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Thread: China Blamed for AAPL Selloff Today

  1. #1
    What's Jailbreak? Michael Essany's Avatar
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    Default China Blamed for AAPL Selloff Today


    Shares of Apple are on the receiving end of a brutal Wall Street beat-down today.

    AAPL, which is down nearly $15 on the day as of this writing, is seeing a negative reaction to a string of unfavorable reports, the most damaging of which pertains to China.

    Following a string of analyst predictions and sales projections over the last two weeks, investors are eagerly anticipating the launch of Apple's iPhone on China Mobile, the world's largest mobile carrier. But today's report indicates that a launch isn't imminent. In fact, the sources claim that Apple is merely still in talks with China Mobile about a deal.

    Xi Guohua, the chairman of China Mobile, said Wednesday that his company had no announcement to make on any deal to carry Apple’s smartphones. Mr. Xi was speaking to reporters on the sidelines of a conference in Guangzhou, a city in southern China.
    Given that a China Mobile deal could be worth billions for Apple, any delay in getting the iPhone introduced to China Mobile subscribers is clearly and understandably going to be negatively digested by Wall Street.

    Source: NYT

  2. #2
    Grumpy *T*'s Avatar
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    Brutal? Really?

  3. #3
    is this a bit premature? seen as trading isn't finished
    privacy isn't about having something to hide, another view here

    look here all grammar police, indulge me.

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    Jato_BZ (2013-12-19)

  5. #4
    Quote Originally Posted by dsg View Post
    is this a bit premature? seen as trading isn't finished
    While still speculative, what are the odds shares will climb back up another mountain of $15 to break even?

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    Jato_BZ (2013-12-19)

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    dsg (2013-12-19)

  10. #7
    it did well, to recover that
    Last edited by dsg; 2013-12-19 at 12:39 AM.
    privacy isn't about having something to hide, another view here

    look here all grammar police, indulge me.

  11. #8
    Livin the iPhone Life
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    China is to blame? Sounds to me like BOTH of them are to blame considering that it takes TWO sides to reach an agreement. And since I've heard nothing that would suggest China is 100% at fault, one would think that they are not solely to blame and in fact Apple could be partially blamed for its own sell-off depending on what is going on with the "talks".
    Last edited by RICO_; 2013-12-19 at 06:50 AM.

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    dsg (2013-12-19)

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