what happened to apple in 2000?

Discussion in 'Buying Tips, Advice and Discussion (archive)' started by Oats, Dec 16, 2003.

  1. Oats macrumors regular

    Jan 8, 2003
    New York
    What in the world happened to Apple's stock price in sept of 2000? I realize this is old news, but I couldn't believe what I was seeing when I looked at the 5 year history of AAPL stock price. What caused such a dramatic and sudden drop? I can't think of anything that Apple has done recently to deserve such treatment! Please fill me in.
  2. jeremy.king macrumors 603


    Jul 23, 2002
    Fuquay Varina, NC
  3. patrick0brien macrumors 68040


    Oct 24, 2002
    The West Loop

    Apple was the first to report the earnings hit by the recession. Being the first, the analysts said:

    "See! Their toast! They're finally dying! Sell!"

    Then the following weeks and months, everybody began hits, if not out-and-out losses. And the analysts responded:

    "Oh, umm. Err. Ok. Uhh. Hmm. Well, maybe Apple is just reporting first."

    Since then, Apple has been reporting profits.

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