The Fall of Apple

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While Apple is still the most valuable company in the world, its place as a leader in innovation may be shifting. Whether the company is rudderless because it no longer has Steve Jobs or if it’s a matter of other companies catching up, will 2013 see Apple’s fall to Earth?

Growth Slowing Down

Apple still makes billions of dollars annually and has seen profits rise every year since 2003, but its rapid growth may be losing speed.

Change in net income from previous year

2003      -55%

2004      300%

2005      383%

2006      48%

2007      75%

2008      78%

2009      31%

2010      70%

2011      85%

2012      60%

 

Free-falling

Apple has seen its stock prices lose about a quarter of their value in the past year, as investors have become increasingly pessimistic about the company’s future.

Stock price, past year (in dollars)

3/19/2012           601.1

3/20/2012           605.96

3/21/2012           602.5

3/22/2012           599.34

3/23/2012           596.05

3/26/2012           606.98

3/27/2012           614.48

3/28/2012           617.62

3/29/2012           609.86

3/30/2012           599.55

4/2/2012              618.63

4/3/2012              629.32

4/4/2012              624.31

4/5/2012              633.68

4/9/2012              636.23

4/10/2012           628.44

4/11/2012           626.2

4/12/2012           622.77

4/13/2012           605.23

4/16/2012           580.13

4/17/2012           609.7

4/18/2012           608.34

4/19/2012           587.44

4/20/2012           572.98

4/23/2012           571.7

4/24/2012           560.28

4/25/2012           610

4/26/2012           607.7

4/27/2012           603

4/30/2012           583.98

5/1/2012              582.13

5/2/2012              585.98

5/3/2012              581.82

5/4/2012              565.25

5/7/2012              569.48

5/8/2012              568.18

5/9/2012              569.18

5/10/2012           570.52

5/11/2012           566.71

5/14/2012           558.22

5/15/2012           553.17

5/16/2012           546.075

5/17/2012           530.12

5/18/2012           530.38

5/21/2012           561.28

5/22/2012           556.97

5/23/2012           570.56

5/24/2012           565.32

5/25/2012           562.29

5/29/2012           572.27

5/30/2012           579.17

5/31/2012           577.73

6/1/2012              560.99

6/4/2012              564.29

6/5/2012              562.83

6/6/2012              571.46

6/7/2012              571.72

6/8/2012              580.32

6/11/2012           571.17

6/12/2012           576.16

6/13/2012           572.16

6/14/2012           571.53

6/15/2012           574.13

6/18/2012           585.78

6/19/2012           587.41

6/20/2012           585.741

6/21/2012           577.67

6/22/2012           582.1

6/25/2012           570.765

6/26/2012           572.025

6/27/2012           574.5

6/28/2012           569.05

6/29/2012           584

7/2/2012              592.52

7/3/2012              599.41

7/5/2012              609.94

7/6/2012              605.88

7/9/2012              613.89

7/10/2012           608.21

7/11/2012           604.43

7/12/2012           598.9

7/13/2012           604.97

7/16/2012           606.91

7/17/2012           606.94

7/18/2012           606.26

7/19/2012           614.32

7/20/2012           604.3

7/23/2012           603.83

7/24/2012           600.92

7/25/2012           574.97

7/26/2012           574.88

7/27/2012           585.16

7/30/2012           595.03

7/31/2012           610.76

8/1/2012              606.81

8/2/2012              607.79

8/3/2012              615.7

8/6/2012              622.55

8/7/2012              620.914

8/8/2012              619.86

8/9/2012              620.73

8/10/2012           621.7

8/13/2012           630

8/14/2012           631.69

8/15/2012           630.83

8/16/2012           636.34

8/17/2012           648.11

8/20/2012           665.15

8/21/2012           656.062

8/22/2012           668.87

8/23/2012           662.63

8/24/2012           663.222

8/27/2012           675.68

8/28/2012           674.8

8/29/2012           673.466

8/30/2012           663.868

8/31/2012           665.24

9/4/2012              674.97

9/5/2012              670.23

9/6/2012              676.27

9/7/2012              680.44

9/10/2012           662.74

9/11/2012           660.59

9/12/2012           669.79

9/13/2012           682.98

9/14/2012           691.28

9/17/2012           699.781

9/18/2012           701.91

9/19/2012           702.1

9/20/2012           698.7

9/21/2012           700.095

9/24/2012           690.79

9/25/2012           673.54

9/26/2012           665.18

9/27/2012           681.32

9/28/2012           667.105

10/1/2012           659.39

10/2/2012           661.31

10/3/2012           671.45

10/4/2012           666.8

10/5/2012           652.59

10/8/2012           638.17

10/9/2012           635.85

10/10/2012        640.91

10/11/2012        628.1

10/12/2012        629.714

10/15/2012        634.76

10/16/2012        649.7925

10/17/2012        644.6136

10/18/2012        632.64

10/19/2012        609.84

10/22/2012        634.03

10/23/2012        613.3554

10/24/2012        616.83

10/25/2012        609.538

10/26/2012        604

10/31/2012        595.32

11/1/2012           596.5399

11/2/2012           576.8

11/5/2012           584.6211

11/6/2012           582.8495

11/7/2012           558.0019

11/8/2012           537.75

11/9/2012           547.06

11/12/2012        542.83

11/13/2012        542.898

11/14/2012        536.88

11/15/2012        525.62

11/16/2012        527.678

11/19/2012        565.73

11/20/2012        560.9134

11/21/2012        561.7

11/23/2012        571.5

11/26/2012        589.53

11/27/2012        584.78

11/28/2012        582.94

11/29/2012        589.36

11/30/2012        585.28

12/3/2012           586.19

12/4/2012           575.8454

12/5/2012           538.7923

12/6/2012           547.2445

12/7/2012           533.25

12/10/2012        529.8209

12/11/2012        541.388

12/12/2012        539

12/13/2012        529.69

12/14/2012        509.794

12/17/2012        518.83

12/18/2012        533.9

12/19/2012        526.31

12/20/2012        521.7302

12/21/2012        519.33

12/24/2012        520.168

12/26/2012        512.9995

12/27/2012        515.06

12/28/2012        509.5892

12/31/2012        532.1729

1/2/2013              549.03

1/3/2013              542.0959

1/4/2013              527

1/7/2013              523.9

1/8/2013              525.31

1/9/2013              517.1

1/10/2013           523.51

1/11/2013           520.3

1/14/2013           501.75

1/15/2013           485.92

1/16/2013           506.09

1/17/2013           502.68

1/18/2013           500

1/22/2013           504.77

1/23/2013           514.005

1/24/2013           450.5

1/25/2013           439.88

1/28/2013           449.83

1/29/2013           458.27

1/30/2013           456.83

1/31/2013           455.49

2/1/2013              453.62

2/4/2013              442.316

2/5/2013              457.844

2/6/2013              457.35

2/7/2013              468.22

2/8/2013              474.98

2/11/2013           479.93

2/12/2013           467.9

2/13/2013           467.01

2/14/2013           466.59

2/15/2013           460.16

2/19/2013           459.99

2/20/2013           448.85

2/21/2013           446.06

2/22/2013           450.81

2/25/2013           442.8

2/26/2013           448.97

2/27/2013           444.57

2/28/2013           441.4

3/1/2013              430.47

3/4/2013              420.05

3/5/2013              431.144

3/6/2013              425.662

3/7/2013              430.582

3/8/2013              431.72

3/11/2013           437.87

3/12/2013           428.43

3/13/2013           428.35

3/14/2013           432.5

3/15/2013           443.66

Bright Spot?

Android had consistently beaten Apple in the U.S. smartphone market, but that’s changing.

What’s the Next Big Thing?

Despite fanboys’ devotion to everything that comes from Cupertino (even if it’s just an iPod Shuffle in a new color), the company hasn’t released a device or product that represented something brand new since the 2010 release of the first iPad. You could say we’re due for a blockbuster from Apple.

Timeline of major product releases and best guesses at what’s coming next

1984: Mac

1991: PowerBook

1998: iMac

2001: iPod

2003: iTunes Store

2007: iPhone

2008: AppStore, MacBook Air

2010: iPad

2013: Smart watch, AppleTV, Siri integration into vehicles

Sources

  • Reuters
  • Fox Business
  • The Motley Fool
  • Apple
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