US STOCKS-Wall St. Lower as Apple Slips to 6-month Low

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.

http://www.inquisitr.com/2301280/another-poor-apple-watch-sales-report-produces-controversy/

Let's look at those absurd claims. . . "Another poor Apple Watch sales report produces controversy" is anything BUT what it claims to be. An anal-cyst claims that a report that a ASE, a company assembling a component of the Apple Watch reportedly said they did not meet their "break-even" point of two million units a month" out of the full capacity of three million units per month, is somehow translatable into poor Apple Watch sales. Let's translate that into real terms. . . almost 2,000,000 per month in the first quarter the Apple Watch was available is almost SIX MILLION APPLE WATCHES in 90 days. Apple sold only 3.1 Million iPads in the first 90 days of availability in 2010 and that was the best selling product introduction of all time! Can you spell F. U. D.? I can.

Someone was quite effective in trying to drop the price of AAPL. They then piled on with the other stories. . . more F. U. D. because the stock will be going back up as soon as they buy back in.

http://www.cnet.com/news/apple-loses-top-spot-in-chinese-smartphone-market/

Let's look at the next one . . . Apple loses top spot in Chinese smartphone market. Of course they did. . . it's AUGUST!

Firstly, Chinese phone consumers are neither stupid nor fools. Buying an iPhone 6 or 6plus in July or August would make them both stupid and foolish because they know that Apple is going to release they new iPhone 6s and 6s plus in September. If they buy now, they will pay the same price for last year's model that merely by waiting a short time they can have the NEWEST model! If they want an iPhone 6 or 6plus, in September, those older models will be available at discounts or on the used market for considerably less. As I said, anyone would be stupid or fools to buy now. . . so the market is DOWN.

Secondly, Both Xiaomi (Show me) and Huewei release their new models on August 1st. . . to beat Apple to the punch. Xiaomi in particular because they release phones that are knock-offs of the upcoming Apple iPhone models to attract the buyers who want a look-alike iPhone but can only afford a phone that costs 1/3rd the price of an iPhone.

The Xiaomi Phone from a couple of years ago on the Left — The Apple iPhone 5S on the Right

Xiaomi even produces an Android Skin that mimics the Apple iOS 7 appearance.

Both Xiaomi, Huewei, and Samsung sold a PILE of phones in August but as soon as Apple hit the market last year with the iPhone 6 and 6plus, they all faded. . . and the iPhone and Apple soon topped Samsung to become the #1 phone seller in the world.

This has happened before. . . and someone is doing some manipulation with well known F. U. D. techniques to depress the value of AAPL for their own gain. The question is who?

Corning makes Gorilla Glass (up to GG4), upon which Apple continues to rely, since destroying its artificial sapphire "partner".

Apple did not destroy it's partner. They destroyed themselves. They promised they could deliver 80% on their boules. . . and were only getting 10% useable boules. They could not economically deliver what they contracted to do. Then the officers of the company started doing insider trading, trying to divest themselves of their holdings. NOT GOOD. . . Apple tried everything they could to save this company from bankruptcy. They could not. The meme that Apple "destroyed" the company comes from Apple's unwillingness to keep pumping more money into them without getting anything from them on time or getting product after Apple actually pumping much more than was contracted. Apple BOUGHT them their furnaces. . . Now, although Apple has allowed them to continue in operation during the bankruptcy, using those furnaces as collateral, the crooks at the leadership of the company, have attempted to finance more money using the same furnaces that already have Apple's lien interest on them, having told the potential lenders they owned them free and clear. This was uncovered just last month! These guys play fast and loose with the truth.

Neither. The situation with Apple here is twofold. First, they are missing the mark on sales projections for a number of obvious and a few not-so obvious reasons.

Apple missed no marks on sales projections. The had a RECORD QUARTER. The only mark they missed was wild assed guesses by the most extreme of the anal-cysts which drove the STREET average up. Apple hit its guidance for the quarter which is traditionally and historically the slowest of the year. . . and exceeded most analysts expectations. For the first time in history, AFTER THE MARKET CLOSED, they claimed that Apple's guidance for next quarter missed their expectations by 0.25% when Apple's upper tick on their guidance of $49-$51 BILLION didn't make the suddenly never-berore-not-rounded-off STREET Whisper number of $51.16 BILLION. REALLY??? They missed by $0.16 billion, $160 million? That's a mere blip when these numbers are being tossed around in estimates!

That Whisper number is way too precise to mean a DAMN THING!

What was amazing to me was that Yahoo! Finance had completely different Street numbers at 8:30 AM the morning of Apple's Financial Call than the ones they reported at the EXACT TICK of the close of market, exactly when Apple sent out the press release with their actual figures. . . and the ones at close of market were approximately $2 BiLLION higher then the Street expectations that morning! They were bald faced lies in an article whose headline SCREAMED that Apple had "missed Earnings" expectations when it DID NOT, even in the very article itself! It was obvious to me that the article was written even before the actual figures were released. . . and it was just waiting for those to be plugged in. . . and they forgot to adjust their phone STREET expectations high enough. THIS WAS PLANNED . . . and so is this drop in AAPL!

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.

Actually packrat, I don't find anything FUD in your comments. I find something you and I could discuss, for example the fact that the Apple Watch has actually out sold the best selling product of all time, the iPad, in their first 90 days. That's not a "non-starter." However, I can agree with you about the eyesight problem. Same with the Chinese market slide. I even said that was why Apple reduced their Financial guidance for the next quarter. . . Because the can't know what is happening with China in chaos.

I do think you will see a jump in iPad sales soon. Enterprise sales and upgraders are about to move. The useful life of iPads is three to four years before people feel an urge to upgrade. That's my experience. It's stretched because a lot of iPad mini users moved to iPhone 6plus and are quite happy.

While what you say may very well be true, what I posted is just as true. The market is over inflated and will “correct” as the banksters sell holding to new people in the market.

QE propped up the market for 7 years. How it works:

The government prints tons of new money, they loan it to banks at zero interest, the bankster’s buy commodities which drives up stock prices giving the appearance of a robust economy, which it isn’t.

Now after 7 years mom and pop are getting back in to the market, QE has stopped, the bankters are now selling their holding, but not too fast as to not make prices go down too fast.

Then bang, one day the markets loose 800 points and mom and pops savings are wiped out again.

Obama and his banksters have made off with billon’s if not trillions of dollars.

But on rumor, sell on fact. Means no matter what is announced the stock is going down.

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.