You're right, except the market has already priced in the expected Fed policy. So it really is about whether Fed policy will be tighter or looser than the consensus. It's relative.
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Apple's Stock Down 20% Since Early April Amid Broader Market Losses
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You're right, except the market has already priced in the expected Fed policy. So it really is about whether Fed policy will be tighter or looser than the consensus. It's relative.
Hello, 1998? Here in 2022, self-driving cars actually exist.
No, self-driving cars do not exist.
We don't refer to "cruise control" as "self-driving".
The entire market is in a slow motion crash right now; we're not even close to the bottom yet. Apple being down currently has nothing to do with what they are or are not doing as a company. Excuse after excuse (inflation, war, supply chain, etc) elsewhere is being used to mask what is really going on behind the scenes at the moment.
The most valuable company in the world and their P&E is still lower than major competitors like Amazon and Microsoft. Still a great buy!
Apple is being hit by Antitrust laws in several countries and it will impact its revenues in the near-term.
1. For example, If DMA in the EU goes through, Apple will be forced to allow changing default apps. This could mean Chrome and Google search can become the default if people choose so. That means Apple may not get the 12 billion it gets as a revenue from Google for allowing it to be the default.
2. App Store revenue will be hit as alternate App Stores have to be allowed and that could loosen Apple's stranglehold it has over the App Revenue.
3. Rivals are catching up and overtaking Apple in the USA: https://appleinsider.com/articles/2...annual-smartphone-customer-satisfaction-index
So, yes, there are indications that Apple will see a slump in its revenue. However, Apple management must be aware of this and hence may take steps to arrest the decline due to these factors by countering them through some other means that is still not known to us. I mean, they got to the top so it means they know how to take care of these things.
1. For example, If DMA in the EU goes through, Apple will be forced to allow changing default apps. This could mean Chrome and Google search can become the default if people choose so. That means Apple may not get the 12 billion it gets as a revenue from Google for allowing it to be the default.
2. App Store revenue will be hit as alternate App Stores have to be allowed and that could loosen Apple's stranglehold it has over the App Revenue.
3. Rivals are catching up and overtaking Apple in the USA: https://appleinsider.com/articles/2...annual-smartphone-customer-satisfaction-index
So, yes, there are indications that Apple will see a slump in its revenue. However, Apple management must be aware of this and hence may take steps to arrest the decline due to these factors by countering them through some other means that is still not known to us. I mean, they got to the top so it means they know how to take care of these things.
The "dip" was a decade ago before Timmy & the gang raided the profits and cooked up the stock price with major scale buybacks. Ya know "After Steve".
Maybe if Apple actually had a decent dividend with all the money they are making
All tech company stocks are down. Maybe a good time to buy more Apple stock.
Eh, even without dividends, shareholders can always opt to sell their existing shares to cash in on a company doing well via higher share prices.
You can't have it both ways. We have just had several years of record stock market growth, especially in the tech sector, of which Apple has been merely a middling performer at best, and yet during that run, all the fools on this forum were crowing about how wonderful Apple stock has been. But now we have a 20% drop, again, in line with the broader tech market, but no one is saying oh woe, Apple stock is woeful.
Yep, no more Steve, no more Jony, and a serious software quality control problem. Apple Silicon (all Steve) scales nicely from iPhones to Macs, but that doesn't create a car.
1. Tech wears out, so you need a replacement. A lot of new iPhone purchases these days are from people upgrading from iPhone 6, 7, 8 etc. Yep, we no longer need to upgrade every year, but we do every several years.
2. Fashion and prestige are real. Always have been, always will be. The iPhone 12/13 has partly seen record sales due to the new design. Just from a glance, anyone with a 12/13 clearly has a new expensive phone, anyone without, clearly has either an old phone or a cheap SE. Thus an instant judgement on wealth/value/lifestyle are made. Thus why the Pro lines have different fancier colours than the non-Pro, it's all about differentiating for prestige. Same with the Macs, the Pro lines have Space Grey as an option, the non-pro lines don't. Space Grey = Pro = expensive/quality/prestige. Don't underestimate this as a human motivator.
I wonder how buying habits will change. As excited as we get for different products and new "toys", things that are much more necessary are continuing to go up rapidly, like Gas, Food, and pretty much everything. I might be in the market to upgrade my Ipad, but while I was excited to even think about it a couple years ago, now I'm hesitating because I don't really need to. I wonder if that was why Apple moved into services when they did. If people aren't buying phones or hardware, they would probably buy software for less and just keep that durable phone long term.
'Buy the dip'! AAPL is DOWN $45+
When it hit almost $183 I sold 80% of my shares and the other 20% a week later. So glad I did.
When it hit almost $183 I sold 80% of my shares and the other 20% a week later. So glad I did.
On the metric of between 2015 and the end of 2021, the entire tech sector has been on the greatest bull run in history, with most big tech stocks multiplying their stock price by many times over in this time (AMD x40, Amazon x10, Microsoft x7, Netflix x6.5, Apple 5.5x, Google 4.5x, Facebook 3x, Intel 2x). Apple hasn't even been close to the standout performer in this boom, the've been quite average at best. Even Microsoft has outperformed Apple.
During that time, bois have been crowing about how wonderful Tim Cook has been, sending Apple stock to the moon. All of those bois have oblivious to the fact that Apple has actually been middling to underperforming in the sector.
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LOL at 1) Picking arbitrary dates that fit your narrative and 2) Picking stock price rather than actual company performance. Let's compare net income between all the companies you mentioned (max five tickers per chart so splitting it into two):
https://www.macrotrends.net/stocks/...come&axis=single&comp=AAPL:AMD:AMZN:MSFT:NFLX
https://www.macrotrends.net/stocks/stock-comparison?s=net-income&axis=single&comp=AAPL:FB:INTC
1) No idea why I started at 2015, just copy pasted from a previous article I wrote. But good point, I'll take a better look at the wider data at some point.
2) Yeah, stock price. That's what we are talking about right? We aren't talking about the price of cheese.