Apple drops under $600; is the moon ride over for investors?
0. phoneArena 31 Oct 2012, 11:00 posted on
Back at work after a two day Hurricane Sandy-related hiatus, Nasdaq traders are dumping shares of Apple following the management shake-up with Scott Forstall and John Broweet; shares of the Cupertino tech giant are down more than 2% and have dropped under $600 a share...
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1. jmoita2 (Posts: 930; Member since: 23 Dec 2011)
Just as I predicted... Get ready for a rough ride, Apple investors. Buckle up, because it's a looong way down.
6. dmckay12 (Posts: 243; Member since: 25 Feb 2012)
Predicting that a stock will go down is like me predicting what I will have for lunch (Jelly sandwich and flaming hot cheetos every day).
33. The_Innovation (Posts: 604; Member since: 18 Jul 2012)
You would die at a very young age at that rate.
51. troutsy (Posts: 310; Member since: 17 Feb 2012)
Michael: You were flying today, buddy.
Buster: Yes, I was flying. But a little too close to the sun.
53. dmckay12 (Posts: 243; Member since: 25 Feb 2012)
You would be correct if I didn't teach/do Kung Fu 9 hours a week and play hockey for at least 3 hours a week, while being on a medicine that requires weight gain.
54. dmckay12 (Posts: 243; Member since: 25 Feb 2012)
Not trying to be an ass, just saying I'll be fine.
61. The_Innovation (Posts: 604; Member since: 18 Jul 2012)
Keep up that diet, and we'll talk in 5 years.
62. dmckay12 (Posts: 243; Member since: 25 Feb 2012)
Sir, that is what I have had for lunch almost everyday for 12 years. I feel fine.
60. Nadr1212 (Posts: 741; Member since: 22 Sep 2012)
I'm actually not surprised because of how much $ Apple owes to companies suing it rite now
16. Commentator (Posts: 3664; Member since: 16 Aug 2011)
Just as you predicted. Wow, I wish we were all as brilliant as you. You're a fantastic financial analyst. You should get together with all the other Android fanboys on this site and start an investment firm.
21. jmoita2 (Posts: 930; Member since: 23 Dec 2011)
And how do you know I haven't??? Currently, I'm shorting Apple... and laughing all the way to the bank. lol
22. Commentator (Posts: 3664; Member since: 16 Aug 2011)
The mere fact that you said "and how do you know that I haven't", "???", and "lol" tells me that you haven't.
27. darkkjedii (Posts: 19705; Member since: 05 Feb 2011)
Lmao good one. As if stocks don't rise fall, and rise. That's the nature of business...apple is fine. This holiday season will send their stock soaring, then at some point it'll fall a bit.
46. PhenomFaz (Posts: 1235; Member since: 26 Sep 2012)
oh so now we need earthly stock advice from a jedi!...i'll pass thank you!
24. PhenomFaz (Posts: 1235; Member since: 26 Sep 2012)
and its not on a slope...more like from the edge of a very straight cliff!
47. PhenomFaz (Posts: 1235; Member since: 26 Sep 2012)
troll much yet?
and you haven't answered me from the last comment....where do you shhhh from your mouth or your a$$?
63. PhenomFaz (Posts: 1235; Member since: 26 Sep 2012)
that doesnt even mnake sense but ey how can i count on you to make any sense?
However I'll repeat my question...you shhh a lot so where do you shhhh from - your mouth or your a$$? Reason for asking is cause I am pretty sure you laugh out of your a$$..since you use LMAO a lot...so where do you shhh from?
31. JeffdaBeat (unregistered)
Not exactly. Smart investors know that you buy into stock for the long term, not the day to day. This is obviously a reaction to firing of Forstall and Browett who head two extremely important areas in Apple. I'm an iSheep and even I am a little weary of how the change will effect things. Stock prices will go up and down. I have no clue how this will turn out, but I doubt this will be the beginning of the end. All stocks were mixed today and Apple isn't exempt from that.
36. Aeires (unregistered)
Steadily declining since 21st of September, it's not just related to the recent execs being let go.
40. darkkjedii (Posts: 19705; Member since: 05 Feb 2011)
It's risen and fallen since, not a steady decline like the droiders would like. Bash as u will, but apple is fine.
42. Aeires (unregistered)
Trending decline, not up and down without pattern. Anyone with any statistics background can see that over a months worth of data shows it's in decline, not just fluctuating. It's clear as day in the graph above.
Granted, anything can change, but even the Mini didn't help it get back to level or climbing status.
43. darkkjedii (Posts: 19705; Member since: 05 Feb 2011)
Dude hit me up when apple stock falls to 1$ a share, and they close their doors for good. Until then its not even worth arguing about.
44. Aeires (unregistered)
The why did you?
55. InspectorGadget80 (unregistered)
I'd rather see them BANKRUPT
64. JeffdaBeat (unregistered)
You want to see them bankrupt? A lot of my friends have jobs with Apple...just because you have some immature hatred for a company, you want to see thousands of people that love what they do lose their jobs? Real mature bud...
59. jroc74 (Posts: 5986; Member since: 30 Dec 2010)
Gotta agree with this. See, told you there are times I agree with you....lol.
Stocks rise n fall on a daily basis. Google hasnt in a long while and havent fell alot. But its the reason why I stopped trying to play the stock market. I did sell at the right time for Zynga tho....whew.
I cant see Apple stock falling so far down that they are in trouble.
49. -box- (Posts: 3991; Member since: 04 Jan 2012)
Losing over 1/7th of value in one month is kind of a big deal.
67. roscuthiii (Posts: 2174; Member since: 18 Jul 2010)
Smart investors sit on stock long term if the stock pays dividends just for owning shares. Which Apple has historically declined to do. The stock market needs trades. It's a necessity. People sitting on trades just causes stagnation. Same as any economy.
A share's valuation is a moot point until it's sold/traded. Doesn't matter if you only paid $1 for a share that's now worth $1K... Mathematically, you're still at $-1/share until you do something with it because you can't "spend" a share.
41. AnTuTu (Posts: 1578; Member since: 14 Oct 2012)
Baby you are down down down down down :p
That's what I predicted couple of months back for "A 4 Apple" when Sammy announced its Note 2 :) I think its a good time for Scott to leave this company :)
56. someones4 (Posts: 624; Member since: 16 Sep 2012)
Every bubble will burst eventually. Check out tulip maia. The Apple of its day.
2. darkkjedii (Posts: 19705; Member since: 05 Feb 2011)
Oh lord here we go. The u know who's r gonna have a field day with this.
3. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Can we say iMaps? The manufacturing 'issues' (scratched case and what-not) didn't help, either. What is the saying - What goes up must come down?
9. MeoCao (unregistered)
It's said that Apple does not disclose iPad mini preorder numbers and that makes investors believe the numbers are not good.
18. bragzter (Posts: 52; Member since: 21 Feb 2012)
Don't think Apple has ever revealed pre order numbers, or any other company. They all say it has surpassed expectations or set record numbers. But the iPad mini steps into a market that's dominated by low cost devies from Amazon and ASUS/Google which is much better than it.
4. remixfa (Posts: 14255; Member since: 19 Dec 2008)
2% isnt much. It just seems big because of their stock price.
however, I've been saying the apple ride is going to end in the next year or 2 for quite a while if they didnt do a refresh of their line..
and they are proving they have no intentions of doing a true refresh.. unless you count iMaps.. lol.
5. Reluctant_Human (Posts: 885; Member since: 28 Jun 2012)
The stock market is fickle and analysts/investers manipulate for their own. My rule of thumb is never trust any stock analyst, lawyer or guy giving out candy in front of his tinted van. Breaking that rule can lead to a sore ***hole.
7. robocopvn (Posts: 402; Member since: 10 Mar 2010)
When it reaches the climax, it will slowly goes down. Not only stock, but everything
28. Commentator (Posts: 3664; Member since: 16 Aug 2011)
Well that's the definition of the word "climax" isn't it? The problem is to determine if Apple has hit its climax yet.
8. dragonscourgex (Posts: 307; Member since: 16 Jan 2012)
I doubt one day of drop spell doom for Apple. Now, if this trend keeps up over, say a month. Then maybe we will have something to laugh about.
30. Commentator (Posts: 3664; Member since: 16 Aug 2011)
It has though. Apple's stock has been steadily declining since late September. Maybe if they didn't copy their competitors by making bigger phones and smaller tablets, but actually started innovating on actual usability like they had been under Stevie J they wouldn't be in this problem.
(That last part was extreme speculation on my part.)
10. lauremar (Posts: 181; Member since: 29 Feb 2012)
Beginning of The End of the Apple Kingdom...
12. husfus (Posts: 62; Member since: 21 Oct 2012)
At last investors have realized that $700 for a rotten apple is irrelevant
13. infinitemethod (Posts: 149; Member since: 04 Sep 2012)
This is what happens when start making the exact same device over all platforms. Not to mention their stale, out of date OS.
14. Aeires (unregistered)
I'm wondering what the tipping point is, that point where it drops to a certain value that causes people to abandon ship over fear of losing their investment. Most likely it's a much lower value than it is, but stocks are like herds, when spooked they all stampede in one direction.
When the iPad Mini was announced, AAPL dropped almost $10 in less than two minutes when they announced the pricing. Regardless of being sold out (of how many units?), the Mini did not cause their stocks to go up like previous new models have. Even refreshed models did better for AAPL than the Mini did.
And the shopping season is going to be brutal this year. Not only is Android hot, Samsung has found a solid stride and MS is getting their stride. Apple will make a lot of money, just doubt it's going to be like previous years.
15. MartyK (Posts: 777; Member since: 11 Apr 2012)
When you spend tons of money on Lawyers and tons of money on Marketing, and a few dollars on research (looking to see who you can sue); yea it's safe to say your stocks will fall.
You don't need to be an investor/stock analyst/rocket scientist to figure this one out.
17. ilia1986 (unregistered)
The end of evil is nigh. :D
19. PhoneCritic (Posts: 667; Member since: 05 Oct 2011)
Its just the cycle. Nothing , and we all know this, last forever. As I stated before Microsoft had it day. Intel had its day. Xerox had its Day, Nokia had its day, RIM had its Day, IBM had its day, Cisco had its day, so Now Apple has had its day and it is starting to fade . Who's turn is it now ? Samsung will have its time then Google. They to will fade as the next innovative company emerges. Maybe your company maybe mines who knows?
20. ilia1986 (unregistered)
Yes, but lest hope that the next company which will "have it's day" won't be as greedy and corrupted as Apple.
29. darkkjedii (Posts: 19705; Member since: 05 Feb 2011)
His company is apple dude. He just hides it now.
23. McLTE (Posts: 804; Member since: 18 Oct 2011)
Apple's stock went up.. OMGZ!!!! They will reach 1000!!!!
Apple's stock went down.. OMGZZZZ!!! the ride is over!!!! your phone will be useless in 3 days!
Seriously, this is rediculous.. I'm getting so tired of reading these "reports" as the are all just speculative knee jerk reactions.
If Apple's stock continues to slide after a month.. 2 months.. then we could be on to something.
25. toiletcleaner (Posts: 224; Member since: 10 Oct 2012)
wen Apple saw he was losing costumer VS Google, they hurry up and announce the Ipad mini plus the new ipad. ( no the the old one, the new one. yea that one. no. no that one. anyway .... the new one ) because investors care only for $$$, and apple is full of them. google is getting little by little to the top. to the point where apple is trying all they can to stop it. but here is my message to Apple : You are to late now. Wake up
26. rusticguy (Posts: 2828; Member since: 11 Aug 2012)
So 120 billion lost in makret cap already right since 15% has dropped since a high of 700+? What a pounding the most valuable comapny has to take amidst all the launches in less than 5 weeks. Everything is selling good, all preorders get sold out in less than 48 hrs and yet stocks crash.
32. downphoenix (Posts: 3155; Member since: 19 Jun 2010)
that's because stocks aren't based on sales at all, but about image. Apple still has an inflated image, but some disappointment from Iphone 5 and Ipad Mini announcements have hurt.
34. The_Innovation (Posts: 604; Member since: 18 Jul 2012)
Who cares if "investors" are scared? The company is selling everything in its lineup at crazy rates. Investors might pussy out, but the company is getting richer as we speak.
37. _Bone_ (Posts: 2154; Member since: 29 Oct 2012)
It's a good idea to jump ship. Say Nokia is at such a low point it can only rise with Windows 8, or jump on the LG bandwagon that puts the fear into Samsung heads.