Apple Shares Drop 5%

CubaTBird · Mar 8, 2005, 05:10 PM

http://www.macobserver.com/stockwatc.../03/08.2.shtml

Shares of Apple Computer dropped 5.2% Tuesday on worries that Sony's new flash memory-based music players could take a bite out of Apple's iPod empire. Sony announced new low-cost music players today in its Walkman product line that are designed to compete with Apple's iPod shuffle.

While the new Walkman models are slightly more expensive than their iPod shuffle counterparts (see TMO's full coverage for more information), Sony included support for the MP3 format for the first time. Industry watchers have seen this as critical for Sony to be able to gain significant traction in the market because of the dominance of MP3 in the digital music sphere.

Dont Hurt Me · Mar 8, 2005, 05:16 PM

You know that wasnt it, it was those Doom3 scores that lowered that stock.

virividox · Mar 8, 2005, 05:20 PM

its about time that apple shares dropped anyway, their share price is very inflated

Phobophobia · Mar 8, 2005, 05:26 PM

Long and proud.

Blackheart · Mar 8, 2005, 06:04 PM

Time to buy more!

Daveway · Mar 8, 2005, 06:13 PM

Arg!! The Pain!!

I've been kinda depressed all day about it.

Mr. Durden · Mar 8, 2005, 06:17 PM

This is it. We've been hearing how Apple is doomed and on the verge of closing their doors permanantly... this is it. So long Apple, been nice knowing you.

(Just is case you couldnt tell, that was dripping with sarcasm)

quackattack · Mar 8, 2005, 06:48 PM

No worries, they will bounce back up when Tiger and 5G iPods are announced

jer446 · Mar 8, 2005, 07:01 PM

why does this happen to me lol? i bought apple stock a couple of days ago..

mj_1903 · Mar 8, 2005, 07:20 PM

Quote:

Originally Posted by jer446

why does this happen to me lol? i bought apple stock a couple of days ago..

Don't worry about it, the price will climb back up again shortly. This is just a little bit of profit taking.

RandomDeadHead · Mar 8, 2005, 07:26 PM

Time to update the iMacs and Powermacs. Just the kick we need.

Yvan256 · Mar 8, 2005, 07:52 PM

Quote:

Originally Posted by jer446

why does this happen to me lol? i bought apple stock a couple of days ago..

I bought at 44.60$, I feel your pain...

Lacero · Mar 8, 2005, 08:08 PM

Apple stock is currently overvalued. It's being corrected.

Hoef · Mar 8, 2005, 08:34 PM

Quote:

Originally Posted by Lacero

Apple stock is currently overvalued. It's being corrected.

Really? What do you think is the right price?

wide · Mar 8, 2005, 09:14 PM

This has been happening since the stock touched the $60 price range.

hob · Mar 8, 2005, 10:01 PM

Quote:

Originally Posted by Yvan256

I bought at 44.60$, I feel your pain...

Surely now is the worst time ever to buy... well not NOW but when YOU did... cos Apple stock is at the highest it's EVER been! If it fell to about 30 points I'd invest heavily...

runninmac · Mar 8, 2005, 10:03 PM

Quote:

Originally Posted by Yvan256

I bought at 44.60$, I feel your pain...

I feel everyones pain i bought it 4 cents higher, $44.64!

Bibulous · Mar 9, 2005, 12:56 AM

sell

no wait buy

no sell

buy low, sell high or something...

Savage Henry · Mar 9, 2005, 03:37 AM

Quote:

Originally Posted by Bibulous

sell

no wait buy

no sell

buy low, sell high or something...

In a kind of empty pre-coffee deluge morning way, that made me laugh. Thanks for that.

I too believe that the price has reached a pretty astounding peak and doubt it will make any further sky reaching climbs beyond normal market patterns. The last 12 months has seen Apple release a slew of new products, most of which pretty damn good. However, from now on I can't see anything other than the upgrading of the current lines in the next 12 months, and that kinda progress don't get them share prices rocketing.

Just mho ..... shares prices may go up as well as down.

tristan · Mar 9, 2005, 05:14 AM

If you can't read a financial statement, then you shouldn't own stock.

And if you can read a financial statement, then what are you doing buying Apple stock? :-)

Seriously, Apple is actually starting to be a company with some decent earnings, which is good, but you can definitely argue that the stock price has moved ahead of those earnings.

quackattack · Mar 9, 2005, 10:20 AM

Quote:

Originally Posted by Hoef

Really? What do you think is the right price?

Well, Apples stated net worth is around $7 a share..... thats probably a little generous, gererally they probably have about $10 in net assets. Of course this doesn't factor in earnings.....

Apple is trading at around 32 times its projected earnings... but before you panic realize that other tech companies trade trade with a high P/E ratio Dell is around 23 I think.

Even still Apple has great potential, so this may not be out of the question. Valuing stocks is a tricky business. But with Apple I think if you settle in for a while, we will see some more upward motion. We just need to be patient as it digests some of the recent rises in price.

virividox · Mar 9, 2005, 12:16 PM

apple has no debt, which helps make its stock price high

but its really a lot of hype, their profits cant justify their high stock price. if u have their stock now and bought when it was low, good for you

but buying now, eh seems kinda like your just jumping on the bandwagon and i dont think that bandwagon is going that much furhter

Chappers · 12:45 PM

The Sony players look like something for Barbie.

quackattack · Mar 9, 2005, 01:13 PM

Quote:

Originally Posted by Chappers

The Sony players look like something for Barbie.

Actually there is another model that looks very cool.

Shuffle with a screen! Apple better take note. Too bad it won't take AAC.

agentmouthwash · Mar 9, 2005, 01:36 PM

I hope Apple are paying attention to what's going on.
On the subway the other day I watched about 6 people
drool over this person's orange creative zen micro.
They were all talking about napster-to-go and how
people are selling their ipods on ebay for these
new units that have FM radio, audioin and longer battery.
One kid was saying how the new ipod mini colors are
so 80's and flourescent and the zen has more choices
and are cooler.
The whole thing made me sad.

Mar 8, 2005, 05:10 PM	#1
CubaTBird macrumors 68020 Join Date: Apr 2004	Apple Shares Drop 5% http://www.macobserver.com/stockwatc.../03/08.2.shtml Shares of Apple Computer dropped 5.2% Tuesday on worries that Sony's new flash memory-based music players could take a bite out of Apple's iPod empire. Sony announced new low-cost music players today in its Walkman product line that are designed to compete with Apple's iPod shuffle. While the new Walkman models are slightly more expensive than their iPod shuffle counterparts (see TMO's full coverage for more information), Sony included support for the MP3 format for the first time. Industry watchers have seen this as critical for Sony to be able to gain significant traction in the market because of the dominance of MP3 in the digital music sphere.

Mar 8, 2005, 05:16 PM	#2
Dont Hurt Me macrumors 601 Join Date: Dec 2002 Location: Yahooville S.C.	You know that wasnt it, it was those Doom3 scores that lowered that stock. __________________ Those that give up Liberty to have temporary Security deserve Neither......Benjamin Franklin.

Mar 8, 2005, 05:20 PM	#3
virividox macrumors 68040 Join Date: Aug 2003 Location: Manila - Nottingham - Philadelphia - Santa Barbara - Boston (ugh hate not knowing where to call home)	its about time that apple shares dropped anyway, their share price is very inflated __________________ 17" MBP , 2 gig ram, 200 gig fw800 + 120 gig fw400 + 250 gig usb2 ext, 5g 80gig Ipod, Tiger d200 & d70

Mar 8, 2005, 05:26 PM	#4
Phobophobia macrumors 6502 Join Date: Dec 2003	Long and proud. __________________ "how do you win $ 1.6 M at a quarter slot? that's 6.4 millions coins shooting out of the slot. they could have killed her!!!" -- Don't Panic

Mar 8, 2005, 06:04 PM	#5
Blackheart macrumors 6502a Join Date: Mar 2004 Location: Seattle	Time to buy more! __________________ "Not everyone can be the first with a new idea, but there is no excuse for not copying a good idea quickly" - Stephen Friedman Great Stickies: GUIDE: Zap PRAM, Repair Permissions, & run FSCK GUIDE: Networking Windows with OS X Guidelines for Getting Help

Mar 8, 2005, 06:13 PM	#6
Daveway macrumors 68040 Join Date: Jul 2004 Location: New Orleans / Lafayette, La	Arg!! The Pain!! I've been kinda depressed all day about it. __________________ Spare me my life. MBP 2.2 glossy, Alu Macbook 2.4, iMac G5, iPhone3GS 32gb white, iPodz

Mar 8, 2005, 06:17 PM	#7
Mr. Durden macrumors 6502a Join Date: Jan 2005 Location: Colorado	This is it. We've been hearing how Apple is doomed and on the verge of closing their doors permanantly... this is it. So long Apple, been nice knowing you. (Just is case you couldnt tell, that was dripping with sarcasm)

Mar 8, 2005, 06:48 PM	#8
quackattack macrumors 6502a Join Date: Aug 2004 Location: Boise, ID	No worries, they will bounce back up when Tiger and 5G iPods are announced __________________ Alum iMac 24" 2.8, 4GB RAM Powerbook 15" G4 1.5 iPhone / 5G iPod / TV "Be true to yourself, if it lands you in hell at least now you know."

Mar 8, 2005, 07:01 PM	#9
jer446 macrumors 6502a Join Date: Dec 2004	why does this happen to me lol? i bought apple stock a couple of days ago..

Mar 8, 2005, 07:26 PM	#11
RandomDeadHead macrumors 6502 Join Date: Feb 2003 Location: fennario	Time to update the iMacs and Powermacs. Just the kick we need.

Mar 8, 2005, 08:08 PM	#13
Lacero macrumors 601 Join Date: Jan 2005	Apple stock is currently overvalued. It's being corrected.

Mar 8, 2005, 09:14 PM	#15
wide macrumors 6502a Join Date: May 2004 Location: NYC	This has been happening since the stock touched the $60 price range. __________________ 1.33 GHz iBook 12.1" -iskin protouch pb (artic) -microsoft intellimouse explorer bluetooth a dell laptop and a few ipods

Mar 9, 2005, 12:56 AM	#18
Bibulous Registered User Join Date: Jan 2005	sell no wait buy no sell buy low, sell high or something...

Mar 9, 2005, 05:14 AM	#20
tristan macrumors 6502a Join Date: Jul 2003 Location: high-rise in beautiful bethesda	If you can't read a financial statement, then you shouldn't own stock. And if you can read a financial statement, then what are you doing buying Apple stock? :-) Seriously, Apple is actually starting to be a company with some decent earnings, which is good, but you can definitely argue that the stock price has moved ahead of those earnings. __________________ Index Roll: Indexing on Steroids

Mar 9, 2005, 12:16 PM	#22
virividox macrumors 68040 Join Date: Aug 2003 Location: Manila - Nottingham - Philadelphia - Santa Barbara - Boston (ugh hate not knowing where to call home)	apple has no debt, which helps make its stock price high but its really a lot of hype, their profits cant justify their high stock price. if u have their stock now and bought when it was low, good for you but buying now, eh seems kinda like your just jumping on the bandwagon and i dont think that bandwagon is going that much furhter __________________ 17" MBP , 2 gig ram, 200 gig fw800 + 120 gig fw400 + 250 gig usb2 ext, 5g 80gig Ipod, Tiger d200 & d70

Mar 9, 2005, 12:20 PM	#23
Chappers macrumors 68000 Join Date: Aug 2003 Location: At home	The Sony players look like something for Barbie. __________________ Check out the fortnightly photo challenge at Culture don't make Light of it Last edited by Chappers : Aug 6, 2008 at 12:45 PM.

Mar 9, 2005, 01:36 PM	#25
agentmouthwash macrumors regular Join Date: Aug 2003	I hope Apple are paying attention to what's going on. On the subway the other day I watched about 6 people drool over this person's orange creative zen micro. They were all talking about napster-to-go and how people are selling their ipods on ebay for these new units that have FM radio, audioin and longer battery. One kid was saying how the new ipod mini colors are so 80's and flourescent and the zen has more choices and are cooler. The whole thing made me sad.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode