Apple market value dropped since iPhone 5 launch

While the company mentioned that there has been a lot of success following the iPhone 5 launch, the same cannot be said about the company’s market value. This is because as compared with the time that the iPhone 5 was launched, the market value of Apple has decreased by roughly $70 billion. On Tuesday, the stock price of the company was as low as $623.55 a share thus putting the market cap at $585 billion.

Although this figure can be alarming, it wasn’t this bad during the announcement of the iPhone 5. In fact, a day after the announcement, Apple’s share increased to as high as $700 although it didn’t stay there for a very long time. After a while, the share price slowly decreased to the figure that is available today. There were a few reasons for this. One is due to the fears of the iPhone 5 supply constraints as well as a strike reported at a major Foxconn factory.

To put it on Apple’s perspective, $70 billion is not that much comparing to the company’s market cap that revolves around the higher $500 billion to the lower $600 billion. In fact, $70 billion is the combination of the market value of Dell, Facebook and LinkedIn together.