Tech News: Apple's Stock Price Crashes to Six-Month Low, No End in Sight, Says Analyst

By Anthony Shields  NOV 16, 2012 10:25 AM

Plus, Facebook opens gifts application in time for the holidays.

 


This column highlights the most useful and interesting business and financial commentary on technology every day.

Tech Crunch
Link: Apple’s Stock Price Crashes to Six-Month Low and There’s No Bottom in Sight
“The good times can’t last forever. Eventually the music dies off, the balloons pop and everyone goes home.
 
“Without sounding the hyperbole alarm, let’s look at the facts. Apple’s (NASDAQ:AAPL) stock price has declined steadily since September 19, two days before the iPhone 5 was released. Shares are off 25% since September. The stock price closed at a six-month low today. The price is still up 30% on the year but far from its 74% increase a few months back.”
 
VentureBeat
Link: Facebook Opens Gifts Up for ‘Tens of Millions,’ Adds Fab, Brookstone, and More as Partners
Facebook (NASDAQ:FB) has opened up its 'Gifts' program, which lets users send and receive real-world presents, to 'tens of millions in the United States,' the company said Thursday evening at a private event.
 
“The company also used the event tonight to add Fab, Brookstone, Dean & Deluca, BabyGap, L’Occitane, Lindt, Random House, and others to its roster of partners that you can get Gifts from.”
 
GigaOm
Link: A New Google Maps for iOS Could Be Right Around the Corner
“It looks like we’re inching closer to a Google Maps (NASDAQ:GOOG) app for iOS 6. Google has started to let people outside the company test a maps app that works on iOS, though it has not yet been submitted to Apple’s App Store, the Wall Street Journal reported Thursday.
 
“This version of Google Maps for iOS is set to be a bit different than the version that Apple stopped including as a default application on the phone this fall: The new version Google is testing “is expected to contain turn-by-turn navigation,” according to one of the Journal‘s unnamed sources.”
 
Insider Monkey
Link: Microsoft Corporation Gets Steve Wozniak’s Respect
Microsoft Corporation (NASDAQ:MSFT) has been a long-term-planning company, really working to not just produce products, but to design truly innovative platforms, software and devices that set the company apart from many competitors, including longtime rival Apple Inc. In a recent interview with tech site TechCrunch, Apple co-founder Steve Wozniak gave his old company's longtime rival some respect for the work it has been doing in the tech sector, while at the same time expressing concern that his former company could be falling behind in innovation when it produces "improved" devices every few months.”
 
The Washington Post
Link: A Look at How New Kindle Fire Device Compares With Other Large-Size Tablets
Amazon.com Inc. (NASDAQ:AMZN) started shipping a larger version of its Kindle Fire HD tablet computer on Thursday. Here’s a look at how it compares with the iPad and other tablets with similar screens.”
No positions in stocks mentioned.