Source: Youtube/Stockmarketfunding

Apple Inc (NASDAQ:AAPL) remains one of the most widely followed stocks in the world despite critics saying that Apple is no longer an innovative company with the recent launch of its latest products, the iPhone 5C and iPhone 5S.

Apple is still one of the most searched stocks as expected from a company that continues to dominate consumer spending of electronics. It also has a market capitilisation bigger than any other public company. Apple Inc's shares may start to gain momentum after September is over.

According to analysts, market traders and investors are more likely to closely monitor the 52-week trading range. Apple's stocks may be trading at $460 again but this will not be the case any longer. The AAPL stock rose to 20 per cent from its 52-week low. However, the stock price is also 35 per cent lower from its 52-week high.

Apple Inc highest stock price was at $705.07 in Sept. 21, 2012. The new adjusted 52-week high starting on Sept. 23 will be at $695.12. This means a difference of 1 per cent.

By the second week of Oct. 2013, the 52-week high of Apple will only be at $650. By November, it will drop to a price lower than $600. Apple's 52-week high in the beginning of 2014 may be $513.74. If Apple Inc stocks will be trading at a static price of less than $460 by the end of 2013, a 52-week range of $385.10 to $513.74 will not be so bad considering $460 is closer to the upper range value.

Although it is unlikely that investors will pounce on a simple market perspective, this will make Apple's stocks look less weak and attractive.

Investors were apparently not impressed with the new iPhone 5C and iPhone 5S as stocks declined. However, it is important to focus on a longer-term trading pattern.

Apple Inc has still managed to increase its revenues and profits. Apple CEO Tim Cook still has to lead continuous innovation and keep Apple's dominance despite the competitive landscape.

RELATED STORIES