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Investor calls for brief Apple stock decline

updated 04:00 pm EDT, Tue June 23, 2009

Brief Apple stock decline?

An option investor is anticipating a brief but substantial fall in Apple's stock price, according to Forbes. With the price having already slid in recent days, the investor predicts that within the next three weeks value should slip further, from approximately $134 to as low as $110. No direct reason is cited, but investors may be leery about Apple's prospects in light of reports claiming that CEO Steve Jobs underwent a liver transplant. Much of Apple's direction is said to come from Jobs, including product design.

RBC Capital analyst Mike Abramsky has issued an optimistic interpretation of Apple's prospects however, based on revisions to the iPhone line. The 1 million 3G S units sold over the weekend is impressive, Abramsky comments, but the new phone is said to be less important than the 3G, now cheaper at $99. It could increase momentum by 30 to 40 percent in many Asian and European countries, where phone subsidies are already higher, and many people opt for prepaid devices regardless.

Some 20 million iPhones may be sold in FY09, of which 64.5 percent are forecast to be 3Gs. The 3G S is not expected to control iPhone sales until FY10, when total iPhone sales of 30 million are predicted, approximately 60 percent of which could be taken up by the 3G S. The memo does not make mention of the 3G S' likely successor.

by MacNN Staff





  1. slider

    Joined: Dec 1969


    Do they really even know?

    Here's a news flash - Steve Jobs will not be able to continue on as CEO until the end of time - yep, but my sources are pretty good.

    The whole thing has been visited a number of times - most critically when SJ left for his recent medical leave. And six months later what do we have? Turns out Apple didn't go under and the leadership - honed by SJ over the last ten years - have demonstrated they are more than capable of running the company as the Apple everyone has come to expect.

    But no, once again SJ's medical condition is back in the limelight and once again all the naysayers and doom-seers are predicting the end of Apple. Maybe the best thing that came from Apple's ouster of SJ back in the 90's was that on his return, he knew what he had to do to shape the company to continue to be the Apple we know once he's gone. I think what we can expect over the next 1 to 3 years is jobs giving up more and more of his responsibility including his CEO status to just consulting and then slowly fade away. Apple has been, is, and always will be SJ's legacy (regardless of what anyone might think of it).

    I find it ridiculous that despite Apples product line such as the current unibody MacBooks at reduced pricing, the iPod and iTunes business (which could be a company all on its own), and of course the amazing iPhone, that analysts and investors can reduce everything to SJ's in 2009 - no doubt had SJ left 4 or 5 years ago this might have been a different story, but in building a lasting legacy, SJ could retire today confident that Apple will remain "Apple".

    It's time folks - lets stop reducing Apple to Jobs Co.

  1. VinitaBoy

    Joined: Dec 1969


    In Other Words . . .

    . . . watch out! We're going to manipulate the h*** out of this equity for no other reason than we want to--and we can.

    The deck is stacked is against the small investor in this country, so unless one really enjoys swimming in a shark tank, the stock market is no place to bathe.

  1. Bobfozz

    Joined: Dec 1969


    Let's see how it goes

    If this options investor is wrong, and loses his a**, could the news media put a "block" on anything he ever says again? If this pinhead really could forecast the future (aaargh) there are a lot of other things he could make even more money on... people's "intuition" is wrong all the time.
    Don't know why MacNN gives this any publicity. WOuld they do the same if someone else said the exact opposite?

  1. Constable Odo

    Joined: Dec 1969


    Apple might be a

    top company, but it's just so damn easy to manipulate. I don't know what Apple has to do to get its share price back up to the $160 range. It looks like it's gonna get on a roll and then the next thing you know is that it's back down again. This company is selling lots of products. I'm not sure if Monday and Tuesday was related to the liver transplant announcement, but it it was it is just c***. iPhones sold are iPhones sold, regardless of whose liver Steve Jobs has. I don't even see how it is negative news. I could see if he was waiting for a transplant, but he's already had it two months ago, so what bearing does it have on Apple all of a sudden. I'm so pissed and damn that guy if Apple goes down to $110.

  1. sammaffei

    Joined: Dec 1969



    Does anybody recall that some of Apple's most profitable years were without Jobs?

    Yes, Jobs is a great innovator, but some really cool stuff came out of Apple in the late 80s, 90s. Newton was revolutionary (just to ambitious for the technology of the time). And, I still consider QuickTime to be one of Apple's greatest achievements.

    Apple will survive sans Jobs.

  1. c. haynes

    Joined: Dec 1969


    Calling for... what?

    I don't get a headline that says an investor is "...calling for.." a decline in stock prices. Is there an idiot test to be an investor and if there is, how did this guy get through?

    Why is a company which is constantly innovating, producing solutions that work better and more consistently than other similar companies, has the best rated customer service, constantly getting beaten up by these "analysts?"

    It is possible to examine their track record in predicting, like Michael Dell, Apple's demise or falling stock price. The record is abysmal. Is somebody juicing the pot to keep this kind of c*** circulating?

    So much stuff comes out that is junk, sales are minimal and when Apple sells over 1 Million iPhone in one weekend the STOCK DROPS. Maybe the inmates are running the asylum.

  1. JulesLt

    Joined: Dec 1969



    Sam - the problem is that those profitable years also came at the cost of falling sales (they basically came from milking the existing products and customer base).

    Personally, I think the 3GS - or rather 3.0 OS - is a significant thing. It removes most of the reasons I had (not yet) bought an iPhone, and we have not even seen the start of the peripheral market, which will open up all sorts of innovation.

    And it appears that Nokia have dropped the ball with the N97, which has been critically received by people who were looking forward to Nokia's answer to the iPhone (their lower market touch-screen music phone is fine, and probably something Apple will have to compete with at some point).

    (The N95/96 were the big European smart phones and - in terms of features - they looked like iPhone beaters - i.e. they had GPS when iPhone didn't, etc)

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