Apple's stock hits a five-month low, the dormant Chinese economy is to blame
posted by Peter K. / Jul 10, 2015, 8:16 AM
Yesterday, we passed on the news that HTC's stock price has plummeted to a ten-year low, and one of the reasons for this financial disaster was the dormant Chinese market, which is affecting almost everyone right now.
Even if you're soaring at the top of the food chain, you're still not immune to the ever-changing market status quo. Ask Apple if you don't believe us - despite reaping the larger amount of profits in the smartphone industry, Apple also felt the slowdown in the enormous Chinese economy.
Cupertino's shares fell 2.1% and lost $2.53 of their value. Cupertino closed Thursday with a share price of $120.06, which is the lowest level since February 9. That's far from the all-time high level of $134.54 per price that was reached on April 28.
What does this mean? Well, provided that China has been one of the staples in Apple's recent financial triumph, a dormant Chinese market would certainly raise a few flags over at Cupertino.
source: CNBC, Yahoo Finance
Posts: 79; Member since: Jul 26, 2012
S&P 500 as a whole hit a 5 month low, that is why.
posted on Jul 10, 2015, 8:59 AM 0
Posts: 7318; Member since: Mar 16, 2013
The real reason is the Chinese have been pumping out higher end hardware at lower costs. Just look at some of the latest Android devices that have already come out on the market. This trend is not going to stop either. For instance look at the latest Asus Zenfone 2, which is only $299 off Contract, and it comes with a 64 bit quad core Intel Atom processor, 4 GB of RAM, 64 GB of expandable storage, 3000 mha battery, Full HD display 1920x1080. The same holds true for a lot of other new and even older Android devices. Like Oppo, Alcatel Idol 3, Mi4, One+One, huawei, zte devices. Apple should be ashamed to call the iPhone 6 a flagship with the mid range specs that it offers.
posted on Jul 10, 2015, 11:29 PM 0
Posts: 349; Member since: Feb 28, 2015
Zenphone as cheap super phone is easily beaten by Lenovo K3 Note. This is a near flagship phone at $160. 1080p screen, octacore cpu with antutu bench score of 46000, 13MP/5MP camera, 2GB ram etc. Very few people will need bonafide flagship phone @ flagship prices if entry level phones keep improving at this rate.
posted on Jul 11, 2015, 1:09 AM 1
Posts: 31001; Member since: Feb 05, 2011
It's ios 8
posted on Jul 10, 2015, 9:38 AM 1
Posts: 4063; Member since: Jul 23, 2013
Wow, you really are pissed off at iOS 8. I am pretty sure it isn't an OS's fault though. Probably a mix of market slow downs and bad news about the watch.
posted on Jul 10, 2015, 10:56 AM 1
Posts: 6474; Member since: Jan 28, 2013
Bigger display card has been used. The China market is now saturated. I thin they are finally going to go downhill slowly, Microsoft style.
posted on Jul 10, 2015, 12:25 PM 0
Posts: 1904; Member since: Mar 25, 2014
Eh, maybe it is the fact that technology market is very flooded with most everything, and that Apple's stuff, is not really that much different then any of the other options around, and people seem to be finding this out, slowly but surely. Couldn't last, so it will stabilize lower, where no clue but lower then what it was.
posted on Jul 10, 2015, 4:19 PM 0
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