Apple shares open at new 52 week high
0. phoneArena 25 Jan 2012, 09:17 posted on
Thanks to the blowout Q1 earnings report disseminated after Monday's closing bell by Apple, the tech titan's stock has just opened at a new 52 week high, up nearly 8% from Tuesday's close; take 37 million Apple iPhone models sold, throw in short covering and you have an explosive rally...
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1. SuperAndroidEvo (Posts: 3847; Member since: 15 Apr 2011)
Yes I think that Apple is peaking. This can't go on forever. I just hope I can cash in while the wave is high not when the wave starts to calm.
Man this is tricky business.
5. c.hack (Posts: 492; Member since: 09 Dec 2009)
Oh, yeah, right. The same "Apple is peaking" statement has been made for the past 10 years. There is no sign of an inflection point. If anything, its momentum is accelerating.
8. jmoita2 (Posts: 930; Member since: 23 Dec 2011)
Momentum??? Watch out,buddy...these are famous last words,right before you lose your shirt.
22. ardent1 (Posts: 1991; Member since: 16 Apr 2011)
Netflix doesn't make high demand consumer electronics products, it's basically a middleman for videos and films.
10. JeffdaBeat (unregistered)
I've gotta agree with you there. We hear that Apple is peaking literally every year and yet their stock continues to grow. As long as people want to own a peice of Apple, their stock will continue to rise. As long as Apple doesn't make a major mistake, they will be just fine.
Funny thing, we never talk about Google peaking...
13. SuperAndroidEvo (Posts: 3847; Member since: 15 Apr 2011)
It's an observation. They are at an all time high. I say this because Apple is not innovating as they once did. The Apple iPhone 4S is not the next best thing since sliced bread.
Apple's Q4 report said it sold 37 million "iPhones". A HUGE chunk of those "iPhones" were the older & cheaper iPhone 4 & iPhone 3GS. There is going to be some HUGE buyer’s remorse from the people who bought those "iPhones" once the quad-core wave is set loose by Android.
All I am saying is that NO ONE can keep that momentum. & I hope I can cash out before the wave clams down, because it WILL calm down.
14. E.N. (Posts: 2234; Member since: 25 Jan 2009)
The 4 and iPhone 3GS was definitely a chunk, but I wouldn't say HUGE chunk. The iPhone 4S was by far their best selling phone, which means at least 33 to 50% of all devices sold. And if sales of the 3GS and 4 were so significant, they probably wouldn't have averaged $659/iphone. I don't think there will be huge buyer's remorse when quad core Android phones come out because the next iPhone will be just around the corner. And maybe you should worry about your fellow Android users and buyer's remorse, i.e. Droid Razr Maxx and Galaxy SII vs Nexus. You say Apple is not innovating, but who is? Samsung, Motorla, HTC? No. Just faster processors and bigger screens, not innovation.
Apple sold about 4 million iPhone 4S devices in the first 3 days. Yeah Apple is at an all time high, but they were at an all time high last year and the year before that. The smartphone market is continuously increasing as more people move from feature phones to Android/iOS.
Again, Android users are always looking to the future to make them feel better. There were no quad-core phones out four months ago and there's still none today, so as of now it doesn't matter. Maybe Apple will continue with the momentum, maybe it won't. We don't know.
18. xoutrageousx (Posts: 70; Member since: 22 Dec 2011)
holy s**t, I don't think no android can come back from that.
20. ardent1 (Posts: 1991; Member since: 16 Apr 2011)
Ah hem -- an inflection point per differential calculus is when Apple's price curve changes sign. There has been numerous inflection points during the past ten years+.
15. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
@superandroid. Just tell yourself that Apple just filed bankruptcy. Now go to sleep. You need it :)
2. downphoenix (Posts: 2290; Member since: 19 Jun 2010)
one thing I notice about Apple is they seem to do really well in terms of economic uncertainly. The Iphone debuted the same year the housing bubble crashed. Coincidence? They benefit from the loss of the economy.
4. c.hack (Posts: 492; Member since: 09 Dec 2009)
Your statement is mindless. The iPhone was released a good year before the recession started. The iPod was a hot product during boom years. The iPad was and is hot despite the recession.
If anything, Apple products are resistant to economic cycles.
7. downphoenix (Posts: 2290; Member since: 19 Jun 2010)
housing bubble, not recession. Housing Bubble collapsed in 2007. Look it up.
21. ardent1 (Posts: 1991; Member since: 16 Apr 2011)
If you have access to the internet, you should just look up the data like anyone else.
Using the SP/Cse-Schiller Index, the peak was June or July 2006 (using 10-city or 20-city index, respective) and we still haven't stem the decline to date.
For the 10-city index, the peak was 226.29 for 6/2006 and the latest value was 154.10 for 10/2011
6. Paden (Posts: 262; Member since: 07 Jul 2011)
Correction: It shows the value Apple products have for people even in times of economic uncertainty.
9. johnny9000 (Posts: 44; Member since: 10 Sep 2011)
Correct. I'm not even remotely a Apple fan, but the fact that people are willing to drop down 500+ per ipad and 199 at minimum for a 2 year contract for iphones at the same time gas prices are crazy and the economy is garbage just proves how wonderful Apple markets its products and how well those products are viewed worldwide.
24. EclipseGSX (Posts: 1563; Member since: 18 Oct 2011)
people are buying ipads instead of paying their mortgage lol
12. mctcm (Posts: 204; Member since: 19 Oct 2011)
The fact of the matter is that during times of inflation, equities are the best investment due to the nature of an expanding currency. This is why the federal reserve targets a range of inflation typically from -2% to 2%. During these times, your savings will devalue, retail & wholesale prices will increase, while equities increase.
23. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
@down. So does Walmart and the 99cents store. Hmmmmm, you think there's a conspiracy going on here? Lol
16. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
When will fandroids get it. Look fandies. iOS and android can coexist on this planet. They are both doing really well. They both have fanbases. They're both growing strong. Just leave it at that. There's no need for you fandroids to TRY SO HARD denying every article that comes out that talks about Apple's success. The pros have spoken that Apple is now the most valuable company in the world surpassing Exxon (for the 2nd time). It is not google. That would not change anything as far as your love for android, but that is the truth. Aren't you guys tired? It's really getting old. Apple is here to stay for a while. Don't buy idevices. None of you needs to. Stay happy with your android devices. Stop the hating.
17. aztaxia12295 (Posts: 264; Member since: 22 Nov 2009)
i will tell you google is getting to the top WAY faster than apple.
apple was incepted in 1976 (give or take a couple of years) and google was incepted in 1995-1997
google will get to the top someday but you've been trolling for quite a while, so i wouldn't talk if i were u
19. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
Then good for google. I hope they do tomorrow so fandroids can stop the hating and could sleep well :)
25. EclipseGSX (Posts: 1563; Member since: 18 Oct 2011)
haters gonna hate, if it bothers you so much the door is right there, no one makes you read the comment section or make your own comments for that matter :)
26. 530gemini (Posts: 2198; Member since: 09 Sep 2010)
@eclipse. Oh no, it does not bother me as much as my comments bother you. It actually amuses me on my free time :)
I know that haters like you will always hate, but if you don't want replies from other people, then don't post comments on here. The door is wide open for you as well. Now get out :)