Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Apr 17, 2013.

  1. macrumors bot

    MacRumors

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    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.

    [​IMG]
    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
     
  2. macrumors 603

    nfl46

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  3. macrumors 6502a

    SmileyBlast!

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  4. macrumors 65816

    Xenomorph

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    #4
    Good thing I have all my money tied up in Bitcoins!
     
  5. macrumors newbie

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  6. macrumors 68040

    KdParker

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  7. macrumors regular

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  8. macrumors member

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    Apr 24, 2012
    #8
    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:p
     
  9. macrumors 68020

    AdeFowler

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    #9
    In the meantime Apple are still on their vacation. ;)
     
  10. macrumors regular

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  11. macrumors 65816

    AQUADock

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    #11
    Prepare yourself for the stock to go down even further if apple announces good profits.
     
  12. applesith, Apr 17, 2013
    Last edited: Apr 17, 2013

    macrumors 68020

    applesith

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    #12
    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.
     
  13. macrumors 6502

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    #13
    Is there anything that won't cause Apple's stock to drop?
     
  14. macrumors regular

    NIKKG

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    #14
    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.
     
  15. macrumors regular

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    #15
    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.
     
  16. macrumors 6502a

    SmileyBlast!

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    #16
    Imagine if it went back to below $10 as in 2003. :)
     
  17. macrumors 603

    justperry

    #17
    Yahoo finance has even lower numbers $398,11.
     
  18. macrumors G5

    Rogifan

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    #18
    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.
     
  19. macrumors 604

    bushido

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    #19
    well its not like they have released anything in like forever
     
  20. macrumors 65816

    AQUADock

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    #20
    And who exactly is a good replacement? If Cook isn't then no one is.
     
  21. macrumors 6502a

    ZacNicholson

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    #21
    Well i hope it rebounds because i bought two shares when it was close to 700. i gambled and lost:eek:
     
  22. macrumors G5

    Rogifan

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    #22
    Who should have replaced Steve? Someone from outside Apple?
     
  23. macrumors 6502a

    BMcCoy

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    #23
    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?
     
  24. macrumors 68000

    nick_elt

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    #24
    yeh probably record breaking but will be seen as "dissapointing"
     
  25. macrumors P6

    Peace

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    #25
    Unfortunately nobody can replace the markets faith in Steve Jobs.
     

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