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Old Apr 17, 2013, 11:59 AM   #1
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Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400




Apple's stock price hit new lows today, setting 52-week records and hitting the lowest points seen since late 2011. The price has traded beneath the $400 level several times this afternoon, with AAPL having not traded that low since December 23, 2011.

Today's slide follows a lower-than-expected revenue forecast for Cirrus Logic, a major supplier for chips used in the iPhone and iPad. Traders believe the lower forecast indicates weak Apple sales over the next several quarters.

Apple's stock price traded over the $400 mark for the first time in July 2011.

Apple will announce its second quarter earnings on April 23rd. The earnings release typically occurs just after 4:30 PM Eastern Time following the close of regular stock trading, and the conference call is scheduled to follow at 5:00 PM Eastern / 2:00 PM Pacific.

Article Link: Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400
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Old Apr 17, 2013, 12:00 PM   #2
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Oh my.
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Old Apr 17, 2013, 12:01 PM   #3
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Good time to buy?
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Old Apr 17, 2013, 12:01 PM   #4
Xenomorph
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Good thing I have all my money tied up in Bitcoins!
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Old Apr 17, 2013, 12:02 PM   #5
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I guess it's time to switch to BlackBerry.
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Old Apr 17, 2013, 12:02 PM   #6
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Almost time to think about buying.
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Old Apr 17, 2013, 12:02 PM   #7
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I bought in at $650....good game.
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Old Apr 17, 2013, 12:02 PM   #8
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its not all bad - it makes macrumors forums a nicer place as there used to be so many AAPL gloaters when the stock was at $700 but now very few people admit to owning the shares...

edit apart from guy above me
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Old Apr 17, 2013, 12:02 PM   #9
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In the meantime Apple are still on their vacation.
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Old Apr 17, 2013, 12:03 PM   #10
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Does this mean my phone is no more good?
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Old Apr 17, 2013, 12:03 PM   #11
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Prepare yourself for the stock to go down even further if apple announces good profits.
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Old Apr 17, 2013, 12:03 PM   #12
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Do we know what % of iphones use parts from that supplier? Couldn't they have switched suppliers?

Very sad to see another mass sell based on half information from another company. Didn't this happen right before last quarter results call?

Edit: So they stopped buying an OLD PART? I'm guessing Apple switched suppliers or something and Cirrus is bitter. They're trying to drag Apple down out of spite. Cirrus has nothing to lose.

Last edited by applesith; Apr 17, 2013 at 12:58 PM.
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Old Apr 17, 2013, 12:03 PM   #13
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Is there anything that won't cause Apple's stock to drop?
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Old Apr 17, 2013, 12:04 PM   #14
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The biggest enemy of Apple is not Google but itself. Most of its profits come from iPhone but they refuse to give people different sizing options and so people like me have pre-ordered the Galaxy S4 because it has a 5" screen compared to my puny iPhones 5's 4" screen.

Why can't Apple just do a 4",4.5", and 5" screens? Give people options, small screen phones are so 2007. Also, redesign iOS, its so boring now.
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Old Apr 17, 2013, 12:04 PM   #15
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I said from day one that Tim Cook is no replacement for Steve Jobs. Apart from kissing China's backside, I haven't seen him doing anything.
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Old Apr 17, 2013, 12:05 PM   #16
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Imagine if it went back to below $10 as in 2003.
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Old Apr 17, 2013, 12:06 PM   #17
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Yahoo finance has even lower numbers $398,11.
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Old Apr 17, 2013, 12:06 PM   #18
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Wouldn't want to be in Cook or Oppenheimer's shoes right now. IF its a bad quarter my guess is we'll hear calls for both of them to get the ax.
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Old Apr 17, 2013, 12:07 PM   #19
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well its not like they have released anything in like forever
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Old Apr 17, 2013, 12:07 PM   #20
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Quote:
Originally Posted by ryuok View Post
I said from day one that Tim Cook is no replacement for Steve Jobs. Apart from kissing China's backside, I haven't seen him doing anything.
And who exactly is a good replacement? If Cook isn't then no one is.
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Old Apr 17, 2013, 12:08 PM   #21
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Well i hope it rebounds because i bought two shares when it was close to 700. i gambled and lost
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Old Apr 17, 2013, 12:08 PM   #22
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Quote:
Originally Posted by ryuok View Post
I said from day one that Tim Cook is no replacement for Steve Jobs. Apart from kissing China's backside, I haven't seen him doing anything.
Who should have replaced Steve? Someone from outside Apple?
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Old Apr 17, 2013, 12:09 PM   #23
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Shows how susceptible the markets are to perception and reputation.
Samsung, HTC and Sony have climbing stocks, following good product launches, and healthy balance sheets.
Apple might have the biggest bank balance of them all, but investors needs to see growth, product and strength. Not just quarterly sales.

Perhaps it's time for apple to start communicating more.. Rather than these long periods of silence between keynotes. Their idea that keeping quiet and secretive will avoid rivals stealing their ideas has been proven somewhat pointless by the failing lawsuits and patent battles.

So maybe it's finally time for a "ideas that apple is working on" keynote?
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Old Apr 17, 2013, 12:09 PM   #24
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Quote:
Originally Posted by AQUADock View Post
Prepare yourself for the stock to go down even further if apple announces good profits.
yeh probably record breaking but will be seen as "dissapointing"
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Old Apr 17, 2013, 12:09 PM   #25
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Quote:
Originally Posted by AQUADock View Post
And who exactly is a good replacement? If Cook isn't then no one is.
Unfortunately nobody can replace the markets faith in Steve Jobs.
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