*from www.money.cnn.com, Mar. 5, 2013 (To view original article click here.)
Take Away #1: Shares of Apple (AAPL) continue to plumb to new lows.
Key Facts and Figures:
- Apple’s stock has fallen 42%, dropping from an all-time high of $705 in September to a new 52-week low of $419 on Monday.
- Monday’s slide pushed Apple’s market capitalization below $400 billion, but clawed back above that level on Tuesday.
- Apple has ceded its title as the world’s most valuable company to ExxonMobil (XOM), which has a market cap of close to $403 billion at its current share price.
- Apple has been among the 10 worst performing stocks in the S&P 500
Take Away #2: Google (GOOG) shares continue to soar to record levels.
Key Facts and Figures:
- Google’s stock price has surged 17% so far this year hitting an all-time high Monday.
- Google’s stock price continued to climb on Tuesday surpassing its previous intraday high to reach a new all-time high of over $840 per share.
Take Away #3: Google not resting on its laurels, while Apple struggles to maintain its legacy of innovation.
Key Facts and Figures:
- Google remains the world’s leading search engine, and has been working on new consumer products and developing tools for advertisers to target those customers.
- Apple has yet to have a new blockbuster since its visionary leader passed away in 2011.
- Apple Inc. CEO Tim Cook has hinted at the potential of the Apple TV, and there are rumors of an ‘iWatch’ coming to market this year.
- Investors remained concerned about Apple’s ability to compete, as iPhone demand appears to be waning and rivals like Samsung have been taking market share.
*To view original article from www.money.cnn.com click here.