Apple’s Stock Hit Estimated At $50 Billion

Apple’s Stock Hit Estimated At $50 Billion


UK-based paper The Metro takes a stab at guessing the true impact of Apple’s recent stock hit this week, reporting that the Cupertino, CA company is said to have lost a combined $50 Billion (£32 Billion) off its total market worth, since last week.

Despite announcing a record first quarter, with sales of iPad up to 22.9 Million, iPhone sales reflecting 47.8 Million, and total revenues for the quarter sitting at $54.5 Billion, it appears the company’s investors fail to be impressed.

AAPL

That said, we are only at the beginning of 2013 — and, Apple is (no doubt) sure to have a number of announcements and product launches that it will want to share with the world, as this year progresses. Here’s hoping those get its stock price back up towards $700.

As of writing, AAPL is this morning trading at $449.83 per share, which reflects a +9.95(or 2.26%‎) point increase compared to its previous close.