Products, international sales to save AAPL?
updated 01:25 pm EST, Sat February 9, 2008
Sales, products save AAPL
Apple is ready to rise in the stock market again, as the company rolls out international iPhone releases, which analysts predict may bring balance a slowing US economy. According to financial news site The Street, worldwide demand for the iPhone remains high, after a poll conducted by ChangeWave revealed that the iPhone is the most popular choice for those looking to buy within the next six months.
Since December, when Apple's stock was at an all-time high of $199.83 per share, prices have tumbled 37-percent, bringing the current valuation to $125.48. The slide in price came despite several updated product lines at Macworld Expo, including the newly introduced MacBook Air.
Analysts fear that the market could be experiencing a recession, but Dator and Gary Bradshaw of Hodges Capital Management anticipate that the market will narrowly avoid this outcome.
Some analysts predict that new product releases, such as the heavily rumored 3G-based iPhone, will help the company recover from its slump.
it's the economy stupid!
02/10, 12:24pm reply
Ahem...can somebody please explain to MacNN that the drop in Apple's share price is consistent with the drops of just about every other share price since January, in fact, APPL has fared marginally better than most. The current price is little or nothing to do with Apple per se, it's the economy stupid!
Feathers
Forum Regular
Joined: Oct 1999
it's the economy stupid!
02/10, 12:38pm reply
What slump? Apple's share price is down so they must be in a "slump" even though Apple just posted the best quarterly results in the company's entire history??? What moron wrote this article???
alansky
Fresh-Faced Recruit
Joined: Mar 2000
Re
02/10, 01:59pm reply
Have you been to an Apple store lately? It is full of people, looking and buying. The crowd in the Sacramento store was impressive, reminded me of Christmas time.
Guest
Fresh-Faced Recruit
Joined: Nov 1999
save apple..???
02/10, 02:17pm reply
from what?
rtbarry
Fresh-Faced Recruit
Joined: Aug 2001
Marketeers are at fault
02/10, 03:59pm reply
In my opinion, Apple is having a great year preceeded by another great year. And the next year will be even better. The stock price is being held down by those in control.
If you read the articles, they show that any stock can be pushed down or up for the purpose of making people money. The key is to it in a way that those people do not get caught manipulating the market. I project that Apple will shortly rise back to near 200 within the next 2-3 months.
Once those in control decide that they have enough stock, up it will go.
Just a thought. :-)
en
Eldernorm
Fresh-Faced Recruit
Joined: Sep 2007
what are you kvetching
02/11, 11:28am reply
about? Buy AAPL now. You'll be glad you did later this year when the market panic has subsided and investors realize the Apple steamroller will keep on truckin'.
climacs
Fresh-Faced Recruit
Joined: Sep 2001