Apple's stock price plummeted 6% and has embarked on a bear market
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On Friday, Apple's stock price plummeted again, falling by 6.12%. US media said that Apple has entered a bear market for the first time in two years. After releasing its second quarter earnings report, Apple's stock price has continued to fall. Judging from the decline on Friday, Wall Street's concerns about Apple's performance have not been eliminated. The US financial news website MarketWatch reported that Apple's stock has fallen into a bear market for the first time in two years. It is said that compared with the historical high of $133 on February 23 this year, Apple's current stock price has fallen by as much as 20.3%. Many Wall Street market people believe that if a stock falls more than 20% from its high point, it can be called a bear market. According to statistics from professional companies, Apple's market value has evaporated by US$153.69 billion in the past period of plunge. The last time Apple stock entered a bear market was in 2013. At that time, Apple's stock price fell from its peak of $100.3 in September 2012 (before the stock split) to $55.79, a drop of 44%. Wall Street's main concern about Apple is that the company's business is heavily dependent on smartphones and the Chinese market. In addition, five years after the iPad tablet computer was launched, Apple has still not come up with a successful innovative product. Currently, the mobile phone business accounts for two-thirds of Apple's revenue, and Apple has experienced serious business diversification. As tablet computers have entered the sunset market, Apple's tablet revenue position has been reduced to fourth place internally, and the decline of Apple's tablets is much higher than that of other manufacturers. Apple's mobile phones are heavily dependent on the Chinese market. However, in the Chinese market, Apple's competitiveness is declining. Local brands such as Huawei, Xiaomi, and Meizu have risen with high-cost-performance mobile phones. The latest statistics show that Apple's Chinese market share ranking has declined. In addition, China's smartphone market has shown disturbing signs of saturation and shrinkage. In the second quarter of this year, smartphone sales shrank by 10%, a phenomenon that is almost unique in the world. Faced with shrinkage, Chinese mobile phone companies have begun to accelerate the development of overseas markets such as India and Brazil. The shrinking Chinese market will also threaten Apple's mobile phone sales. Recently, Apple has begun to vigorously develop the Indian market and recruit 500 mobile phone dealers. However, the price of Apple phones is three to four times that of ordinary Android phones, which is far beyond the purchasing power of ordinary Indians. In addition to the poor prospects for its mobile phone business, Apple's innovation capabilities have declined significantly. The Apple Watch launched by Cook has received poor market reviews, and Apple has refused to release watch sales data. This lack of confidence and uncertainty has already led to a decline in its stock price. In September, Apple will release two new phones, but there will be no major feature upgrades, just a new pressure-sensitive screen. Wall Street analysts believe that many Apple fans replaced their phones with larger screens as they wished last year, and this year's upgrade features are limited, so they have insufficient motivation to buy new phones. Therefore, the release of Apple's new phones will hardly stimulate Apple's phone sales and Apple's performance again. As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity. |
>>: China Automobile Dealers Association: China Automobile Retention Value Report in May 2020
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