Throughout the last several days, Chinese retailers have decreased iPhone prices. This follows the lower-than-expected sales of iPhones in China announced on Jan 3. Six days later, a 10 percent reduction in the production of iPhones was also announced by Apple (AAPL).
Overall losses have been experienced by AAPL shares during this period as a possible result of these events.
Bitcoin (BTC) also suffered heavy losses between Jan 3 and 11. Though these losses were greater than Apple’s, BTC’s volatility has not affected its long-term value. In fact, the value of BTC over the last five years has greatly exceeded that of both AAPL and the S&P 500 Index.
This raises the question: Which is the better investment: Bitcoin or Apple?
![bitcoin apple](https://beincrypto.com/wp-content/uploads/2019/01/shutterstock_1100075726-1024x684.png)
A Look at Apple
Apple announced decreases in iPhone production after the close of the stock market on Jan 9. When the market reopened on Jan 10, the value of AAPL dropped nearly one percent in the first hour of the day. When the market closed for the day, AAPL had regained its lost value and exceed the previous closing price rising from $153.31 to $153.78.![APPL 3_2 _3_11](https://beincrypto.com/wp-content/uploads/2019/01/APPL-3_2-_3_11.png)
Apple Reportedly Slashes iPhone Production Yet Again https://t.co/FekRaxqKi8 pic.twitter.com/c0EloZlr8f
— BitcoinAgile (@bitcoinagile) January 9, 2019
Bitcoin vs. Apple
During this same period, Bitcoin suffered greater losses. At the close of the stock market on Jan 2, BTC was priced at $4,048.20 on Bitfinex. When the stock market closed on Jan 11, the price had dropped to $3,692.90 — 8.78 percent of its total value was lost. This is 5.12 percent higher than the loss experienced by AAPL during the same period.![BTC Price 3_2 _ 3_11](https://beincrypto.com/wp-content/uploads/2019/01/BTC-Price-3_2-_-3_11.png)
Five-Year Analysis
Examining these figures alone may give the illusion that AAPL is performing better than BTC, but this is only true for the period Jan 2 to Jan 11, 2019. A multi-year analysis illustrates that BTC continues to perform better than both AAPL and the S&P 500. During the week of Jan 6, 2014, BTC closed at $827.20. Over the next five years, it increased by nearly 350 percent — closing at $3,713.13 for the week of Jan 7, 2019.![BTC _ 5 YR](https://beincrypto.com/wp-content/uploads/2019/01/BTC-_-5-YR.png)
![APPL _ 5 YR](https://beincrypto.com/wp-content/uploads/2019/01/AAPL-_-5-YR.png)
![S&P500 _ 5 YR](https://beincrypto.com/wp-content/uploads/2019/01/S_P-500-_-5-YR.png)
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Alexander Fred
Global AI, Data Science, and Blockchain expert. Alexander writes for BeInCrypto where he completes technical analyses of various alt-coins and qualitative commentary and analysis about various cryptoassets and their potential for social integration.
Global AI, Data Science, and Blockchain expert. Alexander writes for BeInCrypto where he completes technical analyses of various alt-coins and qualitative commentary and analysis about various cryptoassets and their potential for social integration.
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