Apple's Share Price Experiences a Rise

Apple Inc has witnessed a rise in price in the recent trading session that the company went through in the stock market. After the release of the much awaited Apple Watch, the company failed to generate a response that it had expected to receive. In the past week, the Californian Company has been facing new lows in the stock market as the stock industry raised concerns regarding the sale and services of the new smart watch. On the other hand, one more reason why the company received a blow in the sales of the new product was that that the consumers who were interested to buy the watch were unable to do so, due to problems in the process of purchasing.  This was one of the major reasons why the company failed to meet the expectations it created in terms of making huge sales of the Apple Watch after its launch.

According to a recent research made by analysts on the company's fallen status, it was observed that the Apple's online stores, called the App Store of the company as well as iTunes which are the music store faced new lows in the market. As for the bookstore of the company, the same situation was faced in which all the stores owned by the company were victimized after the decline in Apple's share price.

An interruption in the service was also reported by Apple which is said to be one of the major reasons why the share price faced such a fall in the stock market. According to Reuters, after concerned questions the company explained in a short note that the outage that was faced by the company was due to some technical problem that it was going through internally.

Shares of Apple saw a fall in the share price by 1.8% on 11th March 2015. By the end of the trading session on the day, the share price reached $122.26. This has marked a new low for the company as the stock price managed to fall by 5.6% as compared previous successful trading sessions of the company.

As for the Apple stock news, analysts had already made predictions for the Apple Watch in which they seemed rather doubtful about the success of the smart watch and were seen to be warning the market by saying that it was likely that the company faces disappointing sales as they did not seem very positive about the new product of the company.

Analysts have also increased their price target on the company's stock after analyzing the attractive price structure that Apple offered for its new watch to its customers.