Apple Shares Drop 5%

Discussion in 'Current Events' started by CubaTBird, Mar 8, 2005.

  1. CubaTBird macrumors 68020

    Joined:
    Apr 18, 2004
    #1
    http://www.macobserver.com/stockwatch/2005/03/08.2.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. :eek:
     
  2. Dont Hurt Me macrumors 603

    Dont Hurt Me

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    Yahooville S.C.
    #2
    You know that wasnt it, it was those Doom3 scores that lowered that stock. :eek:
     
  3. virividox macrumors 601

    virividox

    Joined:
    Aug 19, 2003
    Location:
    Manila - Nottingham - Philadelphia - Santa Barbar
    #3
    its about time that apple shares dropped anyway, their share price is very inflated
     
  4. Blackheart macrumors 6502a

    Blackheart

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    Seattle
  5. Daveway macrumors 68040

    Daveway

    Joined:
    Jul 10, 2004
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    New Orleans / Lafayette, La
    #6
    Arg!! The Pain!! :eek: :mad:
    I've been kinda depressed all day about it. :(
     
  6. Mr. Durden macrumors 6502a

    Joined:
    Jan 13, 2005
    Location:
    Colorado
    #7
    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. :rolleyes:

    (Just is case you couldnt tell, that was dripping with sarcasm)
     
  7. quackattack macrumors 6502a

    quackattack

    Joined:
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    Location:
    Boise, ID
    #8
    No worries, they will bounce back up when Tiger and 5G iPods are announced :D ;)
     
  8. jer446 macrumors 6502a

    Joined:
    Dec 28, 2004
    #9
    why does this happen to me lol? i bought apple stock a couple of days ago..
     
  9. mj_1903 macrumors 6502a

    mj_1903

    Joined:
    Feb 3, 2003
    Location:
    Sydney, Australia
    #10
    Don't worry about it, the price will climb back up again shortly. This is just a little bit of profit taking. :)
     
  10. RandomDeadHead macrumors 6502

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    Location:
    fennario
    #11
    Time to update the iMacs and Powermacs. Just the kick we need.
     
  11. Yvan256 macrumors 601

    Yvan256

    Joined:
    Jul 5, 2004
    Location:
    Canada
    #12
    I bought at 44.60$, I feel your pain...
     
  12. Lacero macrumors 604

    Lacero

    Joined:
    Jan 20, 2005
    #13
    Apple stock is currently overvalued. It's being corrected.
     
  13. Hoef macrumors 6502a

    Hoef

    Joined:
    Jul 11, 2004
    Location:
    Houston, TX..... (keep walking)
    #14
    Really? What do you think is the right price?
     
  14. wide macrumors 6502a

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    May 17, 2004
    Location:
    NYC
    #15
    This has been happening since the stock touched the $60 price range.
     
  15. hob macrumors 68020

    hob

    Joined:
    Oct 4, 2003
    Location:
    London, UK
    #16
    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...
     
  16. runninmac macrumors 65816

    runninmac

    Joined:
    Jan 20, 2005
    Location:
    Rockford MI
    #17
    I feel everyones pain i bought it 4 cents higher, $44.64!
     
  17. Bibulous macrumors 6502a

    Joined:
    Jan 19, 2005
    #18
    sell



    no wait buy



    no sell



    buy low, sell high or something...
     
  18. Savage Henry macrumors 65816

    Savage Henry

    Joined:
    Feb 20, 2004
    Location:
    in a one horse, two house, three pub town.
    #19
    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.
     
  19. tristan macrumors 6502a

    Joined:
    Jul 19, 2003
    Location:
    high-rise in beautiful bethesda
    #20
    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.
     
  20. quackattack macrumors 6502a

    quackattack

    Joined:
    Aug 13, 2004
    Location:
    Boise, ID
    #21
    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.
     
  21. virividox macrumors 601

    virividox

    Joined:
    Aug 19, 2003
    Location:
    Manila - Nottingham - Philadelphia - Santa Barbar
    #22
    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
     
  22. Chappers macrumors 68020

    Chappers

    Joined:
    Aug 12, 2003
    Location:
    At home
    #23
    The Sony players look like something for Barbie.
     
  23. quackattack macrumors 6502a

    quackattack

    Joined:
    Aug 13, 2004
    Location:
    Boise, ID
    #24
    Actually there is another model that looks very cool.

    [​IMG]

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

    agentmouthwash

    Joined:
    Aug 15, 2003
    #25
    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.
     

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