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

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...
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75 Comments

76. gallitoking

Posts: 4721; Member since: May 17, 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...

3. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 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.

12. matrix_neo

Posts: 334; Member since: Nov 03, 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.

20. PAPINYC

Posts: 2315; Member since: Jul 30, 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.

24. XPERIA-KNIGHT unregistered

iphone 5 "STD" LMBOOO!

29. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

lol..

26. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 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).

34. cheetah2k

Posts: 2256; Member since: Jan 16, 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..

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.

5. gallitoking

Posts: 4721; Member since: May 17, 2011

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

25. AnTuTu

Posts: 1612; Member since: Oct 14, 2012

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

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!

38. Slammer

Posts: 1515; Member since: Jun 03, 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.

54. AnTuTu

Posts: 1612; Member since: Oct 14, 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.

69. Slammer

Posts: 1515; Member since: Jun 03, 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.

51. jmoita2

Posts: 930; Member since: Dec 23, 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

77. gallitoking

Posts: 4721; Member since: May 17, 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

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...

6. Aeires unregistered

Nothing that a pack of lawyers can't fix. Oh, wait.

7. messiah

Posts: 438; Member since: Feb 19, 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.

9. networkdood

Posts: 6330; Member since: Mar 31, 2010

so, trade in your apple stock for RIM stock?

36. MartyK

Posts: 1043; Member since: Apr 11, 2012

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

8. hobble

Posts: 130; Member since: Oct 11, 2011

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

10. webOSlove unregistered

Hello Apple, meet karma.

11. cretinick

Posts: 148; Member since: Jan 25, 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...

19. ahomad

Posts: 175; Member since: May 15, 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.

22. Zero0

Posts: 592; Member since: Jul 05, 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.

13. The_Innovation

Posts: 648; Member since: Jul 18, 2012

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

14. jmoita2

Posts: 930; Member since: Dec 23, 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"?

15. Mr.Mr.Upgrade

Posts: 474; Member since: Aug 30, 2011

It tell us the consumers..are looking for the best affordable deal......
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