#594940 - 05/15/1305:22 PMApple Stock? What the heck?
Mike ZigMeister
Registered: 09/02/01
Posts: 3406
Loc: SW Illinois
Big drop again today! And I thought it was on the upswing...
"Apple fell as much as 3.3 percent, the biggest intraday loss since April 24, and traded 2.9 percent lower at $431.23 by 12:15 p.m. in New York. The stock has lost 39 percent from a record high in September amid concerns about slowing profit and sales, narrowing margins and intensifying mobile competition."
#611088 - 01/27/1411:32 PMRe: Apple Stock? What the heck?
[Re: Mike]
yoyo52 Nothing comes of nothing.
Registered: 05/25/01
Posts: 30520
Loc: PA, USA
Yeah--I see that now. What I've read is that (1) holiday iPhone sales came in under WS expectations and (2) the guidance for the next quarter is even lower.
_________________________ MACTECHubi dolor ibi digitus
Apparently, the market is saturating, so all the companies in the sector are slowing down a bit.
Regardless, apparently only Apple is "facing stiff competition" and "lagging behind" …
The analysts they quote and paraphrase insist Apple must bring new products to market in order for those analysts to raise their estimations of Apple, because apparently it's solely Apple's responsibility to innovate for the rest of the industry and bring out new products for the rest to copy …
These are the same analysts, btw, who apparently didn't take into account the softening market and were disappointed that Apple didn't forecast $46B next quarter as they wanted, but instead managed only a measly $42B estimate …
Meanwhile, having posted a record quarter and meeting/beating these same analysts' estimates for that quarter, Apple continues to laugh its way to the bank ...