Dallas, Texas 07/26/2013 (Financialstrend) – Apple Inc. (NASDAQ:AAPL) closed at $438.50 in the previous trading session after going down by $2.01 (or -0.46%). It has hit the day’s low at $435.81 and the day’s high at $441.40.
The company, Apple Inc, was designated as high growth company before but now it is maturing into a very consistent company. Whether the people like it or not, but Apple is a profitable company in today’s date.
Since the co-founder of the company, Steve Jobs passed away two years ago the company has gone very far. The company, Samsung has begun to take a bite out of smart phone market share of Apple which led to the 30 percent fall of the stock of Apple. This made investors wonder whether the company has any new product up its sleeve.
A year before the company had started to lose its shine but the fans of iPhone came to the rescue of the company. The analysts say that it is worthy to wait for the company like Apple to become profitable.
As there was a weak demand for the newer Galaxy S4 handset, the investors were very concerned about the sales of iPhones for the quarter of June but still, the company managed to set up a new record of more than 31 million sales of iPhone. These sales were also triggered by the heavy discounts on older iPhone models.
Since the past year, the sales of iPad have been decreasing significantly. There were theories before that the sales of iPad tablets will surpass the sales of iPhone at some point of time. The main reason that the sales of iPad decreased is that the overall sales for the iPad which also includes iPad Mini have come to a halt.
The sales have dropped by 14 percent since the past year. The sales of iPad had declined by 3 percent, year over year, even after channel inventory adjustment.