'Nightline' Looks at Apple's Woes as Stock Declines 20% from All-Time High

[MacRumors]

Apple's stock is now down 20% since its all-time high set in mid-September, with investors concerned about the company's prospects for the future amid a management shakeup and questions about where the company's next major revenue growth driver will come from. Samsung's rise to prominence in mobile device markets is also weighing on Apple as the iPhone's market share growth has slowed or even declined in recent quarters.

The difficulties being experienced by Apple are gradually gaining higher visibility outside of the financial markets, with ABC's Nightline running a segment (via Fortune) addressing the issues. The evening news show had previously been granted access to Foxconn factories producing Apple products in response to public criticism over worker treatment at the facilities.

Apple is expected to have a monster holiday quarter on the strength of the iPhone 5, iPad mini, fourth-generation iPad, and updated iPod and Mac models nearly across the board. But with Foxconn still struggling to meet demand for production of the iPhone 5, which is Apple's primary revenue driver, there are some concerns about whether the quarter's performance will be quite as big as many are hoping for.

Article Link: 'Nightline' Looks at Apple's Woes as Stock Declines 20% from All-Time High

[tuncer]

Ouch. Let's hope the worst is over.

[JayJayAbels]

It's bottoming out now. Won't drop below 525. If it hits 550... buy. The holiday season along with the earnings call in the beginning of 2013 makes this stock have awesome potential! Let the big wigs who bought earlier jump ship. It's time to make money on this one.

Apple's a stock you want to have for the long haul.

[foxnews1]

Originally Posted by JayJayAbels

It's bottoming out now. Won't drop below 525. If it hits 550... buy. The holiday season along with the earnings call in the beginning of 2013 makes this stock have awesome potential! Let the big wigs who bought earlier jump ship. It's time to make money on this one.

Apple's a stock you want to have for the long haul.

when someone posts this optimistic prediction on a public forum like this, it is a signal of stock peak and time to sell.

Apple is already the largest tech company. The only way to go is down, not up.

[Ryth]

Originally Posted by foxnews1

Apple is already the largest tech company. The only way to go is down, not up.

Oh how many times have we heard this...too many to count.

[woodynet]

Oh wow, apple now joins the rest of me stock holdings .... -20%

[foxnews1]

Originally Posted by Ryth

Oh how many times have we heard this...too many to count.

the same to dot com bust and real estate: too many to count

[JayJayAbels]

Originally Posted by foxnews1

when someone posts this optimistic prediction on a public forum like this, it is a signal of stock peak and time to sell.

Apple is already the largest tech company. The only way to go is down, not up.

See me in February.

[senseless]

The tablet and smartphone markets are becoming commoditized and competition is brutal. We saw the same thing in the mid 80s when cheap PCs flooded the market.

Also, there are a lot of pent up sellers sitting on huge gains that have been waiting for the peak. As they sell, the price goes down, triggering more stop loss selling etc.

[justperry]

Originally Posted by tuncer

Ouch. Let's hope the worst is over.

Probably not, todays low 541.19, actual ~547

[GorgonPhone]

Originally Posted by tuncer

Ouch. Let's hope the worst is over.

there is nothing on the horizon that will boost apple back up and they have shown since iphone 4 that they are not willing to actually make new products

[LagunaSol]

Originally Posted by GorgonPhone

there is nothing on the horizon that will boost apple back up and they have shown since iphone 4 that they are not willing to actually make new products

I don't think "new products" means what you think it means.

[AppleInTheMud]

Originally Posted by tuncer

Ouch. Let's hope the worst is over.

Why ? It's good that it goes down.

As I said month's ago... If you scre***w your customers it will ruin your bussiness. And thats whats happening now.

Nothing new... Just the same stuff in new casings.

Dont get me wrong... Used to be a fanboy. Im just not wearing pink glasses. I see they are messing everything up. Every new product since Mountain Lion is a joke and downgrade :-(

And the stoke market and many websites says the same... The pattern is very clear. But I now. Most people on this site see apple as some kind of god. Yea even I used to. But wake up. Now they are just taking your money for new machines that actually are worse than the old ones. New iMac - A joke. New iPad Mini - poor quality. New iPhone 5 - Whats new ??? Ooohhh yea. The apps and OS has become more crappy. Was good in 2007 but now ?

Im pissed ...

I still like my Apple TV eventhough it cant show all videos from youtube because apple has to fight google over patents thats not even theirs...

Without Steve Jobs it seems Apple will go down again...

[Dorje Sylas]

Originally Posted by AppleInTheMud

Dont get me wrong... Used to be a fanboy. Im just not wearing pink glasses. I see they are messing everything up. Every new product since Mountain Lion is a joke and downgrade :-(

Try just Lion (10.7). That was the first real clear point at which Apple's development shift into almost pure consumer single-use development started in earnest. 10.8 was just confirmation of that.

[slrandall]

I was pretty impressed by Apple's hardware advancements this year.

Not so much with the software.

[KdParker]

Get in now before the stock bounce back after the holidays.

[Gorthaur]

Originally Posted by KdParker

Get in now before the stock bounce back after the holidays.

This might be wishful thinking, but I hope it drops even further so it can be accessible to many more people. Apple will surely bounce back.

[rdstoll]

http://www.youtube.com/watch?v=-KFPyh-CQ60

[dethmaShine]

Yes, Apple has lost its shine.

What retards.


On a different note, where are these articles about google losing more than a 100pts in only two weeks?

[bwillwall]

Originally Posted by dethmaShine

Yes, Apple has lost its shine.

What retards.


On a different note, where are these articles about google losing more than a 100pts in only two weeks?

If I could like this a million times I would

[lowbatteries]

Hope my Christmas bonus comes in time to buy some shares before the eventual upswing.

[LagunaSol]

Anyone who freaks out about a 20% drop in AAPL hasn't been around the stock for longer than 2 years. Those fools deserve to miss out on the gains we long-term investors have enjoyed (and will continue to enjoy). I bought AAPL the day after a single-day 50% drop. Not long after it had dropped another 50%. Wish I had bought more then. Holding the stock long-term and not panicking at every 2-bit naysayer and market manipulator has been the best financial decision I've ever made. The stock shorters are laughing at you. Then they'll buy at artificially-low prices and make a killing on the upside. People are being played for chumps.

You want stock bubble? Look at Amazon.

[mccldwll]

Originally Posted by LagunaSol

Anyone who freaks out about a 20% drop in AAPL hasn't been around the stock for longer than 2 years. Those fools deserve to miss out on the gains we long-term investors have enjoyed (and will continue to enjoy). I bought AAPL the day after a single-day 50% drop. Not long after it had dropped another 50%. Wish I had bought more then. Holding the stock long-term and not panicking at every 2-bit naysayer and market manipulator has been the best financial decision I've ever made. The stock shorters are laughing at you. Then they'll buy at artificially-low prices and make a killing on the upside. People are being played for chumps.

You want stock bubble? Look at Amazon.

Yes. And, as I'm sure you're aware (unlike most here since that's not the purpose of this "highly relevant educational forum") the manipulators have been making huge profits on the weekly and monthly options markets as they've marched it down, only to make a killing when they take it back up. They will take it back up. They have to. This is their biggest money machine, and has been for past half dozen years or so, but it only makes money if they keep it moving in both directions. Aapl has little trouble moving up on its own with solid fundamentals, so all the energy can go into "the sky is falling" FUD machine.

[wol]

Stock price dropping - who could have anticipated this?

Emm...
http://forums.macrumors.com/showthre...5#post14660295

Stock prices are forward looking. With the Nexus 10 and Nexus 7, Google started competing with Apple both in PRICE and SPECS in the tablet market. Apple has two options
i) keep current price points for iPad and iPad mini until after the holidays. This will result in lost sales, and hence a decrease in market share as budget conscious holiday buyers will select Nexus over iPad
ii) lower entry price point for iPad and iPad mini. As a result Apple's profit margins will suffer.

Either way, while Apple still remains a highly profitable company, the revenue growth projections now look somewhat less good than past accomplishments. On top of this, the global economy seems to be heading towards another slow down, i.e. one can anticipate a decline in the overall discretionary spending of consumers.

[HiRez]

The bottom line is Apple needs some good news. When is the last time Apple had good news? The US Samsung trial outcome? And even that's not necessarily good news (Samsung could still appeal and win, Apple is perceived as an anti-competitive bully). It's all bad news, all the time for Apple now.

They are hemorrhaging market share in both phones and tablets and it doesn't look like that's going to stop anytime soon (the $329 price tag on the iPad Mini is not going to help that). They have allowed Samsung to climb up to and play on their level, they are no longer the uncontested top dog. Part of this is Samsung's enormous marketing campaign, I can't remember a recent commercial block on television in the last 3-6 months where there wasn't at least one Samsung commercial. Apple isn't answering this assault. They are still playing cute but boring commercials while Samsung is repeatedly hammering them in the face with a lead pipe.

The market share slip is going to have more consequences. For example, for years Apple has kept the carriers like AT&T and Verizon in control because the iPhone was the hot item everyone must have. Now, even if Apple products are still good, there are legitimate choices for people. How long before those carriers don't really need Apple anymore and begin to reassert control, leading to smaller subsidies?

I really hope Apple gets its mojo back but right now they really appear to be the company that is back on its heels in a defensive stance or, at best, are oblivious to what is happening. They need to get a little bit of an edge and fight back. I hope Jony Ive is going to shake things up, but that's going to take time, I doubt we'll see tangible results for a year or more. And a year is a long time.

Sure, a lot of what's happening to Apple stock isn't fair, it's based on perceptions and assumptions, and probably some market manipulation as well. But that's the world we live in, Apple needs to figure out how to turn that perception back around because they are very quickly beginning to look like the "old" tech company, you know, the one that used to be cool but lost its way.