Introduction
Apple’s quarterly reports indicate that its growth is very slow since the debut of iPhone few years back. The stock market provides numbers that reinforce and influences the investors’ perception on the best technique to be used to identify that there is a gap. It thus calls for an invention or a breakthrough gadget that would work hand in hand with the iPad and the iPhone. This move would improve the current state of the company by increase its degree of competitiveness and covering the broader market share.
The records shed more light on the customer reaction towards Apple’s products. This simply means consumers are bypassing the products. For instance, devices such as tablets and Smartphone using Google’s Android operating system are becoming popular in the market. Profits have been realized by a phenomenon of loyal customers buying lowest price product instead of opting for the top models.
During its Fiscal third quarter, it was forecast that it would deliver little or non-revenue growth and at the same time the company would decline marking a bigger quarter erosion having experience a steady rise of profits. Apple’s stock price is factored by the lackluster performance hence recording a fall of 40% from last September peak of $705.07. This was the duration when the company introduced the latest iPhone model. The total summation shares during the day were $426.36 (Dowd, 2013 p.23).
A thorough analysis indicates that during the quarter, the company would earn $7.31 per share on $35 billion of revenue. This shows a drop from last year, which were earnings of $9.32 per share on revenue ($35billion). It therefore highlights the present position of apple’s product in the American stock market. Both profits and losses incurred give the company a clear reflection of the performance of its product hence facilitating in the development of strategic plans for productivity (Dowd, 2013 p.27).
Works Cited
Dowd, Timothy Jon. The U.S. watch market. New York: Kalorama Information, LLC, 2013. Print.
Huebner, S. S.. Stocks and the stock market. 3rd ed. Philadelphia: American Academy of Political and Social Science, 2009. Print.
