Posted on 08/04/2015 1:30:48 PM PDT by Up Yours Marxists
Aug 4 (Reuters) - Wall Street fell on Tuesday as Apple's shares remained under pressure, hitting their lowest in more than six months, and investors digested earnings reports from a host of companies.
The iPhone maker's shares fell as much as 4.4 percent to $113.25, slipping firmly below their 200-day daily moving average, a key technical level closely watched by traders. The stock was also the biggest drag on the three major U.S. indexes.
While there was no clear trigger for the selloff, traders said worries over a slowdown in China and skepticism over demand for iPhone 6s were likely to keep the stock under pressure.
(Excerpt) Read more at in.reuters.com ...
The prissy boy at Apple might need to get focused on something other than the gay agenda.
They sure picked a great time to put Apple into the DJIA.
Bought some today. Going to buy more at the 100-105 level if it drops off that much. I think last 48 hours got a lot of people out of the way.
Their sales are going down along with their stocks:
http://time.com/money/3983961/apple-tablet-sales-ipad/
http://www.inquisitr.com/2301280/another-poor-apple-watch-sales-report-produces-controversy/
http://www.cnet.com/news/apple-loses-top-spot-in-chinese-smartphone-market/
All signs point down. Like the housing bubble.
I’d wait for it to bottom out at $70 before getting any more stocks.
QE has ended, it is what propped up the stock market the last 7 years.
Now comes the correction and it will be a hell of a correction IMHO.
If you wonder how QE propped up the market just ask.
You ain’t just whistlin’ Dixie.
Apple is the WS “darling”. That’s too much pressure for a company with a tiny rudder and an iceberg ahead. The tech bubble is about to burst.
Too much competition. Too many options. Too many Chinese competitors. Not enough disposable income.
Not a good recipe for any company with a lack of diversity in their product portfolio.
I blame the governor of Indiana!
Made me look at a chart. $70 is very possible.
The cult is saddened.
Not an Apple fanboy but I have some perspective
1. Tablet sales are hitting a saturation point for higher priced tablets.
2. The watch is a gimmicky device that is not really necessary. Large segments of population has poor eyesight which make this a non-starter.
3. Chinese market is imploding and higher priced items by Apple are going to slide.
I can’t say I was doing any market prediction.....
...but we had this exchange on July 7, 2015:
http://www.freerepublic.com/focus/news/3308873/posts?page=24#24
- The main motivation for my post was to take the shine off the media’s cheerleadering for Apple. - It’s annoying.
Speaking for myself, I'm ecstatic. I sold a bunch of Apple shares last year to buy my new house. Now I can buy those shares back at a discount price and ride them back up again.
Apple watch sales are less than suppliers expected as well:
Apple Supplier Numbers Suggest Apple Watch Sales Are Below Analyst Expectations:
http://www.macrumors.com/2015/07/31/apple-watch-sales-below-analyst-expectations/
He who cannot be named will soon join in this thread and explain that this story and those of us who are commenting upon it are wrong and that APPLE! is wonderful! Tim Cook said all is WELL!
P.S. This is written on a Mac running Windows 7 via Parallels.
We’re a Capitalist system. If Apple didn’t exist, we would want it to exist.
Here we are Conservative Capitalists, and trashing a company that has been innovative and successful.
I may not agree with the politics of it’s founders or some of it’s tactics, but just dang folks.
Are we the defenders of Ronald Reagan’s United States, or Carl Marx’s United States?
What’s the goal here? Drive Apple out of business our get it taken over by the government?
Sheesh.
The articles about the Apple Watch -- which is at best a small fraction of all Apple sales regardless of "how it's doing" -- range from estimates that also range, to fanboi crap. MacWorld:According to the Wall Street Journal, a subsidiary of Advanced Semiconductor Engineering (ASE) and one of Apple's suppliers for the Watch told investors that it fell short of a "break-even" number of shipments of its Apple Watch components during the second quarter, and it expects to fall short again in the third quarter. According to Li, it's very rare for a company to fall short of "break-even" shipments in the third quarter, given the looming holiday rush, and Li says that ASE's shortfall indicates that Apple Watch sales are lower than expected. ASE's subsidiary said its "break-even" point is two million units per month. [Supplier woes suggest Apple Watch sales aren't great]Ultimately it's a largely useless, look-at-me, pretty bauble that fits the bejeweled blitz mindset of the ugly queen running the company.
The second iteration of the developer kit for the Watch allows more access to its features, and direct use of its resources rather than relying on an iPhone, but it's still an accessory for the iPhone and nothing more, good for people who like to fiddle with their high-status toys regardless of where they are.
That said, iPhone sales are usually strong in the 1st Q (the one leading up to Xmas), but it appears any refresh to the line will arrive early 2016 at the earliest, which could slow upgrades in 2015.
Corning makes Gorilla Glass (up to GG4), upon which Apple continues to rely, since destroying its artificial sapphire "partner".
It is not that much of a surprise that Apple's new headquarters resembles the Obama logo and a sphincter.
At $70, it would be less than 8 times this year’s earnings, and about 7 times next year’s estimated earnings. Its dividend would be 3% with a payout ratio of 22%.
That looks like a quite attractive stock, even if earnings don’t increase.
I agree that they’re a massive, even historic, success story. Surely you would agree that they can take some criticism, particularly the kind directed at the activities carried out on behalf of a political agenda that violates the fiduciary responsibilities of the jokers hired to run the S.O.B.?
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