2012 has been a tumultuous year for both Apple (AAPL) and its investors. The stock, once a darling of Wall Street, has fallen precipitously from its intraday high of $705.07 on Sept. 21; shares are down nearly 23% in three months (the stock is up 26.7% YTD).
The maker of the iPhone and iPad has experienced both highs and lows this year.
Apple's 2012 highlights include:
- iPhone 5 Debut: Apple debuted its highly anticipated and widely speculated iPhone 5 to much fanfare. The tech giant sold a record-breaking 5 million iPhone 5 devices in its September opening weekend, with demand exceeding the company’s initial supply. According to Kantar Worldpanel ComTech, Apple now holds 53.3% of the U.S. smartphone market – the first time Apple has surpassed the 50% mark. Apple’s dominance with smartphone users in the U.S. can largely be attributed to sales of the iPhone 5.
- Major Patent Win: Apple also decisively won its patent infringement suit against Korean competitor Samsung this summer. The