Posted on 12/18/2015 12:27:12 PM PST by Up Yours Marxists
The end of the year does not seem to bode well for Apple, as the tech giant's shares continued to drop 0.3 percent in early Tuesday trading. The company's stocks have now dipped below $110 for the first time since October, pushing the company to new financial lows, according to USA Today.
The drop in Apple's shares continued from Monday, when the company fell by as much as 3 percent, to $109.79 in early Monday trading. Though the stock recovered for a time, it nevertheless closed down 0.6 percent, to $112.48 by the day's end. With the company's high of $134.54 last April in mind, Apple has so far destroyed about $123 billion of its market value this year.
(Excerpt) Read more at hngn.com ...
Good. Apple is about as left as you can get in the corporate world.
(Sorry, Apple shareholders. Nothing personal.)
WHOA!
Far too many companies are run by leftists. A symptom of our broken colleges.
Their products are in decline as the competition catches up. That will eventually impact earnings and stock price.
Since it closed 110.38 last 12/31 and is 106.4 this very second i’d have to question the methodology to get to 123 billion this year. Did they write a corresponding article when it when up?
FR’s resident apple marketeer is furiously preparing to counter in 3....2....
I just have to say the author knows nothing. Not finance nor how to write. He takes his calculation from a high in April, says this year which includes the months preceding April and in stating destroyed wealth ignores the fact it ran up from Jan 1 until his arbitrary April date.
Outside of getting nothing right he did a fine job.
Destroyed! DESTROYED I tell you!
Bit of hyperventilation here. AAPL closed out 2014 at $110.
5.6 Billion shares at $134 = $750B (April 2014)
5.8 Billion shares at $110 = $638B (December 2015)
LOSS: $112B
Now that was my 30 second sense of this, but even at $112B that’s a huge loss to the actual stock market. Somebody bought stocks between $110 and $134. Assuming Apple only owns about 30% of the stock, that’s still a whopping $37B dollars, enough to offset any profits from that “winner” they call the apple watch, let alone any of their other failures this year.
I don’t know what’s worse. Dropping that much in 8 months (2014) or staying there for an entire year.
Probably not as bad as last year, I would say. But considering their “earnings”, you’d think the needle would have moved a little.
What a quandary Apple is facing. Continue to do the “same old same old” on-trick-pony stuff, or cannibalize their own products to shuffle the coconuts around and try to entice investors to make them some money instead of profits.
You obviously don’t understand that:
1. Apple owns a lot of stock
2. The stock market is one of the greatest indicators of investor, customer, and overall faith in the company’s abilities to make profits and remain competitive
Regardless of “net worth”, if a company can’t continue to generate profits for its investors, they will fall. In some cases, they can fall so rapidly that it would seem almost overnight they go from riches to rags.
Ping.
Well, the Apple shares I got through some stock options years ago cost me $.14 per share (before 2 splits), so I figure I’m ahead for a while yet.
apple’s growth is dependent on expanding into china.
they will survived because Microsoft is stuck on stupid these days.
Good for you. I sold mine years ago. Had I kept them I’d have a gold mine.
But then I moved my investment into Intel when they were at their lowest and sold at their highest. So I still had a “gold mine”. Not enough to be rich mind you. But it does keep the lights on in my golden age.
Gravity my friend. No stock goes up forever. Never happened before. Will never happen to the future.
Microsoft? You mean this Microsoft, who just brokered a deal with the Chinese to give them their very own Windows 10 edition?:
Apparently this was back page news. Obviously the liberal Marxist media wants to keep it a secret, perhaps to keep investors away when the Chinese decide to axe Apple operating systems in favor of ones they can control.
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.