Apple stock falls despite iPad Minis rumorsOctober 8, 2012 - 20:10 AMT PanARMENIAN.Net - Even the rumor that Apple is planning to ship more than 10 million iPad Minis this quarter wasn’t enough to stop the stock’s decline, Mashable reports. Apple stock fell below $640 in early trading Monday, Oct 8 to as low as $636.66 a share, pushing the company’s market cap below $600 billion for the first time in nearly two months. That represents a decline of more than $50 billion in the company’s market value over the past three weeks. The company’s stock broke $700 a share in mid-September on the hype for the iPhone 5, but has been on decline in recent weeks as analysts cut their iPhone sales estimates due to concerns about supply constraints. More recently, Apple’s stock has been negatively impacted by reports that workers at Foxconn went on strike, potentially limiting the supply of the latest iPhone even more. Apple is still the most valuable company in the world by far. Exxon Mobil, the next most valuable company, currently has a market cap of $426 billion. Microsoft, the second most valuable tech company, has a market cap of just under $250 billion. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |