Feeds

Apple stock falls to 63 per cent of all-time high

Share price fall catches up with other hi-tech stocks

  • alert
  • submit to reddit

Security for virtualized datacentres

Apple's share price closed at $86.375 - way down on the $140-plus peak it hit back in late March. Trading opened today at $87.625.

That said, the fall, broadly in line with the way all US hi-tech stocks have been going - ie. down - does appear to be slowing and possibly bottoming out.

And, looking at a chart of share price performance, AAPL's closing price Friday is pretty much where it would have ended up anyway had the price not lifted slightly the previous week during the company's Worldwide Developers Conference.

According to MacUser, the dip won't prevent Apple from splitting its stock, a move approved both by the company's board and the majority of its shareholders. The split will take place on 21 June, and see each share be converted into two new, $49 shares. ®

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.