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Apple Loses $2 Trillion Status Following Largest One-Day Loss in Market Value of Any Company Ever
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Do you realize it’s now worth 1.9 trillions right? When you did say "it's not worth 2 trillion bucks", did you meant it was worth 1.9T? Otherwise both that comment and the new one are pretty meaningless. It also started rebounding already from the day of this post. Apple has a mature product line, iPhone, that makes mountains of money, and with the budget models of last 2 years has also capacity for growth again, has other product lines (AirPods, Watch) that keep growing and are each one already like a fortune 100 company by themselves, has another product line, Mac, that’s like another fortune 100 by itself; their services keep growing impressively and their revenue amounts already to the revenue of several big companies together, they have a growing number of retails store with a revenue per square meter that’s higher than luxury stores like Cartier; they are a very valuable company with a massive customer base, several successful product that keeps growing, new products on the horizon, and most of all a strategy that prove successful time and time and time and time again despite, all the gloomy predictions of analysts and armchair quarterback . Stock market value represents the potential value of a company in the medium long term, not the value a company has today, therefore it’s not so incredible they have a huge evaluation.
I took the chance to add a meaningful amount to my position. That was a great buying opportunity.
Not worried. AAPL did the same a few years ago after the 1-7 split: a precipitous drop a week after the split followed by a long steady climb to dizzying heights.
Tl;dr: buy low and hold forever.
Tl;dr: buy low and hold forever.
I had to sell some stocks so that I can buy the latest and greatest ARM Mac Pro when Apple announces it.
I hope $2 trillion is enough money
The stock market actually works? News to me.
Seriously, the relationship between how well a company is doing and its stock price is effectively nil these days. Remember the dotcom bubble where people were buying stocks even though in terms of profits the companies were basically loosing their shirts?Yes! I'm just surprised that people think this will go indefinitely and they FOMO in often essentially buying the top and then when it drops they start to have these comments. Its like they never realise that for someone to buy there has to be someone to sell and its impossible for everyone to make money. Some will have to lose eventually its usually those that buy at the top.
So saying things like : I can't stomach this - makes me wonder if these people actually understand the market or they just blindly thought they would jump on the hype train only to get burnt.
So saying things like : I can't stomach this - makes me wonder if these people actually understand the market or they just blindly thought they would jump on the hype train only to get burnt.
The stock market actually works? News to me.
As I said, stocks are the only game in town. Double digit losses don’t happen in US equities over the long term, unless you try to be a stock picker...which basically no one can do consistently.
No one wants less than 1% returns unless you want to work forever and still be poor.
Stocks earn incredible (best available) returns over time. If you’re buying stocks for some fixed annual return expectation, you’re doing it wrong. Stocks will be down double digits some years. Buy more.
Proof it is overvalued? The market price is the value, agreed upon by everyone who matters.
Stocks fluctuate in general. All of them.
Also wise to remember its a global market, as such when other markets have downturns you have a ripple effect.
It is overvalued. The proof will come when the stock price goes down. See Exon Mobile. Once the most valuable company in history.
Over-valued or no, I think we can all agree that Apple’s fundamentals are sound, and it will continue to do well and prosper for a good many years to come.
Haha, good one. So short it? Exxon is in a terrible industry with many problems and doesn’t have even close to the management quality of Apple.
Apple has gone down many times before and always makes new highs. You are wrong and provided no evidence it’s overvalued other than your baseless opinion.
The end of Apple. maybe not in my time of life, but in yours possibly. Nothing lasts forever.
indeed. The run-up was driven by people getting in before the split, so they could sell a portion after. It was inevitable and pretty obvious that it would drop, yet some are attributing the drop to other things. It was clearly overbought. The continued climb after the split were the people trying to buy at the lowered price, not realizing that when interest / demand was satiated, it would momentum-fall, hard. I told some it would happen that way, yet they still added to their positions shortly after the split. FOMO was real. 🤷🏽♂️😩
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Considering a good chunk of the market was sliding, seems like plenty of other things in play.
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It's going to go back up as well. There, I said it. Those who bought low will be happy campers.
Indeed, but pullback would’ve happened regardless. The climb was overextended, pushed further by the stock split announcement.
Indeed it will. It wasn’t a bad move to add to their positions. However, the same people who are susceptible to FOMO are the ones that panic sell when it drops and exacerbate the fall. A few people in this thread regret buying and don’t have the nerve. Such is the state of a FOMO buyer. It was two stages of unnecessary stress, the fear of not getting in, and the fear of not getting out. People love to see things climb but panic when it falls as if, things can go up in perpetually. Correction is healthy, most don’t get that. I dare say without checking the charts, but it’s possible AAPL was entering dangerous bubble territory. 🤷🏽♂️
Indeed. I went long when people realized daddy wasn’t Superman a few years ago @ 95. Once I saw that happen, I realized the significance and took my first investor position ever, and advised a few others to do so too. It was a great time to capitalize, as people ignored AAPL’s fundamentals and were being irrational. Doubled my position before 110. Been holding since, while trading options.
When irrationality hits critical mass, it’s a great time to play.
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