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Apple's Stock Price Experiencing Major Fluctuations Amid COVID-19 Coronavirus Outbreak

It is important to understand that the most important effects of this virus are actually economic. It is not as deadly as the flu, yet the flu has not affected the market nearly as much

The main problem of the virus, seriously, is that it affects work as we try to contain the virus by closing factories

And not to trivialize the deaths, but while wealthy apple investors can complain about losing equity there are lots of factory workers in China (and elsewhere) losing income, which will have a significant impact on their lives, perhaps moreso than the virus itself

So ... the economic impact IS important

Like I heard once ... ALL news is economic news
 
matthew12 said:
This is happening to every stock. Honestly, I'd rather we care more about the people that are sick and dying than the stock market that'll probably be back to normal in a few weeks-months.
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The effects of the stock market affect far more people in our society. The economy is more impactful.

I wish we lived in a simple world where we could just worry about the sickness. We don't live in that world.
 
I7guy said:
The entire darn market is tanking.
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Satire? In other areas of investments, I think it’s doing really well, at least from my standpoint financially.

Side note:


And no, I don’t pay attention to ‘Mad Money’ with Jim Cramer.
 
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iFan said:
Professional traders are having the best week of their lives! (buy and hold for 10+ year investors having some indigestion)
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Interesting. So according to you people who are gambling on the huge stock drops this week are doing well but people who bought an Apple share for $27 in February, 2010, saw a stock split of 7-1 in 2014, and can today sell their shares at more than $250 (total value $1750 minimum) are having indigestion. That is a very interesting perspective. Well, I for one wish I had more indigestion.
 
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lixuelai said:
People that keep saying that China is fudging the numbers to look good need a reality check. It is either 1) total lockdown is having an effect in getting the virus under control or 2) the numbers are cooked and it’s spreading like wildfire. Now, think for a bit, what’s the point in arguing over this if 2 means we are screwed anyway...
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It almost certainly is spreading like wildfire, and not just in China. I don't think there's active fudging of the numbers but the vast majority of cases haven't been counted and governments genuinely don't know what the real picture is.

Iceland just got a case from a visitor to Italy, and several other countries have gotten their first case from Italy recently. There are currently 888 reported cases in Italy, which has a population over 60 million. If there's under 1000 cases among 60 million people how are so many visitors to Italy bringing it back?

And I don't mean to single out Italy, the same seems to be true everywhere that always has wild spreading.
 
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I just started investing some of my savings back in December and this chaos has already wiped 6,000 in earnings.
 
kanki1985 said:
Its surprising that Cook said infections are coming down when WHO raised the risk level to Very High today.. Wonder who is correct here...
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I do believe Tim Cook is performing his duties, his first duty is to share holders and Apples value, his second duty is to his staff and their health and safety. I’m afraid it is quite literally money before life. that seems to be the world we have created.
I expect the virus to spread far in the US as it’s only recently landed in that continent, Trump is a fool to dismiss the threat.
If the stock market crash continues and the virus spread, it’ll be the perfect pandemic and a direct result of the world that’s been built.
 
Peza19 said:
I do believe Tim Cook is performing his duties, his first duty is to share holders and Apples value, his second duty is to his staff and their health and safety....
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Saying this differently. Cooks’ first duty is to shareholders and board, but his first responsibility is to protect Apple assets including apples valuable staff. When looked at this way it’s money because of life....
 
DevNull0 said:
It almost certainly is spreading like wildfire, and not just in China. I don't think there's active fudging of the numbers but the vast majority of cases haven't been counted and governments genuinely don't know what the real picture is.

Iceland just got a case from a visitor to Italy, and several other countries have gotten their first case from Italy recently. There are currently 888 reported cases in Italy, which has a population over 60 million. If there's under 1000 cases among 60 million people how are so many visitors to Italy bringing it back?

And I don't mean to single out Italy, the same seems to be true everywhere that always has wild spreading.
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I do believe these are reported confirmed case, the fact is no one actually know how many people are infected. A lot of countries are looking into mass testing to see how far it actually has spread. A person has at least 15 days to spread it around, and some people who were quarantined for 2 weeks and released were tested positive a few days later, thus showing the incubation period is more then 14 days for some.
 
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MacRumors said:



Apple's stock has been on a rollercoaster ride today since opening at $257.26, with shares rising as high as $278.41 within a span of a few hours before quickly plummeting as low as the $260s. At times, the price has swung by as much as $10 in both directions in a matter of minutes in what has been a volatile trading session.

Apple's stock is still down significantly from its all-time high closing price of $327.20 on February 16, just over two weeks ago.

green-aapl-logo.jpg

Apple's performance is in line with a broader selloff of Dow Jones stocks that analysts believe stems from concerns over the COVID-19 coronavirus outbreak. The virus has infected at least 80,000 people worldwide, resulting in at least 2,800 deaths, according to the latest data compiled by Johns Hopkins University.

The coronavirus outbreak prompted many of Apple's suppliers to suspend production at their factories in China last month, while Apple also temporarily closed its retail stores across the country out of an abundance of caution, leading the company to issue a rare revenue warning for the March quarter early last week.

While many of those factories and stores have since reopened, with measures in place such as limited production and reduced hours, there remains a lot of uncertainty over the COVID-19 situation and that appears to be impacting major stocks, ranging from Apple to Coca-Cola to Disney.

Apple CEO Tim Cook on Thursday said he feels that "China is getting the coronavirus under control," adding that the number of reported infections in the region is "coming down day by day by day."

Article Link: Apple's Stock Price Experiencing Major Fluctuations Amid COVID-19 Coronavirus Outbreak
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Financial market IS NOT EQUAL TO real economy
Who cares about Apple stocks, all it takes is one day not being a sexy brand. This bubble is heading for a burst.
 
69Mustang said:
It's entirely possible to do both. In fact, I'd wager that most people are doing just that: caring about the human element and the ancillary business ramifications. This topic just happens to be about one of the business ramifications. Discussing it doesn't lessen the importance of the human element.

In a discussion with my mother-in-law, saying how much I love my wife does not mean I don't love my girlfriend, her sister, or their older cousin Margaret. Oh, and my dog Max. I love them all equally (ngl, prolly love Max more - just in a different way). Point is, I can discuss one thing and feel some kinda way about another thing without talking about it.
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The only truly sickening part is how many a doing frequent transaction to make as much money as possible. And I love the second part. I hate when people ask others who they love most. You just love them all differently. Don't love your partner the same as relatives or friends or pets or things.
 
Xtir said:
Financial market IS NOT EQUAL TO real economy
Who cares about Apple stocks, all it takes is one day not being a sexy brand. This bubble is heading for a burst.
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Yeah, it’s not like lots of people have most of their retirement funds, college saving funds, and investments in the stock market, so that when it crashes they feel poorer and will spend less, meaning businesses will sell less, meaning people will work fewer hours and earn less, meaning they will have less money to spend.

Oh, wait.
 
mcfrazieriv said:
Time to diversify the supply chain, Timmy!
Even though "only Chinese hands are capable of building Apple products."
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Yea the hands thing is what I usually think of, but I'm sure women here or some men could do it too. Problem is the $$$. Wages would be way higher here which would drive product cost up to keep same profit margin. And smartphone prices are already out of control since installment plans started. Don't need to rush the price to $2-3k faster than it is already.
 
newyorksole said:
Every day there’s another article about this virus. I hope it gets halted soon.
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It's going to get a lot worse before it gets better. You can be sure China isn't accurately reporting the real numbers of infected and fatalities in an effort to save face of their communist regime from their populace.
 
JM1 said:
It is important to understand that the most important effects of this virus are actually economic. It is not as deadly as the flu, yet the flu has not affected the market nearly as much
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coronavirus is roughly 23 times more deadly than the flu. This year’s flu death rate is tracking at 0.1% while coronavirus is tracking at 2.3%. If this hits as many people as the flu, there could be millions dead.

Also, there are flu shots available to mitigate the effects of the flu. This is not the case with coronavirus.
 
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cmaier said:
Yeah, it’s not like lots of people have most of their retirement funds, college saving funds, and investments in the stock market, so that when it crashes they feel poorer and will spend less, meaning businesses will sell less, meaning people will work fewer hours and earn less, meaning they will have less money to spend.

Oh, wait.
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Your point being? If marketing determines the price of a product, a bubble is created, which will eventually burst when the truth comes out.
 
JM1 said:
It is important to understand that the most important effects of this virus are actually economic. It is not as deadly as the flu, yet the flu has not affected the market nearly as much

The main problem of the virus, seriously, is that it affects work as we try to contain the virus by closing factories

And not to trivialize the deaths, but while wealthy apple investors can complain about losing equity there are lots of factory workers in China (and elsewhere) losing income, which will have a significant impact on their lives, perhaps moreso than the virus itself

So ... the economic impact IS important

Like I heard once ... ALL news is economic news
Click to expand...

BS, all of it..
 
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