x PhoneArena is hiring! Reviewer in the USA
  • Options
    Close






Apple's stock now in bear territory after 20% drop from peak; was Elliott Wave correct?

0. phoneArena 07 Nov 2012, 14:16 posted on

After peaking at $705 on the day the Apple iPhone 5 launched, it has been look out below for Apple's shares and the subsequent 20% drop in price brings the stock within $45 of a target of $510 that was predicted back in April...

This is a discussion for a news. To read the whole news, click here

posted on 07 Nov 2012, 16:40 8

40. PapaSmurf (Posts: 10457; Member since: 14 May 2012)


Apple is more important that oil companies?

Your sense of logic puzzles me.

posted on 08 Nov 2012, 00:50

76. gallitoking (Posts: 4720; Member since: 17 May 2011)


we are in a tech site when we say Apple is number one or Android we don't mean of the world.. again we mean in the tech world...

posted on 07 Nov 2012, 14:28 20

3. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)


Other companies are based on tech while Apple was based only on brand name (basically on nothing) and when brand name starts losing popularity Apple starts drowning.

posted on 07 Nov 2012, 15:06 12

12. matrix_neo (Posts: 334; Member since: 03 Nov 2011)


100% agree with you. They don't manufactured their own product and mostly their ideas in creating their products are based on stealing, copying and worst is claiming they created it.. With the new litigation with Samsung, it might affect more their stocks. I'm sure some stockholders doesn't like apple the way it compete, sooner or later they will leave apple.

posted on 07 Nov 2012, 15:28 4

20. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)


I just don't agree with you, Apple is based solely on tech, think about it: there's the Original iPhone, then there's the iPhone 3G, then the iPhone 3GS, the iPhone 4, the iPhone 4S, iPhone 5 and we mustn't forget the New iPads 1, 2, 3, and 4, respectively. And, now, there's the MiNiPad and the unannounced iPhone 5STD. Not to mention all those great adapters that they use on their devices and the FABULOUS Apple iMaps on iOS 6. So, you see, Apple is 'full of tech'; the kind of tech that backs-up a toilet in a power outage due to a storm. Hey, but some people's sewerage back-up is another person's gold mine.

posted on 07 Nov 2012, 15:42 4

24. XPERIA-KNIGHT (unregistered)


iphone 5 "STD" LMBOOO!

posted on 07 Nov 2012, 16:02 1

29. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)


lol..

posted on 07 Nov 2012, 15:44 3

26. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)


You did not understand me, Apple is tech company but Apple's tech is based only on brand name (marketing) and nothing more. Other companies are working on both sides high specification technologies and marketing while Apple is working almost only on one side marketing (a.k.a. fooling people).

posted on 07 Nov 2012, 16:21 1

34. cheetah2k (Posts: 1599; Member since: 16 Jan 2011)


Exactly right.

Take Samsung for example. Pretty much all of the core components that make up their phones and tablets, they actually design and build (screens, cpu's memory, etc, etc) - where as Apple claim everything they didnt make is theirs..

posted on 07 Nov 2012, 14:31 11

4. ilia1986 (unregistered)


"If so, what is this decline in Apple telling us?"

It's telling us that the human race has finally learned how to think on its own.

posted on 07 Nov 2012, 14:31 1

5. gallitoking (Posts: 4720; Member since: 17 May 2011)


is not how many times it falls but how many times it can recover

posted on 07 Nov 2012, 15:44 7

25. AnTuTu (Posts: 1580; Member since: 14 Oct 2012)


Awwwwwwww don't cry mate no one can stop this now :) lolzzzzzzz

posted on 07 Nov 2012, 16:09 5

30. Droiddoes (unregistered)


"It is not how many times it falls, but how many times it can recover."
THAT is how that sentence should have looked. All you were missing was a capital "i", a comma, and a period or even an exclamation point would've been appropriate. You are getting closer and closer to making a real sentence every day, come on man I KNOW you can do it!

posted on 07 Nov 2012, 16:34 8

38. Slammer (Posts: 1515; Member since: 03 Jun 2010)


Being one of the oldest tech geeks on this site, I've been around Apple a long time. I have tried to make my opinion as clear as possible through experience. Apple's most glorious moments were with Steve Jobs manning the ship. Now that he is no longer present, Apple's history is slowly starting to repeat itself. Steve was Apple, Apple followed Steve and the consumers loved the combination of Apple products in conjunction with his boisterous leadership. While Apple is strong, the turn has begun to happen. Apple needs to innovate strongly along with more open acceptance and less proprietization. They cannot just evolve from their present products or position. This is where the rubber meets the pavement. If not, this will be Apple's last recovery. Cheerleading blindly at this point, is ignoring the true reality of what I am trying to convey. Do Apple supporters not see the tremendous inroads competiton has made to bring more exciting products to the market? It cannot be denied. Calling products cheap in comparison of Apple, has now become irrelevant. It simply doesn't compute.

John B.

posted on 07 Nov 2012, 18:12

54. AnTuTu (Posts: 1580; Member since: 14 Oct 2012)


Well said Slammer +1.

To be very honest I liked Apple when Steve was around. But now these guys are following different approach.
They have been keep on pushing the same product which Steve led 6 years back.
Why I hate Apple now because they are accusing one of my favorite manufacturer "Samsung" without any reason.

posted on 07 Nov 2012, 20:27 3

69. Slammer (Posts: 1515; Member since: 03 Jun 2010)


We cannot deny the success and overall feat that Apple has accomplished. But, as we have seen historically, Steve Jobs was the sizzle for the steak. Apple eliminating and moving associates around, is a desperation move. We must remember that Steve Jobs hand picked both Jony Ive, Tim Cook and Scott Forstall. Whether they saw eye to eye on everything or not, this was the dream team that catapulted the company to stardom. With descention amoung the crew since Steve's passing, I fear that the vulnerability has overtaken any further success for Apple. The wealth Steve created and left for Apple will sustain them for some time. However, the very substance that elevated them to their current position; is gone.

posted on 07 Nov 2012, 17:47 4

51. jmoita2 (Posts: 930; Member since: 23 Dec 2011)


Gallito...
Below please find a link to an English Composition 101 course...

http://english.siu.edu/Resources/English_101_Course_Policies_and_Objectives.pdf

posted on 08 Nov 2012, 00:56

77. gallitoking (Posts: 4720; Member since: 17 May 2011)


at least this time you didnt said anything hateful towards Apple.. was getting tired of your same comments... when you changes your ways so will I

posted on 09 Nov 2012, 16:35 1

81. Droiddoes (unregistered)


OK, apple sucks donkey ass and so does your grammar, punctuation, and sentence structure.

LMFAO at the mentality of an apple drone. "Well sir, you can question my intelligence, insult my tenuous grasp on the english language, and call me retarded, but at least you didn't insult my god apple!"
F*cks sake...

posted on 07 Nov 2012, 14:31 8

6. Aeires (unregistered)


Nothing that a pack of lawyers can't fix.

Oh, wait.

posted on 07 Nov 2012, 14:31 6

7. messiah (Posts: 438; Member since: 19 Feb 2010)


Sell now. It only makes sense. Get your five hundred per rather than wait like RIM shareholders and get seven bucks per. It can only go down and will never go back up. Not with competition courts, human rights.

posted on 07 Nov 2012, 14:46 2

9. networkdood (Posts: 6330; Member since: 31 Mar 2010)


so, trade in your apple stock for RIM stock?

posted on 07 Nov 2012, 16:25

36. MartyK (Posts: 846; Member since: 11 Apr 2012)


In a few months you won't be able to tell the difference between the two....hahahaha

posted on 07 Nov 2012, 14:46 7

8. hobble (Posts: 130; Member since: 11 Oct 2011)


My buddy has about 3k shares of apple. I told him to sell...

posted on 07 Nov 2012, 14:48 6

10. webOSlove (unregistered)


Hello Apple, meet karma.

posted on 07 Nov 2012, 15:02

11. cretinick (Posts: 148; Member since: 25 Jan 2011)


I'm not an Apple fan. If I could I would buy all the Nexus line in November 13th. But...

It's a good moment to buy and wait until the next year iPhone and the New iPad Mini.

Apple still stay for a long time. They don't sell only tablets and Phones... They have very good and, well made, PCs and Laptops too... iTunes and app store...

posted on 07 Nov 2012, 15:26

19. ahomad (Posts: 175; Member since: 15 May 2012)


but they got to their highest, I am sure they will just go down and won't go back up. I am not saying they are going to die, but they will go down until they reach a balance (probably 510) then starts fluctuating.

posted on 07 Nov 2012, 15:37

22. Zero0 (Posts: 592; Member since: 05 Jul 2012)


Sounds about right. Their market capitalization a while ago was just unrealistic. $625 billion, I believe it was. That's basically Google, Microsoft, and Intel combined, maybe with room for a relatively tech company in there (AMD, ARM, NVIDIA, or something of that nature). If you wish, swap Amazon in for Intel.

posted on 07 Nov 2012, 15:09 3

13. The_Innovation (Posts: 610; Member since: 18 Jul 2012)


So Luke finally fired the missile into the hole of the Death Star.

posted on 07 Nov 2012, 15:09 2

14. jmoita2 (Posts: 930; Member since: 23 Dec 2011)


LMFAO!!! I just love to watch the beginning of the end for Apple with a tub of popcorn...
Must I say..."Just as I predicted"?

Want to comment? Please login or register.

Latest stories