Business Insider reported that more losses have been experienced by Apple Inc. (AAPL) investors in the past three months than in the last decade of Research In Motion Limited (RIMM) and Hewlett-Packard Company (HPQ) combined. Google Inc (GOOG) also seems to have picked up on these losses, “accidentally” directing users of its finance search engine to Apple’s stock when they searched the word “sell.”
Apple Inc. (NASDAQ:AAPL) is making a bit of a recovery in morning trades today, increasing almost $16 per share or about 3 percent. However that small recovery certainly isn’t anywhere near a significant step toward erasing the massive losses felt by Apple investors this year.
In fact, as Business Insider points out, more money has been lost in shares of Apple Inc. (NASDAQ:AAPL) over the past three months than in Research In Motion Limited (NASDAQ:RIMM) and Hewlett-Packard Company (NYSE:HPQ) combined—and that’s in spite of the financial disasters that have befallen those two companies.
Both Hewlett-Packard Company (NYSE:HPQ) and Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) have had their share of disasters. Hewlett-Packard Company (NYSE:HPQ) peaked at more than $50 per share years ago, but now it’s worth a mere $14 per share. Meanwhile Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) peaked at more than $140 per share years ago, but it’s now worth only about $11 per share.
Now it may be time to group Apple Inc. (NASDAQ:AAPL) in with those two legendary disasters. The company’s stock peaked at more than $700 per share just three months ago and then lost $200 per share, trading now closer to $500 per share. Of course percentage-wise, shares of Apple Inc. (NASDAQ:AAPL) haven’t lost as much as HPQ or RIM, but dollar-wise, investors have been feeling the pinch.
Business Insider did a good job of breaking down the math for us. HPQ was valued around $120 billion at its peak valuation in 2000, although today it’s only worth approximately $30 billion. That adds up to about a $100 billion loss for investors over the past 12 years.
RIM was worth about $70 billion in 2008 when its stock peaked, although now it’s only worth about $6 billion—a loss of about $56 billion. That adds to about $165 billion in losses for investors of the two companies combined.
Apple Inc. (NASDAQ:AAPL), however, was worth about $660 billion three months ago, but now its market capitalization is down to $485 billion—a loss of $175 billion for investors in just three months. Of course long-term investors in the company are doing fine because the stock has increased since the beginning of the year, but those who were hoping to hop on for just a short ride when the stock soared probably haven’t gotten their money’s worth.
Google Inc (NASDAQ:GOOG), one of Apple’s biggest competitors in the tech world now, also seems to have picked up on the major losses experienced by investors of Apple this year. Mashable reported an interesting supposed slip-up made by Google Inc (NASDAQ:GOOG). This past week when searchers typed the word “sell” into the Google Finance search bar, they were automatically directed to Apple’s stock page.
Google Inc (NASDAQ:GOOG) released a statement to SearchEngineLand, saying that it was not deliberate. The search engine giant has since tweaked its Google Finance results to bring up a list of stocks with the ticker SELL.