Apple stock sinks 5% / AAPL Downgraded After iPhone Release [MERGED]

[cymolia]

There's trouble in apple land. After announcing the new iPhone the stock plummets 5%

http://m.utsandiego.com/news/2013/sep/11/stocks-open-mixed-apple-sinks-after-iphone-news/

 

[bjcskier]

The event yesterday was underwhelming.

- Everyone already knew what they were announcing. And $99 wasn't priced low enough for most people for the 5C.

- No improvement to battery life, no surprise features, no NFC, etc.

- There's no "MUST HAVE" feature.

And I'm the biggest Apple fan on the planet. I wasn't wowed. The stock will rise if these new devices sell...

 

[applesith]

It will go back up as sales numbers come out and lines form at stores on launch.

 

[tony3dd]

Check out apple's stock

Down 24! WTF!

 

[rhett7660]

Down 24! WTF!

Isn't it always/usually down after an announcement?

 

[simsaladimbamba]

That is normal after almost every keynote.

Use the

button to ask a moderator to move this thread to "Apple, Industry and Internet Discussion", where it is more appropriate to have this discussion than the Mac Pro sub forum.

Ah. it has already been merged.

As to the stock, why does MacRumors not have a nice little stock ticker like AI has?

 

[flowrider]

The market just didn't like what it saw with the iPhone 5C or 5S!

Lou

 

[BJonson]

LMFAO! Down $29 a share. Keep dropping. That's what apple gets for thinking the world is stupid.

 

[SeattleMoose]

Don't try to equate stock performance with any sort of logic. There is none.

Apple rolls out a solid product and/or posts solid sales numbers, and their stock tanks.

Google rolls out a prototype of some hair brain idea and their stock goes to the moon.

The stock market is like the fashion industry...slave to the whims of a bunch of self-proclaimed "experts" who are never held accountable for almost always being wrong.

Wallstreet is convinced that "someday" Apple will die because SJ is gone. So no matter what they do...it is only seen as a corpse twitching.

In the meantime millions of people will continue to enjoy their great products.

 

[BJonson]

Don't try to equate stock performance with any sort of logic. There is none.

Apple rolls out a solid product and/or posts solid sales numbers, and their stock tanks.

Google rolls out a prototype of some hair brain idea and their stock goes to the moon.

The stock market is like the fashion industry...slave to the whims of a bunch of self-proclaimed "experts" who are never held accountable for almost always being wrong.

Wallstreet is convinced that "someday" Apple will die because SJ is gone. So no matter what they do...it is only seen as a corpse twitching.

In the meantime millions of people will continue to enjoy their great products.

Yeah you are right, it has nothing to do with apple crapping all over its users by releasing last years phone in a crappier housing. Wall street will be wall street.

 

[decafjava]

LMFAO! Down $29 a share. Keep dropping. That's what apple gets for thinking the world is stupid.

How so? People with older iPhones who want to upgrade will still get the 5s, and it's not as if other companies have overwhelmed either-like the Galaxy SIV as such a huge upgrade over the SIII.

Google is currently down as well, much less but still.

 

[rhett7660]

Yeah you are right, it has nothing to do with apple crapping all over its users by releasing last years phone in a crappier housing. Wall street will be wall street.

You are right, the stock didn't fall when the released a phone that was ahead of it's time. You are correct it didn't drop when Apple released the second phone and beat the street's numbers for units sold and made a nice profit.

Yeah you are completely correct in saying Wall street will be wall street.

Oh almost forgot, it must be wall street being wall street when an investor or two can make a claim they are buying a lot of the stock and the price shoots up "X" points. Yeah ok.

Bitter?

 

[GroundLoop]

It has everything to do with Apple not caring about the emerging markets (which is where the real growth opportunity in smartphones is). Trying to sell an iPhone 5C in China for over $700 ($550 +plus local taxes) is just mind-boggling. They will still sell some to the wealthy, but $700+ is, on average, several weeks worth of salary in mainland China.

GL

 

[0007776]

Isn't it always/usually down after an announcement?

Yep, the only time that I can think of where it didn't is when the first iPhone was released. People tend to get completely unrealistic expectations, the stock price goes up based on those, and when Apple can't deliver it goes down a little bit.

 

[decafjava]

Yeah you are right, it has nothing to do with apple crapping all over its users by releasing last years phone in a crappier housing. Wall street will be wall street.

Umm yea, again you are off the mark. Have you forgotten all the bitching about scratched aluminium or bent phones?

Wallstreet is not economic reality.

 

[pimentoLoaf]

If Apple innovates a tablet that's iPad-sized when you are working with apps, shrinks magically to a iPhone-sized object when making calls, and then shrinks down to a easily swallow-able pill form when traversing US borders, the analysts would still find cause to get upset (probably over having to wait 48-hours or so for the pill to pass).

 

[krause734]

AAPL Downgraded After iPhone Release

http://www.valuewalk.com/2013/09/apple-inc-aapl-downgrade/

Not sure if I agree, but the iPhone release was underwhelming.

 

[the8thark]

APPL always drops after a keynote. Nothing new here.

 

[njn007]

Earnings calls are far more important for Apple's stock.

 

[kmichalec]

APPL always drops after a keynote. Nothing new here.

This isn't just a stock drop, it's a downgrade by 4 major rating agencies. There's big difference.

 

[BJonson]

APPL always drops after a keynote. Nothing new here.

Keep dreaming. Apple lost $40billion today. Not good.



From CNN Money:

Shares of Apple (AAPL, Fortune 500) tumbled nearly 6% Wednesday. That drop, combined Tuesday's 2% slide in the stock, has erased almost $40 billion in Apple's market value.

While Apple shares typically end up lower a month after the release of a new iPhone, a sharp and immediate decline is rare. Following previous debuts, Apple's stock has initially gained ground before moving lower amid fading enthusiasm.

 

[gmhag]

APPL always drops after a keynote. Nothing new here.

yep, seen it every year.

Means nothing

 

[the8thark]

Keep dreaming. Apple lost $40billion today. Not good.

In the next few days week it'll rise again. Nothing to worry about. And to a serious investor shares are long term, one day blips don't matter.

 

[MN7119]

AAPL is down 6%. It says it all about Tim Cook and his "innovation". Wall St. is tired about the same. Investors waited 1 year to see a second flash and a fingerprint reader in the iPhone 5S. "S" means the same!!!!! The most innovative thing Apple launched yesterday was the iPhone5C cases that shows "hon" on the back. That tells a lot about the direction the company is moving.

 

[the8thark]

This isn't just a stock drop, it's a downgrade by 4 major rating agencies. There's big difference.

I think $140+ billion in the bank speaks more then what some ill informed agencies think. When Apple makes a year on year loss then you can be worried. But that has not happened for a long time.