Many companies who rely heavily on China for their manufacturing will have made a financial loss, just as Apple have done and as such will be having high level executive meetings on which countries they can move their production facilities too. The reason I believe this will happen is because the press have been reporting about how Chinese officials covered up the initial outbreak of the virus by silencing the doctors and other medical professionals who discovered something was wrong back in December. As a result of this, the virus was allowed to spread which brought the country to a near standstill. Corporations who have manufacturing interests in China will not be happy that they have made a loss due to the negative interference of government officials when the problem was first detected.
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Apple Says March Quarter Revenue Will Fall Short Due to Coronavirus Impact [Updated]
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That’s the convention normally used when talking about historic stock prices. You use the split-adjusted price and, typically, you don’t need to note that it’s the split-adjusted price because that’s understood. Now and then, depending on the context, I’ll note that the price I‘be given is split-adjusted.But more often I don’t.
Pre-market 318.60 −6.35 (1.95%)
It could drop more of course, but this shows no one is in panic mode. Companies constantly have one time charges or events and this is similar.
We’re due a correction anyways. The virus is merely the excuse they’ll put on it.
The virus isn't anything permanent. The fact is, any losses due to the virus will rally. I anticipate a bigger correction
Aren’t the long weekends reserved by finmin types for correcting these minor glitches? Dammit, where are my negative interest rates?
The stock has been on a tear. It could use a little rest. Last time I bought some was around $310 and just a tiny amount. I think it is too early to take a bite out of the Apple here. My strategy is to continue looking at Apple suppliers that might take a bigger hit. The 5G companies and semis.
It has only split once since the iPhone was announced in 2007. Before that it split 2-for-1 three times - in 1987, 2000, and 2005.
Really?so, This virus kill, so far 13%:
CLOSED CASES:
14,809 Cases which had an outcome:
12,935 (87%) Recovered / Discharged
1,874 (13%) Deaths
Do you know the % of Flu dead? 1%.
If this get out of control............
Hmmm You clearly have no idea what are you talking about. Please do not spread the false informations. Your numbers are a classic case of "fake news". Understanding the epidemiology and statistic is a must if you want to say something on the topic. Obviously you have none...
Yeah, 2% like I said would happen. It's good to be worth $1.4T.
Apple sees $45 billion in market value wiped out after warning that the coronavirus will push revenue below forecasts
Apple attributed the nullified forecast to a near-term hit to global iPhone supply and weaker demand in China.www.yahoo.com
It’s pretty inexact to say that it “closed at” that price, though. You couldn’t buy an AAPL share for about $12 back then.
Yes, it is. If you’re talking growth, which this person was, then discuss it as a percentage (which is itself remarkable) or specify that it’s a split-adjusted price. It simply didn’t “close at” $12.21.
Precisely....although many vaccines and critical liquid meds, injectables, IVs, and other drugs are made in the country using them, because of short expiry dates, and risk of shipping too far, and also national security concerns.
Unfortunately we don't have that rule that our countries have to maintain some capacity to manufacture drugs here.
Pretty sure that is at the request of global public health authorities, since so many people are panicking, and the Chinese economy is taking huge hits, even in areas that have zero cases and zero deaths. Same for the worldwide tourist industry---people are under far greater risk and die by the millions from other diseases, and we barely bat an eye.
So far the death rate from COVID is very low, lower than SARs, and a hell of a lot lower than the regular seasonal flu, or bacterial pneumonia---both have vaccines, Annual Flu and Prevnar 13 and Pneumovax, and adults with other problems like diabetes and cardiac issues are very under-vaccinated. Meantime, Flu and secondary bacterial pneumonia are the biggest worldwide killer of children under 5. And the biggest killers of people over 65.
Actually, I wonder if this virus will change the actions of all the Silicon Valley Tech companies and employees who won't vaccinate their kids, or get vaccinated themselves. Kinda sad....sure they believe in science....
Y'all want a vaccine for COVID but really, is anyone going to take it when it comes?
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No it's not, this is fake news, Daily WHO updates have released much different death rates. Lots of people have been exposed to it and have had very mild illness, e.g. many people on the cruise ships have tested as showing small amounts of virus in their blood, but no symptoms, and the same had happened in Hubei, which is why they switched to taking temps and doing CT scans to find symptomatic people and are worrying less about people who are mildly ill.Really?
CLOSED CASES:
14,809 Cases which had an outcome:
12,935 (87%) Recovered / Discharged
1,874 (13%) Deaths
Do you know the % of Flu dead? 1%.
If this get out of control............
Don't engage in scare tactics.
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No, the standard way that everyone does it is split-adjusted pricing, because the absolute dollar figure on a particular date is irrelevant. That’s even the way that brokers tell you your cost basis. “You bought the stock at $12.21” You think you’re right and the entire financial industry and financial reporting industries are wrong?
China population 1.4 Billion. !800 doesn't read on the meter.
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Roughly speaking, about 70% of your chemicals and medicines originate from China. Unless you like global collapsed health care and economies you don't pull on the Tiger's tail unnecessarily.
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Well sure that's a fair assessment. However, the cost to replicate Apple's manufacturing prowess in one or more other locations besides China would be a monumental undertaking, both in terms of money and the time required to build it out.
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I think I'd have to agree. I actually just responded to a similar reply to my comment. But it will be so costly and time consuming, it will be years before we would even start to see any progress made on this, that is if companies even decide to do it at all. And if they do, what country or countries would they choose for their duplication site? My friend and I have been discussing this more and more, and we think India might be the next big country for manufacturing. Just seems logical with their huge population, many of whom are unemployed or underemployed. But we will see!
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This is often how humans communicate. We say things which, in order to be strictly speaking accurate, would require elaboration. But we don't have to constantly provide that additional explanation of what we mean because it's come to be accepted that when we say X we mean X (plus some parenthetical elaboration).
For all intents and purposes, when we say a stock closed at a certain price on a certain date, we mean that it closed at that certain price on that certain date (in split-adjusted terms). That's the accepted convention.
Again, this is not at all an unusual way of communicating or, speaking practically, inaccurate. We, for instance, say that GDP increased 2.4% in the second quarter when that wouldn't really be accurate if it wasn't understood that what we meant was that GDP increased 2.4% in the second quarter (quarter-over-quarter, but on an annualized basis).
Thanks for the infos! My understanding is that the coronavirus is a bad development since it shows how helpless we are in light of evolution and mutation. Luckily the virus’s morbidity and mortality don’t seem to be very high, if official sources can be believed. Still governments don’t want to take a risk. Perhaps the phrasing “extended holidays” truly fits the situation best.
The concern is the concentration risk and good example would be data centers. It would probably be cheaper to put them all in one part of the world so you have one labor pool, but they don't do that in case of natural disasters, etc.
There's literally a footnote on company financial statements related to this issue.