Among the most recognizable names in the world of technology, Apple Inc. is
headquartered in Cupertino, California. The company employs about 200,000 people
and sells products such as iPhones and Macs. The company's stock has been steadily
rising for three years. In September 2012, the stock hit $700 per share for the first
time. It hasn't fallen below that level since then. In June 2014, the stock split seven
Among the factors that could have an impact on the company's stock price is the
ongoing legal battle between Apple and its rival Epic Games. Both companies are
based in California. It isn't clear whether Apple is winning or losing the battle, but
the ongoing lawsuit may still hurt the stock. In an interview on CNBC, Destination
Wealth Management founder and CEO Michael Yoshikami told the network that he
was still watching the stock and thought that it was an attractive opportunity.
Another factor that could be hurting the stock is the uncertainty over the App Store.
In addition, Treasury Secretary Janet Yellen recently spoke out about the need for
yields to rise. This would encourage bond markets to become more independent
from the company. Yellen also assured bond investors that the bond market was in
The low pre-market trading volume on the stock is likely to cause the price of the
stock to fluctuate, with wide bid-ask spreads and higher volatility. However, if the
company's earnings aren't as good as expected, the stock may be down in the premarket, even if it's higher in the regular session. For example, if Apple's secondquarter earnings are below the analysts' estimates, it may fall in the pre-market,
although it might rise in the regular session.
If you're interested in the stock, you can find additional information on the company
at Apple Maven. The site also provides key factors for the May 6 session, including
unit labor costs and estimated earnings.