News of weak demand for the Apple iPhone 5 hits Apple's shares overnight
$705.07 on September 21st, the day that the Apple iPhone 5 launched. Since then, the Apple Maps fiasco, a shakeup in the boardroom and the success of the Samsung Galaxy S III has led to a bit of a malaise as far as the iPhone is concerned, with the feeling that iOS needs an overhaul to compete with not only Android, but also the surging Windows Phone 8.
Earnings are due out on January 23rd and some analysts, including Brian White of Topeka Capital Markets, remain bullish on the shares. White has a target of $1,111 on the stock. A very accurate call was made back in April by Elliottician Ramki Ramakrishnan who used the incredibly complex Elliott Wave analysis to predict that Apple would hit $510. At the time, the stock was at $608. We should point out that had you followed his advice and shorted Apple, you would have had to watch the stock go $97 against you at first.
With short sellers hoping that today will be the day that Apple cracks $500 on the downside, the shares are currently bid at $502.60 less than four hours before trading is scheduled to begin in New York. The shares closed Friday at $520.30.
2. MeoCao (unregistered)
I dream that open source will rule in this world, Apple can be a nice small niche brand.
3. neutralguy (Posts: 1152; Member since: 30 Apr 2012)
down down in an earlier rounddddd and sugar we're going down swingin'.
5. _Bone_ (Posts: 1750; Member since: 29 Oct 2012)
The time to buy Apple stocks is nigh, there won't be another multi-gate and the new 2-device system will give shareholder some extra trust. Just wait for the Galaxy SIV to get announced and push Apple stocks even lower, then BUY - that's the smartest Apple 'product' money can buy.
6. darkkjedii (Posts: 7791; Member since: 05 Feb 2011)
Wowww apple, whatever u do dont release the 5S. That wont b good for the future. As they say in baseball a do over is now needed.
9. PapaSmurf (Posts: 4210; Member since: 14 May 2012)
They're going to release the iPhone 5S, iPad Mini 2, and iPad 5 in March all with the same design as the previous gen. They're really becoming very predictable as of late.
18. Aeires (unregistered)
That's because they live in their comfort zone. Apple needs to get out of that comfort zone and start doing new things, end the endless minor update iterations.
7. fsnas (Posts: 83; Member since: 18 Jun 2012)
Finally, the logic has risen and the stupidity has fallen!!
8. troutsy (Posts: 166; Member since: 17 Feb 2012)
Logical = things you like?
Stupidity = things you don't like?
... That seems illogical.
10. PapaSmurf (Posts: 4210; Member since: 14 May 2012)
Well let's say you're shopping for a smartphone at AT&T. One X+ is $199 and the iPhone 5 is $199. Which one should you choose? 64GB vs 16GB? It really isn't that hard to see the bigger bang for the buck.
11. troutsy (Posts: 166; Member since: 17 Feb 2012)
Good analogy, I suppose it's also like shopping for cars. A Toyota Prius costs $24,200 and Chevy Silverado costs $23,590. Silverado is twice the size of the Prius, so it really isn't that hard to see the bigger bang for the buck.
Good consumers don't consider more than 1 factor in making a purchase?
... That also seems illogical.
16. gwuhua1984 (Posts: 1237; Member since: 06 Mar 2012)
Um... I don't see the link between cars and smartphones...
Seems pretty illogical to me...
24. cripton805 (Posts: 747; Member since: 18 Mar 2012)
He saying that people dont buy things over one feature. They will buy things they like better. For whatever reason it is.
For gods sake.
12. gmracer1 (Posts: 646; Member since: 28 Dec 2012)
Finally the people on this world are coming to their senses. The iPhone is hype. A 'smart'phone, you say? It doesn't even belong in the Smartphone category. It's an advanced basic phone. Overpriced and performs half the functions of any Android device. I sell cellphones for a living, and so many people ask for the iPhone (only because of the commercials), but once I show them what the functionality and benefits of an Android, I become a hero and save another soul. Get onboard or you're gonna be left behind to drown.
14. andro. (Posts: 1890; Member since: 16 Sep 2011)
The iphone 5 sales rush is long gone everywhere in the world outside of the US. I've said it already its being outsold by its galaxy s3 rival 3:1 and by other top androids as a whole by a fair bit. Demand is gone and i see them selling at a generally slow pace. The world has awoken
17. Jpage978 (Posts: 1; Member since: 14 Jan 2013)
I was a big apple fan, I waited to see what they did with the iphone5, was disappointed, so went to GS3, I. Have just ROOTED, I feel like Neo from the matrix now, I've gone down the rabbit hole, will. Never got back to iphone, I feel the iphone was an evolutionary step for me to what is ultimately the best OS in Android
25. cripton805 (Posts: 747; Member since: 18 Mar 2012)
We will just wait for those Windows people who falsely claim there isnt problems with their OS and its perfection.
19. Droiddoes (unregistered)
LMFAO, they deserve every single dollar they've lost. Looks like their strategy of "let's crank out the same tired underpowered novelties and just sue sue SUE everyone!" is not working out for them.
20. JunitoNH (Posts: 651; Member since: 15 Feb 2012)
Well, maybe if Apple lowered the price of unlocked devices, things would move a little easier. Paying $649 is just pure insanity, for a phone. Honestly, a phone shouldnt cost more than $300, not the same as a notebook.
22. Droiddoes (unregistered)
I'll be the first to jump up and slam the disgusting corp known as apple, but you're out of line. The unlocked/unactivated price of an iphone 5 is right in line with every other high end device. $799 for a note 2, $699 GS3 etc.
This will be hard to grasp, but high end tech is expensive. I would not want a phone made by anyone with a $300 unactivated price. Hell, most feature phones are $300 unsubsidised.
21. lyndon420 (Posts: 1359; Member since: 11 Jul 2012)
Those beloved shares are bound to keep decreasing in value as all the teens are realizing that apple products are no longer cool anymore.
23. mercorp (Posts: 917; Member since: 28 Jan 2012)
samsung employees now dancing gangnam style....