Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
The top three crypto currencies also peaked and got dumped heavy today. Anatomy of a pump and dump scam. Politicians won't raise an eyebrow to protect investors because 'individual responsibility' and all that.

How many fools went out and bought 100 overpriced AMD cards hoping to strike it rich with video game money?
 
As someone who bought in when it was $91 I'm just fine with a little back and forth at this point. Some analysts have the target as low as 120, and others as high as 202. The moral of the story is: the fundamentals are strong, the P/E is in a good place, and the company is solvent.

I'm not annoyed that Apple is down. I'm just pissed because Apple is down more than all the other tech stocks. It shows how much weakness there is in Apple despite really good fundamentals. I honestly can't understand why Microsoft is less volatile than Apple. What does Microsoft have a positive that Apple doesn't? I just hate being blind if Microsoft is truly a better stock to own than Apple.
 
  • Like
Reactions: SuperCachetes
Apple is far from doomed since they continue to get 30% profit on the core products, and 99% profit on accessories. PROOF: Apple sent my wife the incorrect sized watch band, which cost $150. I contacted Apple and they said they'll send the correct one and just throw out the wrong one since it's not profitable to pay the $3 USPO postage to send it back for redistribution. I was surprised the employee let me know that. That lets me know that is cost less than $3 to manufacture, package, and send to customers. Capitalism weaponized.

It's to just returning it to stock. It's a wearable part. They need to make sure the returned part is free of any contamination, diseases, etc., before redistributions. This would make it expensive and not worth the trouble and expense.
 
This seems to be a trend with Apple before a phone release. they are specifically dumbing down the price and when it gets to about 10% less, they buy, the new phones comes out and stock soars and they make a mint.
 
Face it. Apple is returning to the single digit market share company it always was. Sure, they'll have a "High End" cell phone business that will keep them alive but that's basically it.

The Mac line is in serious trouble and everyone knows they "trash canned" the Pro line. What did they have to offer the high end Mac Pro customers who update on a three year lease cycle? The same trash can they upgraded to three years ago! Really? Why do you think they had their "oops, we need to redesign the Mac Pro" press conference EXACTLY three years + a few months after the Mac Pro 6,1 introduction? The Mac Pro was the "pillar" of their "high end" desktop marketing spin message. But Jony Ive is busy testing several hundred shades of 18k "Rose Gold" iPhone chassis for the emerging markets in India and China, so the Mac Pro redesign will just have to wait.
 
This seems to be a trend with Apple before a phone release. they are specifically dumbing down the price and when it gets to about 10% less, they buy, the new phones comes out and stock soars and they make a mint.
If you know that, what stops you from making a smaller mint for yourself?
 
Always have to laugh at the Apple bashers in these threads.
Apple's brand is strong. I don't think Galaxy 8 sales are setting the world on fire.
The new iPhone will be a smashing success and folks will be clamoring for it, with demand for outstripping supply.
Sales of other iPhone models will continue to do well.
There's been a refresh of the Mac line. HomePod will be a success too.
People who are expecting a huge Apple decline are living in a fools paradise.
 
As 2 or 3 Tech stocks reached the $1000 a share last week, isn't this a fear of possibly slightly over-valued stock values & possible repeat of Dot-Com Bubble Burst? It's an adjustment. Not the Boogie Man out to "get" Apple.

That's the case anchor Allison on CNN 'Early Start' laid out.
 
I have held APPL since the price was at (split adjusted) $36....so I'm in it for the long haul. Watching the price go up and down once in a while isn't worrisome as long as the general trend is up.

The thing that really irks me are the so-called Wall Street pundits. A month ago they were falling all over themselves seeing who could raise their stock valuation forecast the most based on the iPhone 8 "super cycle" and whatever other nonsense they used to justify a $160 to $200 future share value.

Today, the "iPhone 8" is "already priced into" the stock and they're all dropping the forecasts to $150 to $160. Well, if that's true now, what was going to get the share price $30 to $50 higher just a month ago? The same iPhone 8.

You can't have the same justification work both ways like that. Except on Wall Street I guess.
 



Apple shares are currently trading for around $143 after Monday's opening bell, around 3.5 percent lower than Friday's closing price of $148.98.

wwdc_sj_keynote_tim-cook.jpg

Apple CEO Tim Cook at the company's Worldwide Developers Conference last week

Apple's stock has dropped around 8 percent since reaching an all-time high of $156.10 on May 12, amid a wider downturn in the stock market. Technology stocks have been hit particularly hard, as some investment firms fear that stocks like Facebook, Amazon, Netflix, and Alphabet in particular rose too quickly.

Japanese bank Mizuho downgraded Apple to a "hold" rating today, as analyst Abhey Lamba believes enthusiasm around the company's upcoming product cycle is "fully captured" at current levels, with limited upside to estimates from here on out. The bank lowered its AAPL price target to $150, down from $160.

Andy Hargreaves, equity research analyst at Pacific Crest Securities, also downgraded Apple's stock last week. In a research note distributed to clients, he said excitement surrounding the so-called "iPhone 8" appeared to be "priced in," compounded by risks such as the potential for gross margin pressure.

Wall Street analyst Brian White of Drexel Hamilton believes otherwise, calling the recent dip in Apple's stock price another buying opportunity.

"In our view, Friday's sell-off in Apple represents yet another buying opportunity as investors turn their focus to the iPhone 8 this fall, along with the company's raised capital distribution initiative, depressed valuation, and new innovations," said White, in a research note distributed to clients on Monday.

"We continue to believe Apple remains among the most underappreciated stocks in the world," he added.

White said Apple shouldn't be compared to the likes of Facebook, Amazon, Netflix, and Google, jointly called FANG, as the iPhone maker's stock has significantly underperformed against its rivals over the past five years.

"For example, the average 'FANG' stock is up 674 percent over the past five years compared to a 100 percent increase for Apple and a 84 percent rise for the S&P 500 Index," said White, in a note obtained by MacRumors. "Even Microsoft has outperformed Apple with a 175 percent increase during this time."

White said Apple has "demonstrated resilience" through its "unique ability" to develop hardware, software, and services that work seamlessly together, despite seemingly never-ending concerns that the iPhone maker will fall victim to the missteps of consumer electronic companies of the past.

Article Link: Apple's Stock Down 8% Since Reaching All-Time High Last Month



Apple shares are currently trading for around $143 after Monday's opening bell, around 3.5 percent lower than Friday's closing price of $148.98.

wwdc_sj_keynote_tim-cook.jpg

Apple CEO Tim Cook at the company's Worldwide Developers Conference last week

Apple's stock has dropped around 8 percent since reaching an all-time high of $156.10 on May 12, amid a wider downturn in the stock market. Technology stocks have been hit particularly hard, as some investment firms fear that stocks like Facebook, Amazon, Netflix, and Alphabet in particular rose too quickly.

Japanese bank Mizuho downgraded Apple to a "hold" rating today, as analyst Abhey Lamba believes enthusiasm around the company's upcoming product cycle is "fully captured" at current levels, with limited upside to estimates from here on out. The bank lowered its AAPL price target to $150, down from $160.

Andy Hargreaves, equity research analyst at Pacific Crest Securities, also downgraded Apple's stock last week. In a research note distributed to clients, he said excitement surrounding the so-called "iPhone 8" appeared to be "priced in," compounded by risks such as the potential for gross margin pressure.

Wall Street analyst Brian White of Drexel Hamilton believes otherwise, calling the recent dip in Apple's stock price another buying opportunity.

"In our view, Friday's sell-off in Apple represents yet another buying opportunity as investors turn their focus to the iPhone 8 this fall, along with the company's raised capital distribution initiative, depressed valuation, and new innovations," said White, in a research note distributed to clients on Monday.

"We continue to believe Apple remains among the most underappreciated stocks in the world," he added.

White said Apple shouldn't be compared to the likes of Facebook, Amazon, Netflix, and Google, jointly called FANG, as the iPhone maker's stock has significantly underperformed against its rivals over the past five years.

"For example, the average 'FANG' stock is up 674 percent over the past five years compared to a 100 percent increase for Apple and a 84 percent rise for the S&P 500 Index," said White, in a note obtained by MacRumors. "Even Microsoft has outperformed Apple with a 175 percent increase during this time."

White said Apple has "demonstrated resilience" through its "unique ability" to develop hardware, software, and services that work seamlessly together, despite seemingly never-ending concerns that the iPhone maker will fall victim to the missteps of consumer electronic companies of the past.

Article Link: Apple's Stock Down 8% Since Reaching All-Time High Last Month

Nothing to see here: Short sellers and options traders are spreading rumors to tank the stock ahead of new product releases. Happens in the second quarter of every year.
 
It's to just returning it to stock. It's a wearable part. They need to make sure the returned part is free of any contamination, diseases, etc., before redistributions. This would make it expensive and not worth the trouble and expense.

I let Apple know the package was still sealed, and the invoice showed it was the wrong part. I.e. there was no need to repackage, check for disease, etc. They still suggested throwing this $150 product in the garbage instead of spending $3 to ship it back for resale. Do you believe it is more plausable that this $150 watch band actually cost Apple over $100 to manufacture, package, and ship?
 
  • Like
Reactions: Demo Kit
And it'll rocket to new heights with this Fall's iPhone 8 release. Place your bets now.
************************************
If these Wall Street negative predictors... are all wrong no one will ever remind them of what they wrote about Apple on the 12th of June....the market is NOT rational.......These guy just want the publicity.
 
  • Like
Reactions: Col4bin
it's amazing/scary how an APPL downgrade can move the whole tech sector.

The whole Tech Sector wasn't moved because of an Apple downgrade. Apple moved because of it. Everyone else moved for various other reasons. Don't conflate apple's importance to the broader economy.
 
  • Like
Reactions: esp718
WWDC 2017, with its meager offering of actual products available only in the fall or later, seems to be a stunt in Apple's broader ongoing stock buyback program!

If so, it is working.
 
The whole Tech Sector wasn't moved because of an Apple downgrade. Apple moved because of it. Everyone else moved for various other reasons. Don't conflate apple's importance to the broader economy.

Apple is the largest company in the world. It is around 3% of the entire US Market. It definitely swings index funds when it is up or down.
 
I barely have enough money to feed the kids, keep them clothed and pay the mortgage.....lol
Yes, but if you tightened your belt and invested in such a sure thing, you'd have a lot more money. Then do it again and you'd have even more.

Seriously, if you really have it all figured out, there's no reason you can't be rich.

My investment strategy is pretty simple (buy low and sell high), but it works. I don't live paycheck to paycheck any more (I retired in November at age 51, and I feed the four kids on my investment income.)
 
See what happens when Apple leaves RAM slots on iMacs?

Time to re-solder everything.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.