Apple Pulls Online iPad Sales from Amazon China for Unknown Reasons

[Mr. Gates]

"Unknown Reasons" ???

That's dumb.

All iPads have been bulled from shelves in China.

How thick can a person be?

 

[BobbyRond]

Closed at $498, currently down $3 more in after-hours trading.

If this continues, it will be $377 by close Friday, and $77 next Friday.

Sorry for the people who are holding AAPL stock right now, but how I wish that was going to happen. With stock dropping to $77, I'll buy in as much as I can, waiting for it to rise back to $500+

 

[Matt-M]

Apparently this was the reason the stock, rising through $526, crashed back to $506 today. That's serious, Apple needs to resolve this ASAP.

Not likely. Probably just profit-taking by those who bought in during the last month. Not related to fundamentals.

 

[HiRez]

Not likely. Probably just profit-taking by those who bought in during the last month. Not related to fundamentals.

Maybe, but stock prices rarely are based purely on fundamentals. They jerk around at the whims of millions of misinformed panicky investors. And Apple stock was headed up, up, up until right when this story broke and then took a precipitous dive down about $35 per share at one point. Perhaps some investors did decide to sell off and take profits, but I believe this story was what precipitated the sell off and stopped the stock's momentum cold in its tracks. Granted, as usual with any Apple story, it was probably overblown and mischaracterized a dozen different ways, but that's what investors saw, and they got nervous. It would be in Apple's shareholder's interest if they take it off the table as a wildcard variable. Although it appears to be in the hands of the Chinese courts right now, which is not reassuring to me.