple's bottom line. "They were even more transparent than they have been in the past," he said, referring to Apple's new practice of noting what revenue the iPhone would have contributed if the company didn't spread it out over a 24-month span.

4. Apple faces challenges on several fronts in China, where it is facing increased regulation as well as stiff competition from Chinese tech giants like Huawei

"In addition to weakness in demand for Apple's products in China and other emerging markets it also looks like the balance of price and features in the iPhone XR may not have been well-received by users outside of the US," the Goldman Sachs analyst Rod Hall wrote in a November 19 note.

5. The iPhone could also be subject to new tariffs threatened by President Donald Trump. Because Apple does a lot of manufacturing in Asia and China specifically, tariffs could raise the price of Apple products, potentially hurting sales

"We have reduced our iPhone XR shipment estimation from 100 million units to 70 million during the new product lifecycle for the following reasons: 1) Negative impacts on consumer confidence from the trade war, especially in the Chinese market, 2) expectations from more users for more affordable XR or the dual-camera and narrower bezel design to be provided at the current price level, and 3) competition from Huawei's Mate 20 series," the TF International Securities analyst Ming-Chi Kuo wrote in a November 12 note..

The sweet sounds of long-term gains

"While we ultimately believe this is all part of a broader negotiation with China as talks heat up over the next week, now Cook and Apple find themselves squarely at the center of the tariff talks which were previously background noise as investors try to gauge what a potential 10% tariff on iPhones and other products would do to demand and unit growth over the next 6 to 12 months if ultimately imposed," Wedbush's Dan Ives wrote in a November 26 note..

A cannabis industry disruptor? You bet!

Steve Symington (Pandora Media): When Pandora announced stronger-than-expected quarterly results a few weeks ago, at first the market rejoiced by driving shares of the streaming music specialist up more than 10% in after-hours trading.

The next big software company

Sean Williams (Cannabis Wheaton Income Corp.): Innovation has been Apple's driving force over the past decade, and it's the primary reason behind the company's 800% increase in share price, inclusive of dividends, since 2008 began. While it's difficult to say that any company can follow in its footsteps, I'd toss Cannabis Wheaton Income Corp.

How to Pin Down The Date of Disillusionment

What Other Discounting Factors Can We discard?

The Last Objection to Be Put Aside Is That of Margin Compression.

So What Happened on January 14, 2008?