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11-07-2012, 04:19 PM #1
AAPL Enters Bear Market Wednesday
On the first day of Wall Street trading since last night's election, the Dow Jones Industrial Average plummeted 2% and closed below 13,000 for the first time since late summer. The downturn in stocks today spared no sector, walloping tech stocks as well - with Apple facing some of the harshest volatility.
Specifically, Apple fell better than than 3 percent, capping an astounding 20 percent drop from Apple's all-time high of $705.07 recorded in mid-September. According to analysts speaking with CNBC, AAPL finished the session in "bear market territory."
"For now, everything has been refreshed and all the new products are out," Tim Ghriskey, Chief Investment Officer of Solaris Asset Management, said. "Then there are questions about whether margins have peaked at this company."
So what is really worrying investors and analysts? With the iPhone 5 and iPad mini now available, there's a concern that there is "little innovation on the horizon" for Apple in the immediate future. And that could be going a long way to cool the value of the stock.
11-07-2012, 05:15 PM #2
I feel like Apple hasn't truly innovated since the first iPhone.
Everything since has been an evolution of iPhone and iOS 1.0 but I wouldn't consider any true innovations
11-07-2012, 05:47 PM #3
Maybe you've heard of a little gadget called the iPad? You know, the tablet based computer that all others have now emulated/copied and has changed the face of the laptop market as we know it?
11-07-2012, 06:12 PM #4
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11-08-2012, 12:08 AM #9
Last year after the 4S launch, Apple announced that Steve Jobs really did not work on 4S, but he was more intensely involved in iPhone 5. Does anyone believe that Steve Jobs worked on re-sizing the iPhone?
11-08-2012, 01:26 AM #10
11-08-2012, 06:59 AM #11
11-08-2012, 07:31 AM #12
11-08-2012, 08:03 AM #13
Apple's stock will not get anywhere near 700 again any time soon without a 'truly new' product.
Last edited by NewD; 11-08-2012 at 08:14 AM.Here to help if I can. If I can't, I know someone who can!
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11-08-2012, 08:42 AM #14
I have restrained myself on buying an i5 and I am considering moving to android in the time soon if no jailbreak comes out. I am not saying this will happen to everyone, but I am sure a lot of people are holding on to their 4S for this very same reason.
I feel they are becoming stale and iOS6 was a very STALE upgrade. So was the i5 in regards to screen size.
They have also made a very difficult to produce i5 and Foxconn is not keeping up with demand. For the impulse buyers (a lot of them) are moving to other handsets that are readily available. I think this is the major problem for Apple's Stock. Besides... Apple's stock was over valuated anyways.
11-08-2012, 11:35 AM #15
11-08-2012, 01:09 PM #16
There has been no change in the behavior of Apple customers - when a new device comes out, even if marginally better than the one they have, they buy it (which drives revenue/profits even higher) and sell the old one to subsidize it (which supports a HUUUUGE secondary market by the way). They don't need a new product to make record profits at every turn and sell millions of devices.
In that vein, analyst estimates have been insanely out of control lately (with analysts going above apple's own guidance by 20% then missing their own expectations which drives down the price). As soon as analysts level set their expectations for the number of devices that will be sold (and apple can meet that demand- see supply chain), the stock price will rise again.
As for why things are bad currently - Apple's price is getting battered because of supply chain problems. When they fix that and they meet demand, confidence in the stock will restore. Furthermore, the price will keep going until the stock gets gets too expensive for investors (a bad value - or high P/E).
Even if apple stops "innovating" and just goes with incremental updates, they still trade at a 12 P/E which does NOT include their cash on hand. Thats AMAZING VALUE! If they meet their numbers, the price goes up.
Bottom line - BUY NOW!
11-08-2012, 04:01 PM #17
11-12-2012, 01:23 AM #18
But, I have purchased an iphone 5 and sold my iphone 4.
What a lot of people here don't talk about, is how well IOS 6 works with the iphone 5.
I subscribe to a number of podcasts and it was a pain getting updates before.
Now I get them within a day of the broadcast automatically.
Looking through and selecting, downloading podcasts is almost instant now.
Everything functions faster now, even the APP Store, with multiple downloads occuring at the same time,
and then the option to run the app while still in the app store.
I initially wanted a bigger screen, but my reach on the 5 fits just right.
Like most people, I was extremely disappointed when Apple replaced Google Maps.
And the loss of YouTube was a bad move on Apple's part.
But the functioning of the iphone 5 is three times what the iphone 4 was.
It took me over a minute and 20 seconds to boot the iphone 4 from off.
It took me 23 seconds to boot the iphone 5.
...Don't get me wrong! I really miss my jailbreak!
Last edited by thevmax; 11-12-2012 at 01:27 AM.
11-12-2012, 07:04 AM #19
But the Jailbreak is still VERY far off. By this time with previous iOSes (two months after a release of a new iOS) the devs have had at least an exploit discovered, a true jailbreak (not a failbreak) and a tethered JB within a few weeks. We've heard nothing out of the devs at all. Not a word.. That means it will take a VERY long time this time. And last time (5.1.1 Absinthe) was a longer wait than ever before. I had high hopes of getting my iP5 for Christmas since there'd certainly be a jailbreak by then. But I have a feeling that won't happen. I am NOT upgrading until there's a JB. Just can't live without a JB anymore. I'm too invested in my tweaks and themes.