Apple stock down $12 today. iPhone4 reception issue?

Discussion in 'Apple, Inc and Tech Industry' started by dmelgar, Jun 29, 2010.

  1. dmelgar macrumors 68000

    Joined:
    Apr 29, 2005
    #1
    Overall market tanking today, DOW is down 250 intraday. Apple has been down $12, as low as $255 (down from a high of $279).

    Are the iPhone4 reception issues causing the selling? Is the market waiting for Apple to acknowledge the problem and fix it?

    Is this a buying opportunity?

    If Apple did offer a voluntary recall/replacement, how much could it affect the stock? Lots? Little?
     
  2. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #2
    Yes, and not only apple but the entire dow jones market is down because of the iPhone reception issues :rolleyes:

    The reason apple is down is because the entire market is down. Apple just sold 1.7 million iPhones in only a handful of days. IF anything the stock holders are tickled pink at that.
     
  3. aristobrat macrumors G4

    Joined:
    Oct 14, 2005
    #3
    Apple's traded on the NASDAQ, right? NASDAQ is down 3%, and AAPL is down 4%.

    Doesn't look like anything special is up with their stock, period.
     
  4. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #5
    Everyone is spooked about the iPhone 4 reception issue :p
     
  5. KnightWRX macrumors Pentium

    KnightWRX

    Joined:
    Jan 28, 2009
    Location:
    Quebec, Canada
    #6
    Is this a serious question ? :rolleyes:

    Do you even listen to financial news ? The markets are down for 2 reasons : Analysts changing their reliability scores about China's economic recovery and the consumer confidence index that went down for June.

    AAPL followed the markets. End of story.
     

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