Results 1 to 10 of 10

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple Stock Continues to Increase Despite Analyst Predictions

  1. #1
    MMi Staff Writer Akshay Masand's Avatar
    Join Date
    Sep 2011
    Location
    New York City
    Posts
    4,348
    Thanks
    3
    Thanked 143 Times in 128 Posts

    Default Apple Stock Continues to Increase Despite Analyst Predictions


    Apple’s stock continues its upward trend with the current price increasing by 5.83% since last week’s unveiling of the new iPad. The current price shocks many stock advisors who thought that the release would provide a good opportunity to sell. The Cupertino California company closed at $568.10 per share, which is currently a new all-time high, just 8 cents below the 52 week high set during the trading day.

    The new value set the company’s market cap at $528.68 billion, which is less than a half billion less than the annual American military budget, but over $120 billion higher than Exxon Mobil, which had been neck and neck with Apple in market cap over the past two quarters. The company’s market cap (which is the value of all outstanding shares in the company) is now greater than the market cap of Google, HP, Microsoft, and RIM combined.

    While the company’s stock has already gone up by 46.11% for the year, it seems to be up nearly another 6% since the since the iPad event last Wednesday. This was previously a time pinpointed by a variety of advisors as a good opportunity to sell. Many pundits’ described stock prices to drop around new product introductions. The company’s stock nearly fell 10% after the release of the iPad 2 last spring but since then, it has climbed nearly 54% over the past year and hasn’t seen that drop with the release of the new iPad.

    Source: Daily Finance. Google Finance

    Twitter: @AkshayMasand

  2. #2
    iPhoneaholic Norb's Avatar
    Join Date
    Jan 2011
    Location
    Mountain View, California
    Posts
    407
    Thanks
    22
    Thanked 51 Times in 31 Posts

    Ahh so it's the analysts that are ******* with my stock prices by scaring people to sell them off.

  3. #3
    Quote Originally Posted by Norb View Post
    Ahh so it's the analysts that are ******* with my stock prices by scaring people to sell them off.
    Analysts and economists are fortune tellers. They say **** with about 10% fact hoping someone will believe them and their guessing game.

  4. #4
    Livin the iPhone Life KraXik's Avatar
    Join Date
    Mar 2011
    Location
    Winchester, UK
    Posts
    2,634
    Thanks
    2,684
    Thanked 1,757 Times in 894 Posts

    Quote Originally Posted by firetwuck View Post
    Analysts and economists are fortune tellers. They say **** with about 10% fact hoping someone will believe them and their guessing game.
    Agree. If they were any good at their job they would have made millions and be sat on a beach in the med by now!

  5. #5
    Livin the iPhone Life Carvensno's Avatar
    Join Date
    Oct 2010
    Location
    Fresno, Calli
    Posts
    2,005
    Thanks
    2,642
    Thanked 1,743 Times in 749 Posts

    Wish i had the money to invest when it was like in the 300 range last year and let the div role over to buy new stock :P

  6. #6
    I'm investing my life savings!

    Yeah!
    Last edited by idkanymore; 03-14-2012 at 10:10 AM.

  7. #7
    well today it just shot up another almost $21 sooo ya

  8. #8
    iPhone? More like MyPhone GooseG's Avatar
    Join Date
    Jan 2012
    Location
    Utah :\
    Posts
    108
    Thanks
    0
    Thanked 5 Times in 5 Posts

    What retard would guess that APPL would go DOWN???!!! They just released the new iPad for pre-orders, what do you think is gonna happen?

  9. #9
    Quote Originally Posted by GooseG View Post
    What retard would guess that APPL would go DOWN???!!! They just released the new iPad for pre-orders, what do you think is gonna happen?
    well historically right before and on launch day the stock drops quite a bit. this year was the same with prices dropping $25 about. Then they shot up again like they have done the last 4 launchs. I only dropped 10k into and i'm kicking myself for not pulling more into it.

  10. #10
    iPhoneaholic Norb's Avatar
    Join Date
    Jan 2011
    Location
    Mountain View, California
    Posts
    407
    Thanks
    22
    Thanked 51 Times in 31 Posts

    Quote Originally Posted by GooseG View Post
    What retard would guess that APPL would go DOWN???!!! They just released the new iPad for pre-orders, what do you think is gonna happen?
    But obviously the pre-orders sold out so that's a bad sign, and then people are already starting to camp out so you know only homeless people are interested in it. Just doesn't look good for Apple here on out... That or these as$holes bought up as much stock as they could when it dropped because of their predictions.

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •