Apple Stock Sinks on announced Iphone cutback
Seems the iphone is dying on the vine like I predicted. All flash no substance, a "me to" phone who's early adopters are not envied so much as ridiculed.
Ah the marketing gurus almoat had a bunch more...suckers at $600 a pop
Ah the marketing gurus almoat had a bunch more...suckers at $600 a pop
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It's not meeting expectations... but it's a long way from dying on the vine. The expectations were abso-freaking-lutely sky high, so there's a lot of room to not hit the target and still have a profitable product.
Hope that doesn't invalidate your existance too much. You seem awfully emotionally invested in this.
Hope that doesn't invalidate your existance too much. You seem awfully emotionally invested in this.
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Apple announced a cutback of 50% of the iPhone from 9million to 4.5 million. There were not nearly as many sold or activated as predicted.
I love being right.
IPHONE, A Non EVENT
I love being right.
IPHONE, A Non EVENT
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thats a rumor... if you look around it says apple is being sued by that crack head eminem that can also affect stocks.
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TVP125 said:
thats a rumor... if you look around it says apple is being sued by that crack head eminem that can also affect stocks.
Uh no Eminem canot move ANY multibillion dollar companie's stock. Not even his own record company. LOL
The market seems to support the rumour....ya think?
Where were all the lines? Yeah there were a few but anyone of those idiots could have bought one a day later!!!
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This line of thinking has already been countered.
But it must be nice to take one granular piece of data out of context and 'prove' yourself right, while ignoring all counterpoints and/or pretending to be omniscient.
But it must be nice to take one granular piece of data out of context and 'prove' yourself right, while ignoring all counterpoints and/or pretending to be omniscient.
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He hasn't actually posted a story.
But here's one similiar to what he's talking about from CNN.com's financial section:
Apple Sinks on iPhone Cutback Talk
By Scott Moritz
Senior Writer
7/31/2007 12:33 PM EDT
Click here for more stories by Scott Moritz
Updated from 11 a.m.
Another round of rumors is taking the shine off Apple's (AAPL - Cramer's Take - Stockpickr - Rating) iPhone.
Apple shares took a 3% dip Tuesday amid speculation about a cut in production of the trendy iPod-inspired phone. The chatter that sent the stock down was that Apple was reducing its production of iPhones from "9 million units to 4.5 million units," according to a note from the stock trading desk at Miller Tabak & Co.
The trading note, ...
(continues)
But here's one similiar to what he's talking about from CNN.com's financial section:
Apple Sinks on iPhone Cutback Talk
By Scott Moritz
Senior Writer
7/31/2007 12:33 PM EDT
Click here for more stories by Scott Moritz
Updated from 11 a.m.
Another round of rumors is taking the shine off Apple's (AAPL - Cramer's Take - Stockpickr - Rating) iPhone.
Apple shares took a 3% dip Tuesday amid speculation about a cut in production of the trendy iPod-inspired phone. The chatter that sent the stock down was that Apple was reducing its production of iPhones from "9 million units to 4.5 million units," according to a note from the stock trading desk at Miller Tabak & Co.
The trading note, ...
(continues)
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To put it in perspective, while Apple's stock as sunk, it's still a lot higher than it was last year at this time, and with good reason. For instance, they just posted the highest June Quarter revenue and profit in their history.
They shipped 1,764,000 computers, breaking their old quarterly record by more than 150,000. They sold 9,815,000 iPods (a 21% growth since same quarter last year).
Quarterly revenue of $5.41 billion. Profit of $818 million. And the iPhones ARE selling. Their quarterly stats (in which the iPhone was only sold for a miniscule portion of the total elapsed time) are 270,000 units sold.
In the grand scheme of things, it's been a great quarter for Apple. But stock prices are dictated by 'feelings' more than anythi...
(continues)
They shipped 1,764,000 computers, breaking their old quarterly record by more than 150,000. They sold 9,815,000 iPods (a 21% growth since same quarter last year).
Quarterly revenue of $5.41 billion. Profit of $818 million. And the iPhones ARE selling. Their quarterly stats (in which the iPhone was only sold for a miniscule portion of the total elapsed time) are 270,000 units sold.
In the grand scheme of things, it's been a great quarter for Apple. But stock prices are dictated by 'feelings' more than anythi...
(continues)
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Webb said:...
To put it in perspective, while Apple's stock as sunk, it's still a lot higher than it was last year at this time, and with good reason. For instance, they just posted the highest June Quarter revenue and profit in their history.
They shipped 1,764,000 computers, breaking their old quarterly record by more than 150,000. They sold 9,815,000 iPods (a 21% growth since same quarter last year).
Quarterly revenue of $5.41 billion. Profit of $818 million. And the iPhones ARE selling. Their quarterly stats (in which the iPhone was only sold for a miniscule portion of the total elapsed time) are 270,000 units sold.
In the grand scheme of things, it's been a great quarter for Apple. But stock prices are dictated
(continues)
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AvgJoe said:
The market knows that. A stock like APPLE does not move 3% without MAJOR players who know the score making thier moves.
Have you actually looked at their long term history?
Rhetorical question. Answer: no, obviously.
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AvgJoe said:
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The market knows that. A stock like APPLE does not move 3% without MAJOR players who know the score making thier moves.
You're basing your judgement on one days stock results? Hmmm.... glad your not my stock broker.
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asiatic1982 said:AvgJoe said:
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The market knows that. A stock like APPLE does not move 3% without MAJOR players who know the score making thier moves.
You're basing your judgement on one days stock results? Hmmm.... glad your not my stock broker.
Too bad. You waould have saved some money since the relase of the iPhone.
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AvgJoe said:asiatic1982 said:AvgJoe said:
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The market knows that. A stock like APPLE does not move 3% without MAJOR players who know the score making thier moves.
You're basing your judgement on one days stock results? Hmmm.... glad your not my stock broker.
Too bad. You waould have saved some money since the relase of the iPhone.
Meh. A good advisor would've told him to buy Apple stock last year and hold it. Then he would've made himself some serious money, particularly if he unloaded half of it right around now. He would probably also advise that there does seem to be long term investment value in holding the stock even after t...
(continues)
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The IPhone went fomr "OMG You got one?" to "OMG you were suckered into buying one???"
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The stats will come out in 3rd quarter. The iphone was hyped up way to much and all that came from it was wow this is the best IPOD ever. Not phone and that when its all said and done is what it is!
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Maybe. Though it doesn't have to live up to the hype to be a successful product... at least, successful enough for Apple to continue to pursue.
If it HAD lived up to the hype, it would be a success without precedent. Apple and AT&T would have a liscence to print money.
As it stands... it's been out all of one month. Folks are still buying them. No, it's not the best phone ever. The hype probably was impossible to really live up to. But it's been good enough to get some very positive reviews. A lot of folks who purchased it do genuinely like the thing.
In the grand scheme of things, it's really too soon to tell wether it's a success or a flop. But for it to be a genuine failure, to the point where Apple abandons it, or even loses mon...
(continues)
If it HAD lived up to the hype, it would be a success without precedent. Apple and AT&T would have a liscence to print money.
As it stands... it's been out all of one month. Folks are still buying them. No, it's not the best phone ever. The hype probably was impossible to really live up to. But it's been good enough to get some very positive reviews. A lot of folks who purchased it do genuinely like the thing.
In the grand scheme of things, it's really too soon to tell wether it's a success or a flop. But for it to be a genuine failure, to the point where Apple abandons it, or even loses mon...
(continues)
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Webb said:...
Maybe. Though it doesn't have to live up to the hype to be a successful product... at least, successful enough for Apple to continue to pursue.
If it HAD lived up to the hype, it would be a success without precedent. Apple and AT&T would have a liscence to print money.
As it stands... it's been out all of one month. Folks are still buying them. No, it's not the best phone ever. The hype probably was impossible to really live up to. But it's been good enough to get some very positive reviews. A lot of folks who purchased it do genuinely like the thing.
In the grand scheme of things, it's really too soon to tell wether it's a success or a flop. But for it to be a genuine failure, to the point where Apple
(continues)
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Congratulations AvgJoe, you are the man for predicting this. You are so cool in this online forum, everyone is going to look up to you and alawys ask for your prediction on things to come! Gosh it must feel good to be that perfect and right all the time!
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i think they'll hit target. just like microsoft does with xbox and such.
they plan a goal. ship a certain amount or manufact. a certain amount. it fly's off the rack because its the latest thing out. then they leave the fiends waiting for the next shipment as they watch their friend who got in the line early brag about how cool itr is just because its new. so when they re-ship the larger shipment all of the clones that waited rush and buy.
apple does the same with their newst ipods.
they plan a goal. ship a certain amount or manufact. a certain amount. it fly's off the rack because its the latest thing out. then they leave the fiends waiting for the next shipment as they watch their friend who got in the line early brag about how cool itr is just because its new. so when they re-ship the larger shipment all of the clones that waited rush and buy.
apple does the same with their newst ipods.
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Dude, we all know you hate the iphone, so shut up about it, we dont want to hear it anymore
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Maybe he's secretly brilliant, and he's just written some program that combs the financial headlines and pulls out select keywords (but, understandably, context is still a work in progress) to work into automated anti-iPhone posts?
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Check again bird brain
AAPL reported 3rd qtr 2007 earnings of $0.92 per share on 7/25/07. This beat the $0.72 consensus of the 25 analysts covering the company.
http://www.apple.com/pr/library/2007/07/25results.html »
AAPL reported 3rd qtr 2007 earnings of $0.92 per share on 7/25/07. This beat the $0.72 consensus of the 25 analysts covering the company.
http://www.apple.com/pr/library/2007/07/25results.html »
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