Apple stock plummets for a fifth straight day, wiping out $113billion of its value, down 14 percent.

dailymail. ^ | 4 August 2015

[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.

[edh]

“The next wave of new technology will be VR and AR.”

“For gamers, maybe. But for everyone else, no. You have to wear a goofy contraption on your head”

I think AR could have a shot to be widely adopted sooner rather than later.

Google almost seemed as if they were making something to specific to social media from what I had gathered. I think they should have shot for the office/workplace first.

CastAR looks really interesting, but they seem to be targeting the gaming market.

In both of those cases, they’ve gone from goofy looking contraption to something rather nice looking. AR could be put into a form factor not unlike a pair of glasses in the not too distant future.

Personally, I wouldn’t mind having an AR headset to act as an overlay to project things like data sheets when designing stuff (like have the data overlay in the glasses while browsing the schematics or coding up some HDL). I use three monitors these days (two larger horizontal one and one larger vertical one). They’re not for showing off either :-). A pair of AR glasses would eliminate one of those (only to see the others replaced with larger ones :-) ).

That’s just one particular use-case for one particular field, but I have heard others express similar uses for AR when developing/researching/working.

Something really cool would be an AR headset that overlays repair info when working on a car. I could see mechanics loving that (not at first of course as most I know are set in their ways, but they all seem to come around to newer technology once it works well).

Of course, it has to be cost effective. $1K is too much for a tool like that. However, if it gets down to the $300/$400 region, AR gets interesting.

VR is certainly going to grow, but that’s going to be restricted to gaming/entertainment for a while as you mentioned. I’d have a tough time working with a headset like that for any length of time while working or playing games (unless the games involved Kate Upton).

[rarestia]

Watch technology has been around for a while and hasn’t caught fire. The VR/AR stuff is getting bigger and provides something that the watch doesn’t: in your face technology. Watches can be forgotten or even lifted by a skilled pickpocket. Try taking someone’s glasses off their face without their noticing.