This week’s stock market activity for Apple Inc. (NASDAQ:AAPL) was relatively stable, mainly due to the release of its flagship smartphone iPhone 6. The latest iPhone by Apple received overwhelming response from its customers who waited in long lines outside Apple stores hours before they opened.
Here are a few important highlights from Apple’s last week;
Apple reached a record number of four million preorder requests for iPhone 6, which was an extremely positive indicator for the release of the iPhone in the market. Apple heavily relies on its online sales, even more than their walk-in sales.
It was not all good for Apple last week; Joy Corrigan, a model and a victim of the iCloud scandal decided to sue Apple for being careless and providing “crappy” security to its customers. She said that she had warned Apple months ago about possible tampering with her account. She also asked other victims to join her in her battle against the tech giant.
The U2 album incident also created a bitter moment for Apple. U2’s album was transferred to customer accounts without their consent and the album could not be deleted. They accused Apple of invading their privacy and taking up too much storage space. Apple had to create a tool to give the customers freedom to delete the album from their accounts.
On Friday Apple wrapped up the week on a happy note with the release of iPhone 6 and 6 plus to the market. Both smartphones got outstanding response from customers who turned the event into some sort of a celebration by camping outside the stores.
Apple Inc. opened on 15th of September, Monday, with a stock value of 102.81 and reached as high as 103.05, but at the conclusion of the day dropped down by 2 percent and closed at 101.63.
On Tuesday, Apple started low at 99.8 but regained back a bit by two percent to land at 101.26. During midday it suffered a drop by 3 percent to 98.89 and at the conclusion of the day recovered a bit to close at 100.86.
Third day of the week, Wednesday, Apple opened up at 101.27; soared by .5 percent and later dropped a little reach 100.59. At the end of the day Apple closed for the day at 101.58.
Apple started Thursday with a healthy 101.93, which went even higher to 102.35, but the stock suffered a two percent loss at the end of the day, closing at 101.79.
Last day of the week was iPhone’s launch in the market. Apple opened up at 102.29 and stayed healthy till evening when it suffered a two percent drop and arrived at 100.88 to finally close at 100.96.
The progress was better than last week and analyst forecast suggests that with iPhone in the market now, the numbers will go up. Still, Apple Inc. (NASDAQ:AAPL) should hope that it doesn’t encounter any more controversies. For now the company should focus on increasing its market sales because iPhone is its primary money maker. The next for Apple should be very interesting and we will be keeping a close eye on its stock value.
