Apple tanking

[cord2]

As of 1/24/13 apple stocks dropped to a market cap of 428. And stocks have plummeted from 512 to 452 (424 at open) in less than a day of investors dropping the stock after the Q1 report for 2012 sales were released.

Apparently Apple has reported 2012 flat profit growth, and tepid iPhone 2012 sales.

For visual graphical info and charts showing exactly why investors are dropping that Apple stock like a hot potato

Source: http://iclarified.com/entry/index.php?enid=26921

 

[stridemat]

Tanking, or is now the time to buy cheaper?

Shares go up, Shares go down.

 

[basesloaded190]

There's already plenty of threads that you should have posted this under that are currently being discussed.

 

[cord2]

Tanking, or is now the time to buy cheaper?

Shares go up, Shares go down.

Only time will tell, but if you look at the link in post 1, the problem seems to be sluggish sales and little to no growth.

If that trend continues, then I'd say its tanking.

 

[simsaladimbamba]

If that trend continues, then I'd say its tanking.

What defines as "tanking"? Making more profit than anyone else in the same field does not seem to define "not tanking" I suppose?

 

[einmusiker]

the bubble had to burst at some point, it was only a matter of time. This can only be a good thing for those of us that want apple to get back to "computing"

 

[Rogifan]

the bubble had to burst at some point, it was only a matter of time. This can only be a good thing for those of us that want apple to get back to "computing"

iPhone and iPad are Apple's biggest revenue generators. I don't see them getting less love anytime soon.

 

[malman89]

It's just basically an adjustment of expectations. The loftier and loftier expectations created the need to make a home run, never been done before product with every release - and that's not realistic.

At this point, $400 or $700 is just a number for Apple. It's not really indicative of any short or long term crises just yet.