Apple stock sinks 5% / AAPL Downgraded After iPhone Release [MERGED]

Discussion in 'Apple, Inc and Tech Industry' started by cymolia, Sep 11, 2013.

  1. cymolia macrumors 6502a

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    Orange County, FL
  2. bjcskier macrumors member

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    Jul 9, 2012
    #2
    The event yesterday was underwhelming.

    - Everyone already knew what they were announcing. And $99 wasn't priced low enough for most people for the 5C.

    - No improvement to battery life, no surprise features, no NFC, etc.

    - There's no "MUST HAVE" feature.

    And I'm the biggest Apple fan on the planet. I wasn't wowed. The stock will rise if these new devices sell...
     
  3. applesith macrumors 68020

    applesith

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    Manhattan
    #3
    It will go back up as sales numbers come out and lines form at stores on launch.
     
  4. tony3dd macrumors member

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    Aug 14, 2013
  5. rhett7660 macrumors G4

    rhett7660

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    Sunny, Southern California
    #5
    Isn't it always/usually down after an announcement?
     
  6. simsaladimbamba

    Joined:
    Nov 28, 2010
    Location:
    located
    #6
    That is normal after almost every keynote.

    Use the [​IMG] button to ask a moderator to move this thread to "Apple, Industry and Internet Discussion", where it is more appropriate to have this discussion than the Mac Pro sub forum.

    Ah. it has already been merged.

    As to the stock, why does MacRumors not have a nice little stock ticker like AI has?
     
  7. flowrider macrumors 601

    flowrider

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    Nov 23, 2012
    #7
    The market just didn't like what it saw with the iPhone 5C or 5S!

    Lou
     
  8. BJonson macrumors 6502a

    BJonson

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    Aug 26, 2010
    #8
    LMFAO! Down $29 a share. Keep dropping. That's what apple gets for thinking the world is stupid.
     
  9. SeattleMoose macrumors 65816

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    Der Wald
    #9
    Don't try to equate stock performance with any sort of logic. There is none.

    Apple rolls out a solid product and/or posts solid sales numbers, and their stock tanks.

    Google rolls out a prototype of some hair brain idea and their stock goes to the moon.

    The stock market is like the fashion industry...slave to the whims of a bunch of self-proclaimed "experts" who are never held accountable for almost always being wrong.

    Wallstreet is convinced that "someday" Apple will die because SJ is gone. So no matter what they do...it is only seen as a corpse twitching.

    In the meantime millions of people will continue to enjoy their great products.
     
  10. BJonson macrumors 6502a

    BJonson

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    Aug 26, 2010
    #10
    Yeah you are right, it has nothing to do with apple crapping all over its users by releasing last years phone in a crappier housing. Wall street will be wall street. :rolleyes:
     
  11. decafjava macrumors 68000

    decafjava

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    #11
    How so? People with older iPhones who want to upgrade will still get the 5s, and it's not as if other companies have overwhelmed either-like the Galaxy SIV as such a huge upgrade over the SIII. :rolleyes:

    Google is currently down as well, much less but still.
     
  12. rhett7660 macrumors G4

    rhett7660

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    #12
    You are right, the stock didn't fall when the released a phone that was ahead of it's time. You are correct it didn't drop when Apple released the second phone and beat the street's numbers for units sold and made a nice profit.

    Yeah you are completely correct in saying Wall street will be wall street.

    Oh almost forgot, it must be wall street being wall street when an investor or two can make a claim they are buying a lot of the stock and the price shoots up "X" points. Yeah ok. :rolleyes:

    Bitter?
     
  13. GroundLoop, Sep 11, 2013
    Last edited: Sep 11, 2013

    GroundLoop macrumors 68000

    GroundLoop

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    Mar 21, 2003
    #13
    It has everything to do with Apple not caring about the emerging markets (which is where the real growth opportunity in smartphones is). Trying to sell an iPhone 5C in China for over $700 ($550 +plus local taxes) is just mind-boggling. They will still sell some to the wealthy, but $700+ is, on average, several weeks worth of salary in mainland China.

    GL
     
  14. mrkramer macrumors 603

    mrkramer

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    #14
    Yep, the only time that I can think of where it didn't is when the first iPhone was released. People tend to get completely unrealistic expectations, the stock price goes up based on those, and when Apple can't deliver it goes down a little bit.
     
  15. decafjava macrumors 68000

    decafjava

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    Geneva
    #15
    Umm yea, again you are off the mark. Have you forgotten all the bitching about scratched aluminium or bent phones?

    Wallstreet is not economic reality.
     
  16. pimentoLoaf macrumors 68000

    pimentoLoaf

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    #16
    If Apple innovates a tablet that's iPad-sized when you are working with apps, shrinks magically to a iPhone-sized object when making calls, and then shrinks down to a easily swallow-able pill form when traversing US borders, the analysts would still find cause to get upset (probably over having to wait 48-hours or so for the pill to pass). :p
     
  17. krause734 macrumors 6502

    krause734

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    #17
  18. the8thark macrumors 68040

    the8thark

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    #18
    APPL always drops after a keynote. Nothing new here.
     
  19. njn007 macrumors regular

    njn007

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    Southeastern PA, USA
    #19
    Earnings calls are far more important for Apple's stock.
     
  20. kmichalec macrumors 6502a

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    Aug 14, 2010
    #20
    This isn't just a stock drop, it's a downgrade by 4 major rating agencies. There's big difference.
     
  21. BJonson macrumors 6502a

    BJonson

    Joined:
    Aug 26, 2010
    #21
    Keep dreaming. Apple lost $40billion today. Not good.



    From CNN Money:

    Shares of Apple (AAPL, Fortune 500) tumbled nearly 6% Wednesday. That drop, combined Tuesday's 2% slide in the stock, has erased almost $40 billion in Apple's market value.

    While Apple shares typically end up lower a month after the release of a new iPhone, a sharp and immediate decline is rare. Following previous debuts, Apple's stock has initially gained ground before moving lower amid fading enthusiasm.
     
  22. gmhag macrumors regular

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    Jun 10, 2011
    #22
    yep, seen it every year.

    Means nothing
     
  23. the8thark macrumors 68040

    the8thark

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    Apr 18, 2011
    #23
    In the next few days week it'll rise again. Nothing to worry about. And to a serious investor shares are long term, one day blips don't matter.
     
  24. MN7119 macrumors regular

    Joined:
    Mar 7, 2011
    #24
    AAPL is down 6%. It says it all about Tim Cook and his "innovation". Wall St. is tired about the same. Investors waited 1 year to see a second flash and a fingerprint reader in the iPhone 5S. "S" means the same!!!!! The most innovative thing Apple launched yesterday was the iPhone5C cases that shows "hon" on the back. That tells a lot about the direction the company is moving.
     
  25. the8thark macrumors 68040

    the8thark

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    Apr 18, 2011
    #25
    I think $140+ billion in the bank speaks more then what some ill informed agencies think. When Apple makes a year on year loss then you can be worried. But that has not happened for a long time.
     

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