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Apple Stock Tanks: Biggest Drop in Seven Years
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Apple's fall is the market's fall, nothing else.
The U.S. financial system is a joke, and only now countries around the world are realizing it, given the U.S. gigantic deficit financed through other countries and the fact that trust in the dollar is gonna vaporize in a not so far future...so yep, you may expect a lot more tumbles to come unless Apple almost completely shifts its sales to foreign markets; this is just the beginning.
The entire market is tanking today, that should be considered when viewing this large dive for AAPL.
Exactly...the whole economy is going in the tank. Keep it in perspective people.
No, I mean 4th. The fiscal calendar does not match up with the physical calendar. Apple's first quarter 2009 runs from October 1 2008 to January 31 2008.
Um, I wouldn't go that far. The world market is in crisis, and it's not just because of the Dollar and the US financial collapse. There are bad lending practices everywhere, in the UK they just had to nationalize two major banks, and in Belgium/Netherlands another. Tough times all over.
The DOW is currently down 6%. NASDAQ and S&P are down 8%. AAPL is down over 15%. So AAPL is still having a disproportionately bad day.
Mmmm tomorow looks like a good day for apple to release a brand new sub-notebook, new MB's and MBP's at half the current price. That would be great
Now over 19%. It's at its lowest point in more than 16 months. A snapshot from Yahoo Finance.
http://finance.yahoo.com/q?s=aapl
Note the Day's range, 52wk Range, and Volume.
http://finance.yahoo.com/q?s=aapl
Note the Day's range, 52wk Range, and Volume.
...Hopefully you're not going to base your investment decisions on something you read in a MacRumors forum.
Not true. You are talking here about the CONSEQUENCES of relying on rotten U.S. stocks and assets. All European banks suffering now happen to be in such a situation because of excessive exposure to the U.S. market.
In Brazil, for instance, apart from a couple of companies that had made the wrong bets on derivatives, no bank has suffered any effect yet, simply because their exposure is close to zero to derivatives and the subprime market. The same applies to many emerging and developed markets around the world...see the case for UBS and Credit Suisse in Switzerland, for instance...one is almost bankrupt because of its crazy dependence on U.S. assets, while the other is just fine.
PC OEMs need to sell the latest, greatest parts for the smallest margins possible because they have no other way of differentiating themselves. Apple has other ways of differentiating themselves (with the notable exception of Sony, who can sell their VAIO range at a premium thanks to their industrial design expertise).
You do realise that regardless of the economic downturn, Apple will ship more Macs this year than any other year in their 32 year history? You do also realise that for every $3 spent on Laptops in the US, $1 went to Apple?. This fact is on the MacRumors front page.
So it doesn't matter whether you think “most of the public” won't buy Macs or Apple is “not with the program”, because your opinions are so frightfully out of touch with reality it is alarming.
You do realise that regardless of the economic downturn, Apple will ship more Macs this year than any other year in their 32 year history? You do also realise that for every $3 spent on Laptops in the US, $1 went to Apple?. This fact is on the MacRumors front page.
So it doesn't matter whether you think “most of the public” won't buy Macs or Apple is “not with the program”, because your opinions are so frightfully out of touch with reality it is alarming.
Odd, isn't it?
The company which is doing disproportionally well in the real world is doing disproportionally badly on Wall St.
If Apple's sales this quarter turn out as rosy as originally predicted, how will the market react? Indifference? Continue to slide, just because.. ?
It's not the current quarter that the market is concerned with. It's future quarters and the ability of Apple to move their products. Consumers are going to clamp down on spending. The holiday buying season isn't going to be good!
The market is pricing in expectations. A way for Apple to alleviate this carnage would be to sacrifice margins in order to move product. They way to do this is to cut prices. How likely is this? Who knows.
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Apple has money in the bank and though there is less consumer electronics spending it will be short lived. By Apple stock while it is hot.
Apple has money in the bank and though there is less consumer electronics spending it will be short lived. By Apple stock while it is hot.
Fair points.
Still, isn't it odd that they're basing they're basing this downgrading of the stock on sales in the Q1 '09 of Apple's Q4 '08 lineup??
It seems to me they're needlessly negative, looking at just half the picture. Apple have among the highest margins in the industry and a mountain of cash, meaning (I would assume) they are uniquely capable of dropping prices to adjust to the economic environment. And if they drop prices, they'll be seen as better value than offerings from other PC firms who can't reduce prices much further?
Not to mention the way they dismiss the mini is a bit odd. It's a sub $1,000 Mac, any way you slice it.