AAPL Financial Ping!
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Posted on 08/05/2015 4:27:17 AM PDT by dennisw
The world's most valuable public company saw its stock price drop for a fifth straight day on Tuesday
Apple shares are down 14 percent since closing at a record $133 in February That loss breaks down to $113.4billion in paper wealth
iPhone sales were not as good as some analysts predicted, and the lukewarm forecast for the current period is causing the drop
World's most valuable public company saw its stock price drop for a fifth straight day on Tuesday, falling as much as $5.19 or 4.4 percent, to $113.25 as investors fretted over China's economy and whether Apple can keep growing at the pace it's maintained over the last few quarters.
Apple shares are down 14 percent since closing at a record $133 in February. That puts Apple in a 'correction,' which is Wall Street jargon for price declines of 10 percent or more from a peak.
That loss breaks down to $113.4billion in paper wealth according to USA Today.
The stock also dropped below its 200-day moving average, a technical indicator that traders use to gauge momentum.
Shareholders are also worried about recent hiccups in China's economy, because the country is viewed as one of Apple's biggest markets for expansion, said Daniel Ives, a managing director and senior analyst for FBR Capital Markets.
He added that investors are looking ahead to the December quarter, which is traditionally Apple's strongest. The company sold 74 million iPhones during that period last year, a 46 percent jump. But it will be more difficult for Apple to show that kind of growth again.
Apple is now a 'prove me' stock for some investors, said Ives, although he added that new products like Apple Pay and the expected release of new iPhone models this fall could give the company a boost.
(Excerpt) Read more at dailymail.co.uk ...
The next wave of new technology will be VR and AR. With products like the Oculus Rift, Samsung’s Gear VR, and a variety of new products coming out from Microsoft and Zeiss, virtual reality and 3D technology is going to take off probably next year. Microsoft’s Hololens is an AR or augmented reality product where users can see clearly through the lenses, but the lenses provide overlays of what is seen. So, for instance, it could provide a HUD like you see in video games but in real life.
Google’s Glass didn’t take off initially, but then neither did tablets back in the 90s. Now look where we are.
For example, Apple in the past quarter alone generated $49.6 billion in revenue and nearly $11 billion in profit. They are also sitting on nearly $200 billion in cash on hand. Regardless of current stock price, this company is going to be a major player in our economy for a very long time.
Those are pretty amazing numbers and people should be clamoring to own stock in this company, especially when they look at the previous 10 years. In fact, the fact that the price of stock is heading down is good, because now you can obtain more shares for your money.
Over the years, people have written off successful companies like Microsoft, IBM, Hewlett Packard, Apple, Ford, and on and on due to swings the stock prices. Those people are the true losers. Had they purchased and held stocks in all these companies over the years, they'd be sitting pretty right now.
Also, it's distasteful to see a so-called conservative forum cheering on the supposed "downfall" of a successful U.S. company. What are we, a bunch of anti-capitalist marxists all of a sudden? Are we going to start posting excerpts from Das Kapitaland The Communist Manifesto?.
I don't care how much you don't like the CEO and his stupid politics. This company wasn't created by him and over the years it has generated massive wealth and jobs for our country. This company will outlast the current CEO. This kind of anti-capitalist marxist "cheerleading" is quite beneath us, I would think. It belongs on DU.
I did. Bought COP, CVX, and XOM recently......and went down another 10%. May buy more, but I usually get in trouble when I try to guess the bottom ;) Oh well. I have a 30 year time horizon....kids...80 years.
#12 The netting is now for those that invest in Apple : )
https://c2.staticflickr.com/2/1246/5165865001_e0f28808ff_b.jpg
Worth repeating.
It’s just a flesh wound. (;>
When Apple decided to make I-Phones in China they lost me. Labor cost per phone is $12.50. So per each $600 I- Phone the labor was $12.50. So let’s say labor costs in the USA would potential double the per phone labor rate. I WOULD GLADLY PAY and extra $12.50 for my I-Phone that was made in the USA.
Opening a slave labor camp complete with suicide netting in a Communist country to make your product is a sick form of “Capitalism”.
Hold CVX,COP and XOM if you already own them. They will probably take another dip and bounce if oil trends up at all. CVX is way oversold. Once it broke $100 the feeding frenzy started. CVX’s q report was actually not that bad. XOM’s was bad.
YMMV.
Apple historically flourished when Jobs was there. We shall see how they will do without him this time. I do agree that they will not go away overnight. IBM was trading at $350 a share in 1968. To lazy to see how many splits there have been but it is a shadow of itself. Mostly a s/w services company now - by design.
iWatch wasn’t as big as the market hoped. Windows 10 looks to be the dominate PC platform—stopping OSX growth.
IPhones have hit saturation (it’s an incredible feat to do what it did). But where is the growth going to come from? Apple may need to transition to a big dividend model because the hyper growth is gone.
They need to give that money back as dividends to keep the stock worth buying. Hyper growth for Apple is dead... they need to move to the next phase.
I would love to see Apple go under because of their disgusting CEO. He didn’t appoint himself. The company thought that scumbag was a good idea. I’ll never buy another Apple product.
The best advice I have every heard was: "Never buy anything at the exact bottom and never sell anything at the exact top."
So basically holo stuff, right?
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Actually you can't. Just last week a Freeper buying his son a laptop for his eldest son going to college just tried to buy a Windows computer that was as good as a MacBook Pro. . . and wound up paying $1197 for one that had a lesser quality screen (127 DPI) with a 4 hour battery and far less quality than the 227 DPI Macbook PRO with a 10 -12 hour battery at $1299. Sorry. Try again.
Here's more complete list of the top 52 of FoxConn's over 500 worldwide customers I've been able to compile from news articles where their contractural relationships were mentioned over the past eight years:
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