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Apple's Market Valuation Drops Below $2 Trillion as Stock Price Continues to Fall
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For someone on older models an iPhone 13 is a better choice as it is virtually identical but significantly cheaper. I can tone down my expectations (already did), apple can tone down their expectations that people like me will upgrade every year as we used to. I wonder what will the shareholders expectations will look like when they will start swing plummeting profits…
Maybe it would have if you had bought the ProDisplay XDR, lol 😉🤣🤑
You think I’m the only one not buying iPhone 14 and Apple Watch series 8? Think again, the excitement around these products is close to zero. They can hide behind production constraints only for a time, eventually it will be clear that market ignored them this year and that’s when shareholders will seriously start selling and the stock price plummet.
Yeah I’m surprised too. I bought a couple of lightning to USB cables so I know I did my part.
A lot of people have been buying AirPods ever since the holiday sales started in early November 2022. It seemed as though every time there was a good deal to be had on AirPods at Amazon, Walmart, Target, etc., they'd sell out or availability would be limited to certain brick and mortar locations.
I've been seeing a lot more people walking around with AirPods over the past 2 months around here.
I think the rumor/news of Apple asking suppliers to reduce manufacturing of components for AirPods and other devices is because the holidays are over and the level of demand for such devices will be lower for at least the next 2 quarters.
I’m a novice and my portfolio is quite meager and all in fixed income because I couldn’t stomach stock valuations.
Volume of 71,692,390 means shares have been traded (i.e. bought *and* sold), not just sold.
Apple needs to be very careful with their strategy outside of the USA. In particular Europe. Their pricing is so obscene vs the android options that makes lots of people not bother with apple.
iOS marketshare is on the 10%s in some countries and that has the direct consequence that the local app ecosystem suffers. I'm already starting to see how iOS versions for some local services are either non-existent or just poorly done. Which makes it even less likely for people to stay on iOS for their next phone.
They need to come out with a lot more SE-like devices at competitive pricing.
iOS marketshare is on the 10%s in some countries and that has the direct consequence that the local app ecosystem suffers. I'm already starting to see how iOS versions for some local services are either non-existent or just poorly done. Which makes it even less likely for people to stay on iOS for their next phone.
They need to come out with a lot more SE-like devices at competitive pricing.
A billion here, a billion there…it’s not long before you’re talking serious money 
Cash outlay for new devices is the last thing on most consumer’s minds right now as they try to afford food, gasoline, their mortgages and auto loans. Until inflation lessens and the Fed lowers interest rates again Apple is not producing anything that is “essential” to anyone. People will get one more year out of their iPhones, iPads and Macs while they weather the current economic climate. My iPhone XR can go at least one more year before upgrading become an important choice. Now, it’s a no-brainer to simply wait.
Again, the stock price has literally nothing to do with what the company is or is not currently doing. We're on the brink of a massive market crash and ALL stocks are falling in unison as the true kings of Wall Street (hedge funds) sell off their stock trying keep their own heads above water.
It’s a very small percentage of both my investment portfolio and my net worth. And the only single stock I buy. I do it because it’s the company I believe in the most 👍🏻 but if I lost it all wouldn’t really affect me.
I do appreciate the suggestions, though. I’ll check those out.
I purchased an iPad Air 4th 64GB on sale ($399) to replace my iPad 6th Gen. My 2017 iPad Pro 12.9 soldiers on until iPadOS improves markedly in usability and my M1 13” MBP is still awesome. My AirPods Pro aren’t even a year old so I can get by for at least one more year. Apple makes nothing essential for anyone right now, Tim Cook is going to learn a very valuable lesson this year.
iPhone X for Life! 😁
Apple and AMD are two of the highest held shorts on Wall Street. Every time Shorts drive price down Apple buys more shares back in after hours.
Munster and other anal-ysts are floating speculation giving today's new excuse to sell. Apple doesn't mind. That means more total ownership for them over the stock.
Apple is divesting their manufacturing out from China, giving Nikkei the excuse to speculate and legally indemnify them with the worlds, partly because.... which is because they just finished the Quarter in December which had large sales and thus the first month of 2023 will have not as strong and that's to be expected, ever January since the company has been traded.
We had 12 years of growth largely stimulated artificially with QE and low interest rates. Then the bad behavior inevitably came along. Markets manipulated online and offshore, unregulated crypto markets stealing tons of money and giving it to anonymous rich people and intelligence agencies, tech start ups lying about their products, CEOs in jail, landlords taking advantage of all these conditions to grab tons of land and charge obnoxious amounts for them to convert them into airbnbs. So recession and correction was inevitable.
Related article
Apple needs another hit product. But the rumored new AR/VR glasses will not be it.
Michael Gartenberg, a former Apple exec and Gartner analyst, doesn't think Apple will succeed with the glasses where others have struggled.
The mixed reality device is only one suggestion, as you can see in this article its like a very lofty goal to accomplish, still there are many ways to improve existing Apple products feature sets and functionality. All they need to do is come out with features that are compelling to use and sales will be maintained during this period IMHO.
TheYayAreaLiving 🎗️
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I figured this news would make your day today 😂 🤦♀️