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Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400

osaga said:
They did it to themselves. For the longest time i blamed investors for not understanding apple. But now i see that Apple has been dismissive of market trends regarding screen size. It is insulting to loyal customers, and they're paying for it with lost revenue. Such a simple and obvious thing to miss, it makes you think apple is headed by morons.
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Apple hasn't announced a single revenue drop, year over year, in a very long time... what revenue losses are you talking about? I do think the option of a larger screen size would boost revenue, but that is potential revenue. You can't lose revenue you don't yet have.

Eventually Motorola will dominate smartphones, 2014 is their year. In the short terms it's Samsung, medium term HTC. Apple needs to switch into crisis mode badly and give us something great.
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Haha.

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kas23 said:
Wait, what did I say?

https://forums.macrumors.com/posts/16981496/

Written back in March and was ridiculed. Anyone else want me to peer into my crystal ball again?
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So you're buying then?
 
NIKKG said:
The biggest enemy of Apple is not Google but itself. Most of its profits come from iPhone but they refuse to give people different sizing options and so people like me have pre-ordered the Galaxy S4 because it has a 5" screen compared to my puny iPhones 5's 4" screen.

Why can't Apple just do a 4",4.5", and 5" screens? Give people options, small screen phones are so 2007. Also, redesign iOS, its so boring now.
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Yeah, Tim Cook should totally do whatever you say. :rolleyes:
 
jamesnajera said:
Not sure if Ive is ready for it, but I do think he needs to start being more "front facing". It would be nice if he started participating in keynotes. Maybe start him off doing segments, until it gets to the point where he is opening and closing the keynotes. I understand peoples fear to speak in front of live audiences, but it is something you get use to the more you do.
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The jury is still out on Cook's competence as a CEO, but he's a terrible keynote presenter. Apple needs a new "face guy." Ive would be great, I think.

JayCee842 said:
Finally, someone with some knowledge on here, who understands the importance of long-term and isn't panicking for these common short term problems.
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I bought AAPL in 2001. It's been a never-ending ulcer since then, but it's an investment I do not regret (obviously). One must keep optimistic viewpoint with AAPL despite the extreme anxiety of market swings. $700 will come back.
 
QCassidy352 said:
They have 130b or whatever in cash, and the stock IS undervalued. That's just good business. I'm not sure what my stock portfolio has to do with it.
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Try 145B, maybe more. The $137B was the cash on hand on December 31. We are nearly 5 months since then. The lack of product introductions also means lack of manufacturing ramp up costs. This last quarter has been pure profit for Apple. Now sales might be down, but margins will probably be up. In any case, Apple has many billions more than $130B.
 
santiagoamr said:
Apple's net value or enterprise value is a little over 385 billion not above, with inflated value on stock market, meaning market capitalization, it is today undervalued since it has a 1.04 over enterprise value and in market trading that is very low for a company like Apple.
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You may have got these numbers from Yahoo, and they are confusing and wrong. I don't know what these yahoos are up to, but they are wrong.

"Market caps" is share price times number of shares. The amount you'd have to pay if you wanted to buy all Apple shares at today's price. About $400 bn. But since Apple has about $130bn in the bank, you'd need only $270bn to buy all the shares (the existing shareholders would get $270bn from you and $130bn from Apple's bank account). Those $270bn are the enterprise value; the amount you pay for Apple's business and it's ability to make profits.

I have no idea where Yahoo's number of $385bn enterprise value comes from. It's nonsense. But your analysis is nonsense as well: If any company has cash or other assets, then market caps is more than enterprise value. If they have debt, then market caps is less than enterprise value.
 
Krazy Bill said:
You all can kiss innovative OSX development good bye. When a company's stock plummets like this they always pump their resources into their big revenue generators... iOS :(

Get your macs while they still make 'em. :)
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Perhaps you are right, but then again, if you planned to buyback a truckload of shares, how would you plan to do so? Would you pay a premium price for those stocks, or might you not announce any new products for a while, let the market's confidence tumble, bringing the stock down. Then you can buyback those shares are a low price and now make your announcements for new amazing products, restoring the confidence and restoring the stock, though this time you own a lot more of it.

This is all speculation of course. I sure hope Apple has a nice product roadmap for the future. But I guess we'll find out soon enough.
 
gatearray said:
I think their policy is the same as its always been with one exception. There is no longer a relatively steady stream of quips from Steve.

Regardless of your opinion of how well it went over, he consistently projected power and a sharp wit when chiming in on a current hot-button issue, or when his responses to customer emails were published.

How many times since his passing would he have made a snappy remark to subtly put the competition in their place? These are all missed opportunities, that kind of stuff resonated with the public and it made a difference.
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The policy of Steve being the one and only spokesperson for Apple doesn't work anymore now that he's gone. They may need to become a bit like other companies now that his force of personality is no longer here. So if Businessweek or Engadget is hosting a design conference in San Francisco let Jony Ive speak at it. Or if its a different event (like the allthingsd mobile conference this week) let one of the SVPs give an interview there. So far all we've had this year was Tim Cook at Goldman Sachs (stock dropped that day) and comments from Phil Schiller right before the S4 launch (some that turned out to be false - like the S4 shipping with a year old OS). That isn't going to cut it.
 
paradox00 said:
Apple hasn't announced a single revenue drop, year over year, in a very long time... what revenue losses are you talking about? I do think the option of a larger screen size would boost revenue, but that is potential revenue. You can't lose revenue you don't yet have.
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Forget revenue. The stock price is correlated to profit growth. And profits are flat to down. Margins are going down. Not a good sign long term.
 
oh yeahhhh another pay day for a shortie like myself $$$$$ still short from the time i bought my iphone 5.....i hate it!
 
ftaok said:
the thing that doesn't make sense is that Cirrus Logic said that there decline was due to a large customer reducing orders for an old part and switching to a new part. All of the news outlets picked up on the first part of the statement

Now I don't know if the news outlets/analysts have information that shows that there was a decline in the total number of parts orders (eg 1 million old parts vs 500,000 new parts). Perhaps, perhaps not. Well see next Tuesday as apple sets to deliver there numbers for q2 and estimates for q3.
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I'm guessing Apple switched to a new supplier or there were issues with stock from Cirrus (something caused Apple to not take those parts from Cirrus). Cirrus is bitter and wants to drag Apple.
 
Apple Corps said:
Not at all - my contention is that Tim Cook can not EXECUTE a roadmap.
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So there are all these new, innovative and exciting products on the roadmap that Steve left but neither Cook nor any of the other SVPs know how to bring them to market? And yet this is the same executive team Steve built (minus Forstall) and Cook is the one he recommended to be CEO? :eek:
 
ryuok said:
I said from day one that Tim Cook is no replacement for Steve Jobs. Apart from kissing China's backside, I haven't seen him doing anything.
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Exactly. Still the same products. And still the same products that aren't listening to what the customer wants. (bigger screens, more customizations, etc.)

I swear if iOS 7 doesn't have multiple user accounts for the iPad, I'm calling it quits with Apple.
 
I think that Apple is reaching market saturation. Releasing a 'new' product every year is going to be taxing on their customers. Especially when the 'new' bits of the revised products aren't really 'earth shaking' or radical.

I know people who still use their iPhone 3's, and people that still have iPad 1's and 2's and have no desire to upgrade, and I know people that have kept up with the revisions and can't anymore due to the cost. True that Apple devices tend to keep a large part of their resale value, but that's beside the point.

Apple is playing a dangerous game, long term, and I think it will eventually effect everyone in the marketplace. I do see more innovation on the part of Apple's competition, although a lot of that 'innovation' is in rather pointless features like 'forward facing amplified speakers' which will sound like crap and piss off everyone around them...

I remember working in a stereo store for one of my first jobs, and from one year to another, aside from some minor upgrades, most of the 'changes' were literally moving a knob, or changing the colour, or font. It got to be a joke because there were people that would come in, after buying the 'latest and greatest' the year before, and plunk their money down for the 'new latest and greatest' that just came in a white model, or silver, or chrome... That is why I still have my Nikko amplifier and Yamaha speakers, and why I'll still have my iPad 4, iPhone 5, and iPad mini 1 for the next few years...
 
The latest drop is expected given dearth of PR/marketing activities from Apple. I expect and hope for the reversal of momentum when Apple starts announcing new products (e.g., iOS 7, OS X 10.9, iPhone 5S, iPad 5, iPad mini 2, Haswell based Macs, iTunes Radio, iTV).
 
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