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Apple stock decline slows down; Zuckerberg not an iOS fan

Mark Zuckerberg's opinion on Apple's price crash has not yet been reported. (Source: NASDAQ/Newsfeed/edit)
Mark Zuckerberg's opinion on Apple's price crash has not yet been reported. (Source: NASDAQ/Newsfeed/edit)
Apple’s stock price seems to have stabilized and even briefly bounced back after days of steep decline. The NASDAQ community has offered a “bullish” rating for the stock, implying there is still plenty of optimism in the company’s recovery. However, it’s unlikely Mark Zuckerberg is going to be investing in the Cupertino-based firm any time soon.

Apple is currently trading at US$191.25 on NASDAQ after reaching a previous day’s close of a lowly US$186.80. The value of the company, at the time of writing, is an estimated US$906.8 billion. There were concerns that the stock price could slip into bear market territory, which is when investors are influenced by increased levels of pessimism over a firm's declining value.

However, an analyst for the financial services company Morgan Stanley has said that Apple’s caution in regard to production rate and sales figures has hit the stock price harder than it should have, and that investors should continue to trade optimistically in the tech giant.

One billionaire who might not be interested in buying cheap Apple stock is Mark Zuckerberg. It’s often been reported in the press that Apple chief Tim Cook and Zuckerberg are not mutual fans of each other, trading snipes about various subjects, including online privacy. Most recently, Facebook posted a statement in regard to a New York Times article about the social network’s various issues, which also includes this comment:

Android: Tim Cook has consistently criticized our business model and Mark has been equally clear he disagrees. So there’s been no need to employ anyone else to do this for us. And we’ve long encouraged our employees and executives to use Android because it is the most popular operating system in the world.

Facebook has also seen better days on the stock market; it had a price of over US$218 back in July but is now worth around US$143.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 11 > Apple stock decline slows down; Zuckerberg not an iOS fan
Daniel R Deakin, 2018-11-15 (Update: 2018-11-15)