Apple (AAPL, $160.8) saw a $76.4B market cap decrease this week
Last week, Apple (AAPL) saw a significant decrease in its market capitalization, losing $76.4B and dropping 2.92% in value. The decrease in market cap can be attributed to various factors, such as weaker-than-expected earnings results, changes in market sentiment, and increased competition in the electronics/appliances industry.
In terms of earnings, Apple's Q2 2023 results were mixed. While the company reported revenue of $90.1B, beating expectations, its earnings per share (EPS) of $1.28 fell short of the estimated $1.41. The company's iPhone sales were also down compared to the same period last year, which is a concerning trend for investors. Despite these challenges, Apple's services segment, which includes the App Store, Apple Music, and iCloud, continued to perform well, with revenue of $16.9B.
When we look at the broader electronics/appliances industry, it appears that Apple is not alone in its struggles. According to A.I.dvisor's analysis of 40 stocks in the industry, 60% were in a downtrend, indicating a bearish sentiment. This trend is consistent with the overall market, which has been experiencing increased volatility in recent weeks due to rising interest rates and concerns about inflation.
Looking at AAPL's recent performance, the stock is currently in a downward trend, falling for three consecutive days as of April 12, 2023. This is viewed as a bearish sign, and investors should keep a close eye on the stock for future declines. Historical data suggests that in situations where AAPL declined for three days, the price further declined in 57% of cases within the following month. Therefore, investors should be cautious and consider their risk tolerance when investing in AAPL at this time.
Overall, while Apple's recent market cap decrease is concerning, it is important to consider the broader industry trends and potential future outlook of the company. Investors should stay informed about any updates or changes in Apple's performance and the industry as a whole to make informed investment decisions.
Aroon Indicator for AAPL shows an upward move is likely
AAPL's Aroon Indicator triggered a bullish signal on March 06, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 361 similar instances where the Aroon Indicator showed a similar pattern. In of the 361 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AAPL's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 25, 2025. You may want to consider a long position or call options on AAPL as a result. In of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AAPL just turned positive on March 25, 2025. Looking at past instances where AAPL's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .
AAPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AAPL moved below its 50-day moving average on March 10, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AAPL crossed bearishly below the 50-day moving average on March 10, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (35.461) is normal, around the industry mean (90.559). P/E Ratio (26.429) is within average values for comparable stocks, (41.858). Projected Growth (PEG Ratio) (2.092) is also within normal values, averaging (1.781). Dividend Yield (0.006) settles around the average of (0.095) among similar stocks. P/S Ratio (6.925) is also within normal values, averaging (78.268).
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General Information
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances