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Apple shares drop 6.4% on misinterpreted story

0. phoneArena posted on 05 Dec 2012, 23:30

Apple's shares dropped 6.4% to $538 after a Digitimes story appears to have been misinterpreted by traders who dumped the stock; part of the article hinted that the Nokia Lumia 920T could compete with the Apple iPhone 5 in China...

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1. gazmatic posted on 05 Dec 2012, 23:48 13

The shares are still too much. They cost almost as much as an unsubsidized nexus 4. So much for apple being the first trillion dollar company

3. -box- posted on 06 Dec 2012, 00:00 6

More actually... $538>350

6. brucewayne posted on 06 Dec 2012, 00:23 1

he said unsubsidised price.350 is subsidised price and unsubsided price is aournd 550.

10. TylerGrunter posted on 06 Dec 2012, 02:32 0

Unsubsidized price is $350 in the Play store.
550 is just some stupid price tag in T-Mobile.

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7. raunak posted on 06 Dec 2012, 00:33 0

he said unsubsidized

8. raunak posted on 06 Dec 2012, 00:34 0

@brucewayne sorry didnt see your comment

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18. dan86 posted on 06 Dec 2012, 13:06 0

iFall :)

2. MeoCao (unregistered) posted on 05 Dec 2012, 23:56 7

Listen to this guy Munster and risk losing your house, all speculation he says has only 1 purpose: keeping Apple's stock price up.

I think the market simply reacts to disappointing iPhone and iPad sales.

13. Aeires (unregistered) posted on 06 Dec 2012, 07:13 1

Sometimes I wonder what's more manipulated, Apple stock prices or the price of coffee. Hard to tell at times.

16. networkdood posted on 06 Dec 2012, 07:27 1

NO different than Goldman Sachs influencing the election - these analysts have a purpose in mind when reporting their predictions....

4. -box- posted on 06 Dec 2012, 00:02 5

Apple has been grossly over inflated for years. For investors' sakes I am glad it hasn't crashed completely, but it wouldn't hurt my feelings if it lost 99% of its value. $5.38/share sounds more accurate for such a low-volume company, even with their insane markups.

11. Hemlocke (unregistered) posted on 06 Dec 2012, 05:29 0

Look at their P/E and P/E/G and say that with a straight face. Apple made more than Microsoft, Google, Ebay, Yahoo, and Amazon, combined, in FY12.

5. jroc74 posted on 06 Dec 2012, 00:05 4

Where are all those folks that bragged about Apple shares being over $700? Like I said before...Google shares were on a steady rise while Apples was up n down. Now its down again from 700. Still wish I woulda got stock in Apple years ago tho...lol.

15. networkdood posted on 06 Dec 2012, 07:26 0

My grandfather has APPLE shares from the thirty years ago....not sure how many.

9. phil2n posted on 06 Dec 2012, 00:41 0

SHRINK!!!!!!

12. TROLL (limited) 5 days ago posted on 06 Dec 2012, 06:36 0

Really very good news™®©

14. networkdood posted on 06 Dec 2012, 07:26 0

'Apple Senior Vice President of Internet Software and Services Eddy Cue just sold 15,000 shares for $8.76 million shares.'

Does Eddy know something that others do not? Inside information?

17. networkdood posted on 06 Dec 2012, 07:28 0

Oh, and phonearena....you mean 8.76 million dollars...

19. rusticguy posted on 06 Dec 2012, 18:50 0

Forstall also sold good number way before departure from Apple.

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