Apple closes at $450; blame the analysts?

So Apple closed Thursday at $450.50, down over 12% and the question is, who is to blame? Is it those analysts with their $1111 price targets? Which analysts called the numbers right? Who was so way off that they look silly? Why did technical analysis correctly call the decline in the stock while the Wall Streeters blew it? Read on to find out...
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55 Comments

51. Friendlysky

Posts: 54; Member since: Jul 04, 2012

Droid_X_Dougposted on 3 days ago, 00:07152 Droid_X Doung. The prospect for future earnings at present does not justify a $700 (let alone a $1,000) per share price. Apple never going to make 700 or even 600 either, the reason is because China is not an easy market to crack off. secondly, This brand is an old man brand not a new generation consumer any more. A newer Generation consumer is looking for a better technology and most advance ,beneficial products in the market. Consumer now a day they are smart by spending their money on any smart phone. . You already follow this discussion. Follow options. CancelPost Comment. .. Report

2. Cyan3boN

Posts: 446; Member since: Feb 23, 2012

Blame your phones instead.

3. wendygarett unregistered

Umm, when the share price doubled for the whole year, people will expect the earnings will be doubled as well... If you failed to do so, I'm sorry that I have to buy at the same price as last year... plus, 9billions of cash is enough for a company, but now you increased to 13billion? I'm sorry to say that you failed to invest your cash to your company... Btw, did analyst blind? They should realize that more cash means the company failed to utilize... Eventhough the risk of invest is reduced, people willing to pay higher price... But over 1000? I just Dont know how they calculate lol

20. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

1000 was a projection for Elliot wave if and only if it broke out over the 701 wave 5 top. This will never happen with out a correction regardless. Its a tactic used to pump before they dump to get stupid euphoric investors on board as they sell. ROFL In this forum some were saying it's time to dip buy, and I said that you don't dip buy at a wave 5 top, and many people bashed me. Now I am sorry to say that I still held my position as one asked if I would bet my reputation on it, but fear he and many others were tricked by lying analyst. Even Citi analyst pumped it as I said don't do it. I never bash Apple and respect it as the best trading stock in many years. It trades to technical's perfectly. My analysis were bashed and ignored by many on this site.

4. zackh121556

Posts: 132; Member since: Feb 01, 2012

No matter what number apple puts at the end of a device, or slapping an "s" at the end (3-3gs-4-4s-5...) its still the same device and we should not value it as more than it is. The isheep will continue to buy each model and continue to think all the new commercials about features like background noise is innovative. ....sorry, stocks will continue to fall...

5. MC1123

Posts: 1256; Member since: Nov 12, 2012

well i guess its really true that once you're on top you'll still go down... for example, nokia and kodak, these companies has been on business for over 100 years and they are on top..but now, nokia is screwing to gain market share again and kodak is now at bankruptcy!

6. MC1123

Posts: 1256; Member since: Nov 12, 2012

iPhone with 4.5 - 4.8" and new UI would make apple back on top again! and make multiple screen of iPhones!

7. haroonazeem638

Posts: 141; Member since: Mar 29, 2011

What the iPhone really needs is.....*drum rolls*....Android! :P

9. wendygarett unregistered

iNexus? You sure you want it? Lol :p

18. Doakie

Posts: 2478; Member since: May 06, 2009

Dude yeah. What they need is an iGalaxy S3... that'll put them on top... of 2012! Apple is withering on the branch...

8. gallison1983

Posts: 47; Member since: Dec 19, 2012

Ah, so once again we have more focus on financials and how analysts and brokers play their money games in the market. None of it actually equates into the volume of product Apple actually moved. Q4 year over year is trending up for iDevices and inconsistent for traditional PC products. Analysts are speculating on the whole Apple operation without considering that the ENTIRE market is moving rapidly towards mobile computing saturating the market. Google and Microsoft have strapped on jetpacks and are rapidly meeting Apple at their game. Neither Google or Microsoft had impressive Q4 numbers. No one is crying about that. Apple's stock compared to company performance is almost the same as the performance of gasoline in your car when compared to the price per gallon. Speculators line their pockets on market movement while the product continues unchanged and sales move forward. Methinks analysts know what they are doing and commenters on places as this are playing right along with their game.

10. speckledapple

Posts: 902; Member since: Sep 29, 2011

I give such little interest to Wall Street and their valuation nonsense.

12. xfire99

Posts: 1205; Member since: Mar 14, 2012

Its time to but now peoples and hopes the analysts have correct about Apples stock gonna reach 900US later. *.*

15. bvalde09

Posts: 191; Member since: Nov 22, 2011

It just works. :D

17. rickywinataa

Posts: 262; Member since: Apr 05, 2012

well, it's common for stock's price to go up and later on go down again. but with a lot of people that might buy apple's stock now, the price could go up again

21. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

This is true. and it is all based on fear and greed two powerful emotions and technical's, and then basic fundamentals of sales and P?E ratios. If you don't know these small basis you should not be talking as you do because you will lose your money! I mean no disrespect but I bet you are just as clueless as your basic general statement in this matter. If any one wanted to learn I could teach some real technical's and teach the Alan Andrews fork system!

30. bucky

Posts: 3776; Member since: Sep 30, 2009

We're on a cellphone site and your going off about stuff learned in first year university. Relax.

34. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

We are on a cell phone site that has posted information about a stock. This thread is a bout a stock of a cell phone so this thread, and all of its entirety is valid. If you don't want to read and possibly learn something leave the thread. I say this respectively by the way. You have a choice to leave, and not read any thing or to stay and learn how a stock reacts to a products life cycle.

36. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

It is a cellphone site, but the article is about stocks, so... technically, the commentary is on topic. Relax.

40. bucky

Posts: 3776; Member since: Sep 30, 2009

Offering part courses is a bit too serious don't you think? Relax

47. jroc74

Posts: 6023; Member since: Dec 30, 2010

I dont know about you....but from following his stock comments from last year to this year.....I might take him up on his offer. When has gaining knowledge become a bad thing? If I had a choice of reading posts about being offered lessons on the stock market...or reading fanboy nonsense.....I take the 1st option...

24. someones4

Posts: 627; Member since: Sep 16, 2012

And Samsung still has lower stock prices

48. InspectorGadget80 unregistered

Just blame the designers for making the same Iphone/ipad/imacs

49. Friendlysky

Posts: 54; Member since: Jul 04, 2012

I am not a stock analyse, but I predict apple well goes lower than $300 by year end and by Mid May 2013 the share prices around $350. The fact is Apple is an old man brand not a new age generation any mores due to all they Technology is not being improve and update it. Plus the app also expensive to used either. Majority of the new generation will goes for Android especially is Sammy product. I predict last week apple will be below $450 by the end of this month and now Friday 25,2013 apple close at $439.88. If you have those stock and break even or lost small cash sell it don't wait for others day you might be too late to sorry.

55. Friendlysky

Posts: 54; Member since: Jul 04, 2012

Today apple stock is began to meet my prediction as $350 is not far from. Today apple stock went below $400 and let see how far it will be goes. Sammy will beat apple stock when they are release GS4 my April 24. Android will over take IOS soon. Couldn't wait to see that.
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