Kinda disheartening for myself as an investor in a small number of AAPL shares. 2m units seems pretty decent, maybe not decent enough for analysts and Wall Street huh.
This means the stock is down more than $9 pre-market. I'm sure it will drop another $20 today. By the time the year is over it will probably have wiped out any gains made during the year. Meanwhile Amazon can continue to provide zero sales data on Kindle tablets, make little to no profit and the stock keeps going up a s up and up. Their PE will be over 3,000 while Apple's will be around 10.:no:
So according to this antidotal evidence Apple stores were packed this weekend with product flying off the shelves....and the stock is down $8 pre market.
So according to this antidotal evidence Apple stores were packed this weekend with product flying off the shelves....and the stock is down $8 pre market.
Not to take this political or topical, but success = bad now.
Not to take this political or topical, but success = bad now.
Headline on Marketwatch: "Morgan Stanley praises iPhone, iPad sales". Yet stock down 1.5% pre market. Irrational exuberance has given way to irrational pessimism indeed.
Amazing...
In China... Apple made $1.3 billion in revenue... and probably half a billion of profit... in 3 days.
And the stock drops...
How exactly does the stock market work again?
It's a combination of buyers and sellers. More people are selling today than buying.
Or were you looking for a conspiratorial explanation instead of the truth?
It's a combination of buyers and sellers. More people are selling today than buying.
Or were you looking for a conspiratorial explanation instead of the truth?
I'm just confused.
It sounds like people are selling their Apple stock because they don't have faith in the company.
But Apple just made $1.3 billion in revenue and probably half a billion of profit in 3 days.
I'm just confused.
It sounds like people are selling their Apple stock because they don't have faith in the company.
But Apple just made $1.3 billion in revenue and probably half a billion of profit in 3 days.
And that's something to be worried about?
You're looking at it too simplistically. The raw numbers don't matter, all that matters is whether those billions in revenue and billions in profits are more or less than what the owner of the stock expected. Or, more importantly whether those billions are more or less then what the stockholder thinks the market expected.
Just heard on the news that Wall Street has dropped their ratings on Apple from "buy" to "neutral" because of decreased orders from iPhone parts suppliers (= iPhone global sales dropped). Indeed the ugly truth is that Apple is slowly fading away after Steve's departure. Tim Cook is NOT a product person like Steve, as clearly seen in the mishaps of Map for iOS. It's not entirely fair to fire the Head, Cook himself has the ultimate responsibility in making sure the product is good before its release - I doubt if he had even played with it himself!! And what the iPhone5 needed was not a stupid elongated fake "large" screen but a genuinely large display for today's multimedia rich smartphone usage.
Comments
They are made in Shenzhen's special economic zone, so the import tax is levied when they are exported out from the zone and into the rest of China.
Give it two weeks and this will rocket. Don't let them panic you out of your bounty!
http://www.thestreet.com/story/11793875/1/apple-stores-packed-this-weekend-will-the-stock-pop.html?puc=yahoo&cm_ven=YAHOO
Originally Posted by Rogifan
So according to this antidotal evidence Apple stores were packed this weekend with product flying off the shelves....and the stock is down $8 pre market.
Not to take this political or topical, but success = bad now.
http://us.rd.yahoo.com/finance/external/cbsm/SIG=11iiumket/*http://www.marketwatch.com/News/Story/Story.aspx?guid=B3C7D191-6CFE-4D5A-B030-9069219D5574&siteid=yhoof2
So the stock price will drop another 10 points this morning.
No, it wasn't. That sounds like the global sales figure for the 4S.
Amazing...
In China... Apple made $1.3 billion in revenue... and probably half a billion of profit... in 3 days.
And the stock drops...
How exactly does the stock market work again?
We must find the antidote for the anecdotes!
It's a combination of buyers and sellers. More people are selling today than buying.
Or were you looking for a conspiratorial explanation instead of the truth?
Quote:
Originally Posted by cameronj
It's a combination of buyers and sellers. More people are selling today than buying.
Or were you looking for a conspiratorial explanation instead of the truth?
Wake up, don't be so naive. It's not conspiracy, it's reality. Every stock gets manipulated.
It's all about hitting the stops of those with excessively large leverage. Selling into false positivity, and buying into false negativity.
If you can't comprehend that then you shouldn't play the game.
I'm just confused.
It sounds like people are selling their Apple stock because they don't have faith in the company.
But Apple just made $1.3 billion in revenue and probably half a billion of profit in 3 days.
And that's something to be worried about?
You're looking at it too simplistically. The raw numbers don't matter, all that matters is whether those billions in revenue and billions in profits are more or less than what the owner of the stock expected. Or, more importantly whether those billions are more or less then what the stockholder thinks the market expected.
Quote:
Originally Posted by Michael Scrip
I'm just confused.
It sounds like people are selling their Apple stock because they don't have faith in the company.
But Apple just made $1.3 billion in revenue and probably half a billion of profit in 3 days.
And that's something to be worried about?
Yes... they were expecting $1.3001 billion in revenue and $500.1 million in profit.
Stock will go down another $30.
[Ha! It looks like everyone is waiting for one of the dipshits to tell them if the Chinese numbers are good or bad.]
Just heard on the news that Wall Street has dropped their ratings on Apple from "buy" to "neutral" because of decreased orders from iPhone parts suppliers (= iPhone global sales dropped). Indeed the ugly truth is that Apple is slowly fading away after Steve's departure. Tim Cook is NOT a product person like Steve, as clearly seen in the mishaps of Map for iOS. It's not entirely fair to fire the Head, Cook himself has the ultimate responsibility in making sure the product is good before its release - I doubt if he had even played with it himself!! And what the iPhone5 needed was not a stupid elongated fake "large" screen but a genuinely large display for today's multimedia rich smartphone usage.
Quote:
Originally Posted by Tallest Skil
Tomorrow afternoon:
In other news, Apple's stock dropped $100 per share, per hour, upon the opening of trading today.
If that's the case, I'm going all in .... in 5 hrs