Just weeks after Apple’s stock set all-time records, peaking at roughly $422 per share, the Cupertino-based company’s AAPL ticker now reads $381.32 per share as of market close on Friday. For investors, that’s a sharp $40 decrease in Apple’s stock value in a period just shy of two weeks.
While this should not be taken as any form of financial advice, the reasoning behind the decline in Apple’s stock value could be associated with the uncertainty of the company’s upcoming October 4th fall media event in Cupertino.
There have been contradicting rumors about Apple releasing an iPhone 5, iPhone 4S, low-end iPhone 4, or all three together at this event, but nothing can be absolutely confirmed at this point. There’s also a tremendous amount of pressure that Tim Cook will face as he delivers the keynote for this fall media event in the absence of Steve Jobs.