Apple’s stock price falls to lowest point in six months

#1

Post by Quekster » Sat, Nov 17, 2012, 1:57 PM UTC

Apple’s stock price falls to lowest point in six months
arstechnica.com

Re: Apple’s stock price falls to lowest point in six months

#2

Post by thecosas » Sat, Nov 17, 2012, 2:24 PM UTC

Buy now :o)

Re: Apple’s stock price falls to lowest point in six months

#3

Post by itsmequinn » Sat, Nov 17, 2012, 2:25 PM UTC

Apple's real or fictitious woes aside, if the stock closed up 2.06 to 527.68 on Friday, how is Friday's close the lowest Apple has been in 6 months? Wouldn't that be Thursday's close of 525.62?

Re: Apple’s stock price falls to lowest point in six months

#4

Post by gabhijit » Sat, Nov 17, 2012, 2:31 PM UTC

thecosas wrote: post #2

Buy now :o)

AAPL is where RIMM was 4 yrs ago. Rest all is history!! :)

Re: Apple’s stock price falls to lowest point in six months

#5

Post by [deleted] » Sat, Nov 17, 2012, 2:38 PM UTC

itsmequinn wrote: post #3

Apple's real or fictitious woes aside, if the stock closed up 2.06 to 527.68 on Friday, how is Friday's close the lowest Apple has been in 6 months? Wouldn't that be Thursday's close of 525.62?

[deleted]

Re: Apple’s stock price falls to lowest point in six months

#6

Post by Jabbles » Sat, Nov 17, 2012, 2:41 PM UTC

Eugh. I don't get why anyone wants to read this mindless speculation. What else do your tea leaves tell you?

"many investors were disappointed that Apple wasn’t able to blow through Wall Street’s estimates"

Well, great. Maybe their goat's entrails didn't predict well enough last time, but this time they were wrong the other way. Almost as if it were random - or as if the market had already compensated for their predictions?

There is no new information here. So allow me to share my own totally uninformed opinion about the future of Apple with you.

Apple sells physical devices for a massive profit. No one else has been able to sell phones/tablets for so much. Apple will keep doing that as long as it can, regardless of Google's efforts to undercut. I think Apple will pour more effort (or just marketing effort) into their app store, trying to promote it to developers as the "one you make money in, the one where people will actually spend money on apps". Now I leave it up to you to make quantitative predictions off that.

Re: Apple’s stock price falls to lowest point in six months

#7

Post by Alex3917 » Sat, Nov 17, 2012, 2:43 PM UTC

"Analysts say that Apple has had a string of misfortunes lately, ranging from missed earnings estimates, management shakeups, missteps on mapping software, supply chain problems, and increased pressure from competitors."

I think the bigger issue is that Apple has accumulated a ton of technical debt recently by having a ridiculous number of products in the market. To keep the plates spinning they've been forced to hire a massive number of new employees, which in the long term at best limits their growth potential and at worst is setting them up for a Microsoft-style lost decade.

Re: Apple’s stock price falls to lowest point in six months

#8

Post by ricardobeat » Sat, Nov 17, 2012, 2:46 PM UTC

gabhijit wrote: post #4

thecosas wrote: post #2

Buy now :o)

AAPL is where RIMM was 4 yrs ago. Rest all is history!! :)

Yes, the similarities are too great to ignore #not

Re: Apple’s stock price falls to lowest point in six months

#9

Post by arrrg » Sat, Nov 17, 2012, 2:50 PM UTC

gabhijit wrote: post #4

thecosas wrote: post #2

Buy now :o)

AAPL is where RIMM was 4 yrs ago. Rest all is history!! :)

I do not see them failing like RIM. They might well fail like Sony (i.e remain largish but slowly fade into irrelevance). I can totally see that happening.

Re: Apple’s stock price falls to lowest point in six months

#10

Post by mertd » Sat, Nov 17, 2012, 2:58 PM UTC

itsmequinn wrote: post #3

Apple's real or fictitious woes aside, if the stock closed up 2.06 to 527.68 on Friday, how is Friday's close the lowest Apple has been in 6 months? Wouldn't that be Thursday's close of 525.62?

The original article does not mention closing price, and it was written on Friday. Either they mean the sharp drop during the day on Friday or the closing price on Thursday.