Apple stock is up about 4 percent, but that doesn’t mean the company is doing well.
Apple is a great company, but the stock price doesn’t reflect how good the company actually is.
A year ago, the stock was worth more than $160 a share.
The company had a valuation of $1.6 trillion and was valued at about $1 trillion in March 2018.
Apple didn’t have much money left to spend, and that’s not a good sign.
Here’s how Apple stock’s price looked in March: Apple stock was down by almost 5 percent on Friday when the company reported that its quarterly earnings were slightly down on analysts’ estimates.
This is the first time Apple’s stock price has declined since the company announced the iPhone 7 and iPhone 8 on April 14, 2018.
Apple shares are up in 2018, but it is still below its lofty peak of $180 per share in February 2017.
The Apple stock market has surged more than 10 times since the beginning of the year, but its stock price is still only $20 below its peak of nearly $300 per share.
The bottom line is that Apple stock isn’t a good investment right now.
The stock price will likely rise over the next few months, but investors should keep a close eye on Apple’s business model, financial results, and growth trajectory.
