Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Apple stock plummets for a fifth straight day, wiping out $113billion of its value, down 14 percent.
dailymail. ^ | 4 August 2015

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 ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: apple; bubble; correction; yawn
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-82 next last

1 posted on 08/05/2015 4:27:17 AM PDT by dennisw
[ Post Reply | Private Reply | View Replies]

To: dennisw

I have been posting that all that paper wealth getting wiped out in China’s plummeting stock market would make Apple sales bomb out in China and all of Asia.

China stock market is down 33% and Apple shares will exceed this. My opinion and prediction


2 posted on 08/05/2015 4:30:40 AM PDT by dennisw (Useful)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

Yikes!


3 posted on 08/05/2015 4:30:48 AM PDT by StoneWall Brigade (MARANATHA)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Swordmaker

Ping


4 posted on 08/05/2015 4:32:04 AM PDT by StoneWall Brigade (MARANATHA)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=2354:TT

Foxcomm is down 25% in the last 40 day. Foxcomm is Apples Chinese mega-factory partners where the workers are driven. Some have called it slave labor


5 posted on 08/05/2015 4:33:53 AM PDT by dennisw (Useful)
[ Post Reply | Private Reply | To 2 | View Replies]

To: dennisw

iCrash.


6 posted on 08/05/2015 4:36:24 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

“Stocks will fluctuate.”

—JP Morgan


7 posted on 08/05/2015 4:38:03 AM PDT by Pearls Before Swine
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

MacBooks are way overpriced. You can get a $600 laptop for with the same specs (pretty much) as a $1200 MacBook Pro. Maybe people are wising up. This can’t be helping sales.


8 posted on 08/05/2015 4:38:42 AM PDT by Bluewater2015 (There are no coincidences)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

Major customers of Foxconn include or have included:

Acer Inc. (Taiwan)[49]
Amazon.com (United States)[8]
Apple Inc. (United States)[50]
BlackBerry Ltd. (Canada)[51]
Cisco (United States)[52]
Dell (United States)[53]
Google (United States)[54]
Hewlett-Packard (United States)[55]
Huawei (China)[56]
Microsoft (United States)[57]
Motorola Mobility (United States)[53]
InFocus (United States)
Nintendo (Japan)[58]
Nokia (Finland)[50][59]
Sony (Japan)[60]
Toshiba (Japan)[61]
Xiaomi (China)[62]
Vizio (United States)[63]


9 posted on 08/05/2015 4:39:59 AM PDT by CGASMIA68
[ Post Reply | Private Reply | To 5 | View Replies]

To: Bluewater2015

300 should get the average slob more than enough lap-top.unleess one wants to impress those around


10 posted on 08/05/2015 4:41:19 AM PDT by CGASMIA68
[ Post Reply | Private Reply | To 8 | View Replies]

To: StoneWall Brigade
Hold on to your Apple watch it might be come a collectors item. A memento for Apples wild and crazy ride where is was the darling of the US stock markets and the darling of gadget crazy Asians who unfortunately have run out of ready cash to spend of high priced Apple gadgets and doo-dads
This is the Chinese company that Apple fears the most>>>>

Xiaomi retakes the smartphone lead in China as Apple slips
Engadget1 day ago
Aug 03, 2015 ·
It looks like Apple's time at the top of China's smartphone heap was short-lived. Researchers at Canalys estimate that local brand Xiaomi has once again become the country's smartphone market share leader, snagging 15.9 percent of shipments during the second quarter of the year. In fact, Apple is down to third place -- one of Xiaomi's fastest-growing rivals, Huawei, claimed the runner-up spot with 15.7 percent. Samsung and Vivo rounded out the top five.

It's not certain what tipped the balance for Xiaomi, although big phones like the Mi Note (shown above) likely helped. That leadership might not survive for much longer, however. As IDC warned earlier, the days of a rapidly expanding Chinese phone market appear to be over. Vendors are mostly trying to poach customers from each other, rather than enticing first-timers who are finally well-off enough to buy a smartphone. In a volatile climate like that, it might only take one hit phone (or a spectacular flop) to shake things up.

11 posted on 08/05/2015 4:41:28 AM PDT by dennisw (Useful)
[ Post Reply | Private Reply | To 3 | View Replies]

To: dennisw

FoxComm better check their suicide netting. It could get ugly.


12 posted on 08/05/2015 4:43:15 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CGASMIA68

300 should get the average slob more than enough lap-top.unleess one wants to impress those around


Yup. Or game. But gaming is why we have desktops!


13 posted on 08/05/2015 4:44:13 AM PDT by Bluewater2015 (There are no coincidences)
[ Post Reply | Private Reply | To 10 | View Replies]

To: dennisw
It is Foxconn
14 posted on 08/05/2015 4:48:01 AM PDT by jurroppi1 (The only thing you "pass to see what's in it" is a stool sample. h/t MrB)
[ Post Reply | Private Reply | To 5 | View Replies]

To: CGASMIA68
300 should get the average slob more than enough lap-top.unleess one wants to impress those around

You can find good laptops by Toshiba and other reputable manufacturers at that price. By good I mean at least 4GB memory and a CPU with a 1600 or higher passmark score. Add Windows 10 to this and its even better. My own preference is for the CPU to have a 2300 or higher passmark score

To find out a CPUs passmark score just do a search for >>>  the CPU name + passmark such as this one for an i3 4130 processor >>> i3 4130 passmark >>>>> passmark Score is 4793

Score is 4793

15 posted on 08/05/2015 4:50:23 AM PDT by dennisw (Useful)
[ Post Reply | Private Reply | To 10 | View Replies]

To: dennisw

IMO any company that goes up fast had a very good chance of going down fast. This isn’t ExxonMobil who has decades of relatively stable growth and value.


16 posted on 08/05/2015 4:51:00 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jurroppi1

Foxcomm for Fox Communists


17 posted on 08/05/2015 4:51:53 AM PDT by dennisw (Useful)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Bluewater2015
MacBooks are way overpriced. You can get a $600 laptop for with the same specs (pretty much) as a $1200 MacBook Pro. Maybe people are wising up. This can’t be helping sales.

Macs are a minority player in the Apple profit chain right now, with phones and iPads providing the lion's share. In the USA, ALL PC sales are down across the board.

Also, you cannot compare laptops on specs alone. That's why there are $1200 (and up) Windows laptops out there, too.
18 posted on 08/05/2015 4:54:51 AM PDT by Dr. Sivana (There is no salvation in politics)
[ Post Reply | Private Reply | To 8 | View Replies]

To: dennisw

I’m not about to pay $700 for an unlocked iPhone. Too much $$


19 posted on 08/05/2015 5:02:38 AM PDT by sergeantdave
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dr. Sivana
In the USA, ALL PC sales are down across the board.

True, but for reasons other than raw demand.

Over the last 5 years, the advancements in processor technology miniaturization have slowed. We've reached a point where physical gates can't get any smaller without "leaking." New advancements in graphene layering and optical processing are making for interesting concepts but are not translating to factory floor manufacturing yet.

As such, most home users are enjoy similar speed and response on systems that are 5+ years old. The need to upgrade a home machine nowadays is greater than 5 years, on average. Even modern tablets and phones are lasting longer thanks to more resilient materials.

Combine this with a slumping global economy and record unemployment (REAL unemployment, not the trumped up BS numbers released monthly), and you have a recipe for slumping sales due to reduced demand.

20 posted on 08/05/2015 5:07:16 AM PDT by rarestia (It's time to water the Tree of Liberty.)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-82 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson