Analyst: Apple iPhone 5, game over
0. phoneArena 16 Dec 2012, 23:34 posted on
Following Monday's downgrade of Apple shares by Citigroup, shares of the Cupertino based firm's suppliers have been falling on Monday as one analyst says that demand for the Apple iPhone 5 has peaked in the U.S. and was just "so-so" in China; shares of Foxconn parent Hon Hai Precision were the biggest loser as of Monday morning in Asia...
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1. wendygarett (unregistered)
I'm happy to see this hype gone :)
Sorry Apple, here's a lesson for you
4. Nikolas.Oliver (banned) (Posts: 1574; Member since: 01 Jul 2012)
will you still say "Just take my money apple" ?
49. wendygarett (unregistered)
Sure I will, it's my money after all :p
62. MeoCao (unregistered)
No offense Wendy and correct me if I'm wrong, but I guess it's your parents' money.
You are a well informed girl so I think you will think hard before giving money to Apple if it's your hard earned.
85. galokjai (Posts: 36; Member since: 20 Jul 2011)
the money you made off of white collar crimes and the money you stole from the poor/middle class?
96. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)
it was always game over for Apple since launch of iPhone 5 as the launch itself lacked fizz and energy!
Apple 'geniuses' dancing around like 'moron' monkeys apparently didnt help much to boost sales :)
11. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Actually, there is a lesson for any financial market - what goes up must come down. It is just a matter of when, not whether. Apple is just the latest example.
16. wendygarett (unregistered)
That's so true!!! Boy you studied biz college? Lol
23. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Biz college plus time in industry = lived in so many bubbles that you just know when one is occurring. Apple at $700 was just waaay too high to be sustainable.
26. wendygarett (unregistered)
I guess we are same of the kind :)
$700 is too ridiculous for me, that's why I sold it :)
I decided to buy back @ $400 but it needs some time to reach there lol
97. jroc74 (Posts: 6014; Member since: 30 Dec 2010)
Curious what your thoughts are on Google still being over $700. And that steady climb it has done over the past few years vs Apple.
On a side note....sorry I have to keep bringing this up......lol, certain folks wanted to point out that "YEA!! Apple is over $700 in stock price!!" When it was pointed out that Google was over that about a week before Apple....its was "yea but...."
When Apple stock started to fall and hasnt been back over $700 yet....not one peep. Google's has stayed higher than Apple for the most part over these past few months....still not a peep.
20. MeoCao (unregistered)
Steve Jobs was very shrewd to keep an aura around iPhone: he built up excitement with his shows at unveiling, kept people waiting in lines at Apple stores...
Tim Cook can not do Jobs' tricks and the aura is gone, without it people begin to see iPhone's true identity.
30. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
I was struck by how hard Apple tried to eliminate the wait-list for iToys. They were doing their utmost to kill the buzz around the releases. No 'one more thing...'. Then playing with the allocation model. And, and, and. When I saw that the lines were smaller for the iP4S than the iP4, I put it off to disappointment over the unmet expectations. Then the news broke about supply and quality problems and it was time to short Apple. I closed out my short position last week.
Apple probably will fall some more, but there is a saying on Wall Street (I am paraphrasing) - you can make money being a bull and you can make money being a bear, but no one makes money being a pig....
63. iDroidWin (Posts: 117; Member since: 07 Dec 2012)
I think Tim Cook is far better man than Steve Jobs was. Steve Jobs was a visionary, I admire that fact. He changed the game. But when asked to shift manufacturing back to America. He didn't. Tim Cook did. He is carrying Jobs legacy of patents war. As far I think, he will ditch it soon to invest more money in innovation. He isn't stubborn like Jobs. He shares the stage with everyone at the cost of creating charisma for himself. Tim Cook is a better balanced CEO than Steve Jobs.
75. MeoCao (unregistered)
Tim Cook may be a better man, but Jobs was surely a better businessman.
72. cncrim (Posts: 844; Member since: 15 Aug 2011)
You know that i feel bad for Tmobile, they spend all kind of money to get iphone next for so many years never have iphone. Now, the Apple device is not cool or not as hot like it use to.
84. QWIKSTRIKE (Posts: 1148; Member since: 09 Mar 2010)
My Elliot wave charts have predicted this since the wave 3 top way back when Apple hit 600.00 the 1st time. Citi Group said it was time to buy Apple a month or 2 ago. I then said never buy at a wave 5 top, and that Citi is pumping and dumping to unsuspecting buyers.
My next prediction is the stock market also has hit a wave 5 top and a C wave down will happen during or after the 1st quarter.
Doug your para phrase is very true!
92. QWIKSTRIKE (Posts: 1148; Member since: 09 Mar 2010)
I also say watch it when analyst say buy or bail.... usually you do the opposite!lol
27. -box- (Posts: 3991; Member since: 04 Jan 2012)
Bam! Called it. Apple shareholders: trade it for Samsung, Nokia, Asus, Acer, etc
81. AamirSIII (banned) (Posts: 187; Member since: 04 Oct 2012)
its just a market fluctuation and apple policy... i know rates are not fixed by the company itself but hey, THIS IS APPLE!!! richest tech company on the planet... they run the market!
its just temporary!
103. QWIKSTRIKE (Posts: 1148; Member since: 09 Mar 2010)
They can't sustain high premium for a stock that has falling demand. Let's see how this ends in the future!
12. tuminatr (Posts: 774; Member since: 23 Feb 2009)
not suprised I have predicting this for a few years, apple because of its business plan will find itself with around 10% market share and they are happy with that and so are there users
I think proplr rip and apple heads because they are soooo nuts over with what there apple products can do, they almost always fait to realise most competitors products do the same thing sometimes even better
69. The_Prototype (unregistered)
iPhone 5 just ruined the whole company...
86. galokjai (Posts: 36; Member since: 20 Jul 2011)
everyone knows you have to change to keep up with technology. Why do you think Google changed from search engine to cell phones? They are planning to go into mobile, TV, internet, and even car service. Now, that is what I call adapting.
5. MC1123 (Posts: 1255; Member since: 12 Nov 2012)
i hope people will stop bashing iPhone or any other OS that isnt related to android... i mean people, grow up!! if they like iPhone or other platform let them be..let them enjoy what they want!!!
its their money after all!
and besides, even the poorest human being wants an iPhone (yes its a fact) that includes china! and even android is booming on that huge country, most people still want iPhone but too pricey!
13. dsDoan (Posts: 229; Member since: 28 Dec 2011)
Your post started out well, until your heavy bias toward the end. Show me the study you are referring to that shows statistics proving that "most people want an iPhone but can't afford it."