Conventional wisdom has it that Apple has reached its peak and can only disappoint from now on. Yet, many financial facts don’t make sense. The market is too harsh with Apple compared to its competitors. But when it comes to products, there is an unsettling detail: there was no product release during fiscal Q2 2013. While Apple is certainly not doomed, its future looks gloomy. That’s… → Read More
Apple shares (NASDAQ:AAPL) are currently trading down at $398.11, 6.6 percent below yesterday’s closing price of $426.24. It represents a stark downturn for the stock as well as a 16-month low. Earnings could be to blame as they are coming soon and investors are not sure what to expect. → Read More
David Einhorn has dropped the suit filed against Apple over a proposal the company intended to bring to a vote at its shareholder meeting this past week, Bloomberg reports. The proposal included a provision that would require a common shareholder vote before Apple could issue any preferred stock, something Einhorn and his hedge fund Greenlight Capital have been seeking from Apple to unlock more of… → Read More
Today, Apple shares fell 6.43 percent to 538.79, which represents a $34.8 billion market cap write-off. Analysts have been looking for reasons for the drop all day long without finding a single one that stands out. They forgot about the long-term perspective.
During the past 12 months, Apple shares have been up 42.7 percent, mostly due to two new products, the iPhone 5 and the iPad mini. With a… → Read More
The good times can’t last forever. Eventually the music dies off, the balloons pop and everyone goes home.
Without sounding the hyperbole alarm, let’s look at the facts. Apple’s stock price has declined steadily since September 19, two days before the iPhone 5 was released. Shares are off 25 percent since September. The stock price closed at a six-month low today. The price is still up 30… → Read More
Apple joined the illustrious $700 club today in after-hours trading. The list of stocks that have traded at or above that price per share includes only a few select companies, such as Google, which passed that mark earlier in September. The share price was likely driven up first by strong response to its opening of iPhone 5 pre-orders last Friday, and then by the news today that in fact, the… → Read More
During the WWDC keynote today, shares of AAPL retracted lower as investors showed mixed feelings about the announcements. As of this story AAPL is down nearly 3 points, but not as bad as a few years before. → Read More
OMG. What is happening to the world. Microsoft is laying people off, Sony records first loss in 17 years, and now, Apple’s US computer sales fell six percent over last January. The company probably isn’t hurting though thanks to the hefty premium pricing, or as we like to call it, the Apple Tax. Apple’s global sales however are doing just fine and grew nine percent during the same time frame that… → Read More
Apple’s stock (AAPL) was down last night in after market trading and the trend continued this morning. We gave the market a few minutes but it looks like Steve Jobs taking a six month medical sabbatical isn’t sitting so well with stock traders. Currently (as of 10:30) the stock is trading at 80.62 which is 4.27 below the close yesterday. We’ll check on it later today but unless Apple reveals a… → Read More
Apple experienced significant stock growth thanks to the iPhone, but even Steve Jobs & Co. are susceptible to the financial doldrums. The entire tech sector is chill’n on the poop shelf and Apple’s stock is following the crowd down the hole. For the first time since January 9, 2007 – the iPhone launched on the 10th – AAPL is below $85 a share. Even MacWorld might… → Read More
If I had bought Apple stock back in 1985… AlleyInsider is reporting that AAPL is down to $110 – 14% – due to stock downgrades by Morgan Stanely and RBC. Why? Because folks aren’t buying stuff – it’s “the weakest [90-day electronics spending] ever seen” – and Kathryn Huberty points out that Apple isn’t in the sub-$1,000 laptop market where… → Read More
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