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AAPL Stock: 562.29 ( -3.03 )

Shares of AAPL fall despite record earnings

updated 05:15 pm EDT, Thu April 14, 2005

Shares of AAPL fall


Shares of Apple on concerns that the company might not be able to produce another blockbuster product, according to the Associated Press. Apple shares fell $3.78, or 9.2 percent, to close at $37.26 in Thursday trading, after losing $1.62 on Wednesday. The stock also continued to fall in Thursday after hours trading, losing nearly 5 percent to $36.85. "Stocks of several technology bellwethers, including Microsoft, Intel, Sun, HP, and Google, suffered at least slight declines Thursday amid Wall Street's concerns over steeply rising oil prices and a broader economic slowdown. But Apple's drop was more drastic and came despite the company's report of record quarterly revenue and profit that surged more than six-fold from the same period last year." Apple's stock has fallen since its 52-week high of $45.44, set on February 17.


by MacNN Staff

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  1. Olorin

    Junior Member

    Joined: Jul 2002

    0
    04/14, 05:33pm | report spam | Reply |

    investors are stupid

    A company reports record earnings and the investors worry about APPLE coming up with new innovative products... I mean come on people! If there is any company in the world you don't have to worry about that with it is Apple.

  1. legacyb4

    Mac Elite

    Joined: May 2001

    0
    04/14, 05:35pm | report spam | Reply |

    Go figure

    What will it take for people to believe in Apple? I guess 98% marketshare or nothing...

  1. Ganesha

    Senior User

    Joined: Jul 2002

    0
    04/14, 06:24pm | report spam | Reply |

    And it will go down..

    Again tomorrow, thanks to IBM under reporting today. Apple's stock is bad to it's old self again, the one that goes down on good news.

  1. vortexlift

    Fresh-Faced Recruit

    Joined: Mar 2004

    0
    04/14, 06:32pm | report spam | Reply |

    Fear and expectations

    Today was all about fear and over-inflated expectations. With fears of economy tanking, people are just taking their money and run (and huge profits in the case of AAPL - I mean AAPL has quintupled in 2 years!). Also, lets face it. AAPL is carrying a PE of nearly 60 even after a 10%+ drop. It was priced for perfection and then some. As good as Apple has done, does it deserve a PE of 60? No. Maybe 40 to 45, but not 60. AAPL was ahead fo itself.
    That said, AAPL is going to be a great long term performer as the much sought after "halo effect" is no longer a myth as latest earnings report has shown. It has finally taekn hold. YES!
    Even doubters on Wall Street had to admit that.
    And if AAPL can double its' PC market share, It will be a $20+ to $30+ billion company in a 5 or 6 years (assuming a 15% yearly growth rate that Oppenheimer projected/targeted). That will justify a stock price many times what it is today.
    But first, we have to take a few steps back before it can go forward again.
    Next support level is in low $30's. Then high $20's. I'm saving my doe for more Apples if it hits those levels. : )

  1. iamnoone

    Fresh-Faced Recruit

    Joined: Jul 2003

    0
    04/14, 07:18pm | report spam | Reply |

    For the most part,

    I agree with you vortex...however I do not think it will get back down into the high 20's....I could be wrong and will eat my words if it happens, but I would be surprised to see much more of a sell off after tomorrow.....although I have to say I was quite surprised by the level of sell off today...it was a bit disheartening seeing all those gains go bye bye...oh well, such is the market....I guess you're right though, if it does get back down in the 20's it's time to get as much as you can because I doubt we'll see it at those levels again for a while...or maybe I am just severely optimistic and I should sell now while I'm still way up...decsions....hmmm, perhaps MrKlin will grace us with his omnipotent presence and "educate" us all on what to do...LOL

  1. loudpedal

    Forum Regular

    Joined: Oct 1999

    0
    04/14, 08:27pm | report spam | Reply |

    Wall Street

    Wall Street has the greediest wussies on the planet. They have no stomach for a fight. Sometimes I wonder how they even get up in the morning without a panic attack.

  1. spider610

    Fresh-Faced Recruit

    Joined: Sep 2003

    0
    04/14, 09:56pm | report spam | Reply |

    The market is not a index

    The stock market again prove itself not a indicator of any business's financial health or reflect the true value of the company.

    You're selling, I'm buying... I don't see these kind of ups and downs mean anything when I can just invest in a company who keep embarassing the Wall Street again and again with their innovative products.

  1. Todd Madson

    Mac Elite

    Joined: Apr 2000

    0
    04/14, 10:22pm | report spam | Reply |

    Hm.

    I spent six years working for a stock brokerage who now
    even says good things about Apple now and again.

    But I learned more about human nature there than just
    about anything else. It's like the comedian said:
    "it's like gambling only they all wear suits and
    there's no alcohol."

    Meh.

  1. 83caddy16v

    Forum Regular

    Joined: Sep 2000

    0
    04/14, 10:44pm | report spam | Reply |

    taking a bath

    yeah - not sure how much further I'm going to ride this one down. Friday will probably be another several dollar drop. I see good things for Apple financially over the next quarter but I don't see good things happening for the stock price.

  1. klinux

    Senior User

    Joined: Jul 2002

    0
    04/15, 04:56pm | report spam | Reply |

    Now now

    Now now, iamnoone, don't be a sore loser just because I corrected you before.

    At its current valuation Apple is still a very rich stock. Has nothing to do with Apple's market share, people's confidence in Apple, etc - it is just plain market force at work. Not surprisingly, I agree with vortexlift well-reasoned arguement, which is diametrically opposite of yours.

    "I agree with you vortex...however I do not think ....I could be ....I guess you're right though...or maybe I am just severely optimistic"

    Geez, go to a support group or something.
    *****************
    "Wall Street has the greediest wussies on the planet. They have no stomach for a fight. Sometimes I wonder how they even get up in the morning without a panic attack."

    Duh. At least they are determined greedy wussies compared to plain wussies on Macnn. And guess what, it's Wall Street - they should be be f*cking greedy!

    They are not emotionally tied to Apple - if AAPL will make them money, money goes there. If they find out next undervalued opportunity is is VOIP, money goes there.

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