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Apple Stock Tanks: Biggest Drop in Seven Years

A "Step up" is coming

with all of the obvious problems staring us in the face...they have three branches..iphone...ipod itunes..and mac...they have beat the ipod and iphone branches into the ground with making them thinner, and better in daily life...and apple throwing the gauntlet at the portable gaming industry was a pretty big deal...but i have to admit i was expecting "one more thing" that said with all the rumors going around about what they are gonna do with notebooks, if half are true especially one rumor in particular...than the apple stock has nothing to worry about...they are arrogant but they have right to be and im stickin with em as will most people...this stock means nothing

EDIT* except to buy apple stock lol
 
I have to agree with lukin. Right now you are paying top of the line price for a new Macbook Pro that has an outdated processor. It just doesn't make sense.
 
allmIne said:
Interesting post; is it possible, though, given Apple's customer demographic and product pricing, that it'll suffer less because many of its customers are fairly affluent?

As an analogy, you'll find the Bentley and Princess dealerships have barely registered a credit crisis, because their target market are affluent enough that it won't affect them. Obviously, that's an extreme, but you get the idea - a percentage of Apple' customers won't be affected, or will be affected much less than other companies putting out lower priced alternatives. Of course, the higher price - and lower number of units sold - could offset any potential benefit.

Just a thought?
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Very true, the biggest question will be how many of Apple's customers were people buying up into their products and needing to stretch a bit to do so. When people are confident in their job stability etc etc, they are more likely to spend that extra cash to obtain that "good" that they aspire to own. In bad times that buy what they can afford at most.

Although I could see the iPod line taking a hit it is the computer lines that concern me the most due to the price points. Hard to fault the iPods, that being said the iPod lines take a beating then Apple's stock price could be in more serious trouble. That being said, the iPod will probably keep the current market share or close to it, just the market as a whole will shrink.
 
I think AAPL will drop down to below $100 (possibly as far as $85) in the next 6 months because it is viewed as a "luxury" supplier in a depressed marketplace. Once the world economy starts to settle it will pick up again and will be around $180 by Summer 2010


Disclaimer
Of course, I could be totally wrong and anyone taking any notice of me and losing loads of money is SOL :D
 
neoseeker191 said:
I have to agree with lukin. Right now you are paying top of the line price for a new Macbook Pro that has an outdated processor. It just doesn't make sense.
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everybody sees this, its completely undeniable...people on these forums have tried to...and they sound ridiculous...come on October update :apple:
 
This Morgan Stanley analyst doesn't have a very good track record with her predictions about Apple. Yet the market treats her numbers like they're handed down from God. Insanity.

The other analyst offered a much higher target price in their downgrade ($140 vs. $115). But I think both of these analysts are biased because of the carnage all around them in their industry, and are overreacting.
 
GOOG is down and so is MSFT

GOOG went down $50.00 today and MSFT a little over $2.00. So what if Apple is temporarily down. The entire market sucks.
 
1) No Debt
2) $23 billion Cash
3) Steve Jobs

Does it really matter..if the stock is at $102 or $109 or $119.
Its relatively inexpensive and people hate it.

Make your own conclusions.
 
No risk no fun

Best time to buy Apple call options if you ask me.

If this crazy crash continues to bring down a whole lot of companiesn, then Apple is in an awful good position.

Now just think about the cash reserve they have and then think about some real BIG PLAYERS in the software market.

Think crazy, think different.

Autodesk currently has a market cap of 7.24 B $.

A much more interesting investment than Adobe with 19.2 B $.

Just imagine Apple would announce they'd buy Autodesk and convert the whole CAD-standard software to run OS X only.

That's what I'd think would be a freakin hot business decision.

*now hops to his portfolio to pick up those 140$ calls for cheap*
 
hirshnoc said:
GOOG went down $50.00 today and MSFT a little over $2.00. So what if Apple is temporarily down. The entire market sucks.
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Yeah, except Google went down 11%, Microsoft went down 9% and Apple went down a whopping 18% - and while the first two closed at their lows, Apple was even lower earlier in the day (over 20% down)...

z
 
Phil A. said:
I think AAPL will drop down to below $100 (possibly as far as $85) in the next 6 months because it is viewed as a "luxury" supplier in a depressed marketplace. Once the world economy starts to settle it will pick up again and will be around $180 by Summer 2010
Click to expand...

The market has not yet bottomed. My analysis shows that we may see a market bottom in the week of October 6 (so any day between the 6th and 10th).

If people think the market was bad today, just wait ... in my humble opinion of course! I agree with Phil A, Apple will dip below $100. The market is pricing in expectations. Apple's pricing structure doesn't favor the current and upcoming economic conditions.

Consumers are going to face a direct hit as a result of this credit crisis. Borrowing will be difficult moving forward (expect banks to clamp down on borrowing) and as we know, most consumers in the U.S heading into the end of the year use their credit cards.

Ultimately is boils down to mindset. When people feel good about the economy and their finances they tend to spend more. It's a by product of the wealth effect. Housing prices are down, the market is down, so people's mindsets are directly impacted. This will have a direct effect on spending.

So who will get hit heading into the end of the year? Apple and other luxury manufacturers. Don't expect a great holiday season for the retail industry.
 
amac4me said:
The market has not yet bottomed. My analysis shows that we may see a market bottom in the week of October 6 (so any day between the 6th and 10th).
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Just out of curiosity, what makes you think we'll see a bottom so soon?

I don't see any reason to think things will be any different a week or month from now than their are today.
 
swagi said:
Just imagine Apple would announce they'd buy Autodesk and convert the whole CAD-standard software to run OS X only.

That's what I'd think would be a freakin hot business decision.

*now hops to his portfolio to pick up those 140$ calls for cheap*
Click to expand...

Riiight, that is a quick way to buy a valuable commodity and screw it in no time at all, the last thing Apple needs is to do something like and alienate all the existing customers who run Windows. May as well tell them the next upgrade will cost $3000 per seat.
 
@allmIne
i guess we all know what u mean but ur comparison was really bad...
bentley has customers who owns millions of dollars...
apple customers are mainly academics/students with a pretty good salary...
so a eco crisis affects apple customer ship way more than bentleys....
if all notebook companies lower the prices and netbooks are gonna be the top seller for years than apple has to follow in their own way... but still they have to follow.
 
aufmobi said:
this is pretty rough, it's hard to look at my investment as a long term option now when the stock has fluctuated +/1 $100 this year alone.

Who else is banging their heads into the wall right now for not selling back at $200?
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I feel ya man i bought at $130 held on to it for a year,it tanks and now its worth less.:(:
 
Scary Day on Wallstreet

It seems that it wasn't only Apple, it was also over 3.000 stocks that went down.

Here is a link from Associated Press via Yahoo! News for reference...

"Stocks tumble as bailout plan fails in House".
By TIM PARADIS, AP Business Writer

http://news.yahoo.com/s/ap/wall_street

Who know what will happen next.:(

Just adding my thoughts...:cool:


Unspeaked said:
Thought I'd post this since no one else seems to have: Apple shares have tanked - their biggest single day drop in seven years - due to some downgrades and an anticipated decrease in consumer spending:

LINK
Click to expand...
 
Hopefully Congress can bail out the underprivileged billionaires of Wall Street so we can all have slightly more valuable stock soon...
 
hogfaninga said:
It is just easier for the rest of the world to blame the U.S. for everything that goes wrong instead of looking in their own backyard.
Click to expand...

And here we go with another round of "patriotic" posters...guys, being a patriot means also admitting you screwed up...in fact, screwed up BADLY. I know, it's not easy when you're used to having pride as your main value. But again, the world is not YOUR backyard playground anymore.

Are you the same guys that think of voting for Republicans again? I hope not.

And yep, the "poor" and peace-loving backyards in Europe and most emerging markets look fine, thanks very much.
 
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