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Apple Shares Drop Below $100 Amid Wider Stock Market Downturn [Updated]

QCassidy352 said:
May have? There are 5.7b shares of Apple outstanding, and they have $200b in cash. 5.7 * 30 = 171. So at $30/share, the market would be saying that the value of everything else in the company (patents, other IP, brand value, R&D, future earnings, etc) is negative 29 billion.
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Thanks for the calculations. You are correct.

This isn't about Apple though, they are doing great.
I do think though that we are on the edge of something far far larger than most people on this thread believe.
Hope I am wrong (and it certainly wouldn't be the first time!)

I put my money where my mouth is and took it off the table, in two months the price is going to be closer to 30 than 110. IMHO.

Like I said, if people are confident enough to buy, I wish you all luck!
 
duffman9000 said:
I hope so. I need to the housing market to tank again back down to affordable prices.
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Another housing market collapse would probably be the final nail in the coffin for the global economy, so I would be careful what you wish for. If there's anything capable of toppling the big banks, it's property, and there's no possible way to keep them afloat if they do.

The last time that kind of collapse occurred, there was a world war, and our exposure to those banks is far far higher now than it was then. So yeah, careful what you wish for.
 
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Awesome buying opportunity for AAPL. Those who sold last week and this morning will have regrets.
 
Four oF NINE said:
Michael Moore says he buys no stocks, and does not participate in the stock market at all.

"I don't buy things I don't understand" —Michael Moore

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That highlights a troubling lack of financial education in the United States. In my high school & university, finance and economic courses were electives. We can't expect things like the stock market to function properly if most people don't understand it. At the very least, the basics of these subjects should be mandatory teaching.
 
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Mr Fusion said:
That highlights a troubling lack of financial education in the United States. In my high school & university, finance and economic courses were electives. We can't expect things like the stock market to function properly if most people don't understand it. At the very least, the basics of these subjects should be mandatory teaching.
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If people understood the global financial system do you really think they would even let it continue to exist?
 
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Little to do with AAPL specifically. There is a world-wide investment bubble due to too much private savings relative to overall consumption. It has been moving around from investment vehicle to investment vehicle; first blowing each up into an investment bubble, then popping. First it was Internet stocks, then housing (world-wide), then emerging market bonds tied to Chinese commodity imports. Each time a bubble bursts, the wider stock market takes a hit due to incremental money shifting around quickly. This is going to happen over and over as long as we have the savings glut. The only real solution would be to shift some amount of savings to consumption, but that would be politically untenable as this requires "income redistribution" from the wealthy to the poor. Oh well.
 
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duffman9000 said:
I hope so. I need to the housing market to tank again back down to affordable prices.
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That's totally separate - certainly in the UK, where housing prices are just going to rise and rise.

Then rise some more.
 
k1121j said:
and in a few days it will shoot back up after iPhone announcement etc....
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Doubtful. News about the Fed upping interest rates has caused Dow Jones and the rest to tank. I had to dump my Netflix and Go Pro shares which were earning me a lot of cash in order to protect myself from losing more money. Thankfully I did because they tanked even more this morning.

And just some food for thought. Historically, Apple's shares are not known to rise due to a product announcement, especially with the 6S being nothing more than an update to the 6/6Plus. It's not going to be a major upgrade.
 
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windowpain said:
I do think though that we are on the edge of something far far larger than most people on this thread believe.
Hope I am wrong (and it certainly wouldn't be the first time!)
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You're not wrong. World markets are already crashing and it's not going to be pretty.
 
Yixian said:
If people understood the global financial system do you really think they would even let it continue to exist?
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Keeping the masses poor by suppressing key aspects of the education system... I like how you think. And I totally agree.
 
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Mr Fusion said:
That highlights a troubling lack of financial education in the United States. In my high school & university, finance and economic courses were electives. We can't expect things like the stock market to function properly if most people don't understand it. At the very least, the basics of these subjects should be mandatory teaching.
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His statement has more to do with his Occupy Wall Street "capitalism is gross and bad" than his understanding of the markets.
 
A rare misstep by Tim Cook. It sounded really defensive. He should be used to these meaningless cyclical downturns by now, and know not to chase.

Edit: Ah, the email was a reply to a query by Cramer. That's a bit better than if this was sent out of the blue.
 
JaySoul said:
It's a disaster, right now.

The stock market is collapsing and currency wars are only just getting started.

The next 2 years will be rough.
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What disaster? The market is on the bubble. If it didn't adjust, then it would be a disaster. These big sell-offs are healthy and normal. They just sting a little for investors like me right now.
 
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windowpain said:
Agree wholeheartedly, anyone who thinks this is about an iPhone is deluded.
Much much bigger things in play and it is going to take a few weeks to play out and we will see just how far things go.

The U.S. Economy isn't ’that’ bad, but it is the knock on affect from China which is going to drag everything down into a very deep hole.

As for AAPL, I am looking to buy back in at around 30bucks, possibly lower..

Hope I am wrong, but I don't think I am.
I got out at the open last Friday at 110, and count myself lucky. Wouldn't want to be holding now..
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You're high. AAPL is not going to lose 3/4 of it's value so you can buy at 30. But nice try.
 
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I bought at $107 when the stock market crashed ~2007, only regret I have is not buying more stock at the time. Definitely helps to have a long view
 
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satcomer said:
I getting a worse feeling this might worse and it's not just AAPL! Be prepared for prices to go up wildly and food shortages happen around the world, including North America and Europe!
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You honestly believe that? Food shortages in the U.S.? Good one.
 
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