“Shares of Apple Inc, the largest U.S. company by market value, are set to finish the year in the red on notable weakness for a stock that had largely been impervious to pain for several years,” Saqib Iqbal Ahmed reports for Reuters. “Apple Inc shares are on track to finish the year down 4 percent, its first down year since 2008.”
“Shares have shed about a fifth of their value since touching a high of $134.54 on April 28, and are down 17.5 percent since the inclusion of the stock in the Dow Jones industrial average in March,” Ahmed reports. “Declines this year have wiped out about $57 billion in Apple’s market capitalization, about as much as fellow Dow component DuPont Co is worth. Apple is currently worth about $590 billion.”
“Wall Street analysts’ still love the stock. Of 49 brokerages, 41 have a positive rating and none hold a ‘sell’ rating,” Ahmed reports. “Analysts have a median price target of $145 – implying a gain of nearly 40 percent from current levels.”
Read more in the full article here.
MacDailyNews Take: Fire up the buybacks!
This is not a surprise.
Hmm, what’s that annoying gnat buzzing around this site? Oh well, nothing remotely important.
How’s that Apple portfolio looking? Not so good, huh. I can tell, it makes you grumpy and cantankerous. Oh, well, you’re a smart person. What will yo do now?
Mine’s great. Bought at $20 a share before the 7 for 1 split and a 2 for 1 split.
How’s Microsoft doing?
You foolishly think I own Microsoft stock while you acknowledge that you own stock in decline.
A stock split? Aren’t you the Wall Street wizard? A stock split adds no value to your stock – its total value remains the same. Also, it does not prevent the stock from further devaluation.
Fred you dolt.. I bought the stock when it was 15 bucks a share. I have amassed more than 7400 shares. It has increased by some 1100 percent.. the fact that it went down some recently means zero. It’s all on paper. When I go to sell it (after it goes back over 130 or so) it will be worth over a million dollars.. you have literally no conception of how the value of stock works.
Fred, he basically means he paid only $1.43 per share on a split-adjusted basis. Doh !
Looking great! I invested in 2000 so obviously it’s a giant pile of cash any way you slice it. And Christmas quarter announcements will see some nice gains.
No worries here, but how about you little fella? With your losing disposition I fear the worst for you.
Looking great? Apple’s stock is in a freefall and you couldn’t be happier? Are you insane? Big pile of cash, my ass. Who are you, Trump, Buffet? No, your just a pathetic fanboy. That’s all.
Now who’s getting a little not under the collar. Chill baby.
You really assume this is permanent (look at the history doofus) and call yourself some kind of self-appointed “expert.” You’re nothing short of a total goofball and idiot with a tenuous grasp of history and facts. Get back into your playpen. Insanity is a moron named Fred.
Fred, the pathetic Microsoft Android fanboy Coke to gloat, except we are the ones gloating over how stupid Right Said Dead little Fred is.
Dead in the head, can’t comprehend that he’s as thick as two planks.
Bye Fred.
I tried teaching you but as always, you’re just too stupid.
See this fabulous article by PED of Fortune Magazine. It summarizes 6 reasons that explain Apple’s absurdly low share price.
http://fortune.com/2016/01/01/apple-stock-2015-whimper/?xid=yahoo_fortune
I agree with everything in the article. I am sure many other investors and apple watchers do, too.
But not Fred.
Yeah well, I don’t think it’ll affect the quality of their products.
You’re right. Quality can’t get much worse.
Yeah, it’s been declining since 2012.
You must have permanent furrows in your forehead for all the heavy frowning you do.
Why not just let Apple die a natural death instead of kicking it in the crotch when it’s down?
MDN and its incessant fanboi ranting is a prime example of what’s wrong with the internet.
In these days of rapid trades, wired trades and automated trades, there is n o reason to buy and hold a stock. Are you afraid that you might miss the upward movement of a particular stock/ Then you shouldn’t be in the stock market.
The stock market is a Ponzai scheme whose goal is to pump up a market with wide eyed investors so that the sharks can separate the lambs from their hard earned money. You want to make money in an investment? Buy an index fund.
?!?!?!
EtOH fumes are in the air, so I’ll skip evaluation of this bizarro post.
While I concur that no-load index funds are a wise investment for an individual investor, they are not divorced from the vagaries of the stock market. In fact, I believe that you will find AAPL to be a material component of many index funds. As a result, there is some irony in your post.
Your homophobic reference destroys your entire argument.
His anonymous, ad nauseum posting of the same bullshit also destroys his entire argument. In fact, he does not even have a valid argument.
Apple fanboys boast that they are smarter and more savvy than anyone else ang heap scorn and insults on others. However, it seems quite plain that they never saw Apple’s inglorious fall from grace. How does it feel? Do you feel less confident? Where is your snarky arrogance now? You never saw Apple’s gradual decline since Steve Jobs passed. Pathetic.
I don’t understand what you mean. In the face of expanding technologies of its competitors, Apple’s technologies have attracted more and more people, including a massive influx of formerly Android users switching to iOS.
Using stock markets to gauge a company’s quality is odd.
Apple fanboys can’t help but whine and bitch about Apple’s stock price and the “conspiracy” to devalue it. If Apple’s stock price was irrelevant why do Apple fanboys wail and gnash their teeth? Are they stupid? Are the deluded? Are they ignorant? Are they all of the above? Yup.
Stock markets are irrelevant. Personally, I care about quality of products and I’m pretty sure the folks at Apple aren’t that concerned about it. You seem concerned about people who are concerned about the stock market — doubly odd. Who cares about either?
Are you serious? Stock markets are fundamental parts of modern capitalist economies. I wish Apple focused more on quality products than the rush jobs they have served up, specifically in software and services. As far as I can tell Apple’s leadership team has no concern for actually making the shareholders (owners of the company) any money, though Tim Cook and friends are very handsomely compensated with tens of millions of dollars $$$
Happy New Year to you Fred, and any other remaining Samsung-paid trolls who haven’t yet suffered from the austerity cutbacks made necessary by Apple’s unbroken success and Samsung’s catastrophic and well deserved drop in earnings.
The stock market certainly isn’t the gauge of a company’s quality. However, in this case, both are dropping together.
What massive influx of former Android switchers? Look at the data not the false claims of the Apple CEO. Androids market share has remained steady as has Apples no big climbs in Apple or fall in Androids.
The solemn fact remains that Android is the bastard child of iOS. Maybe the Neanderthal DNA won out after all.
Ignorant twat.
I would think investing in a company in decline is truly ignorant and stupid.
Listening to you would be a Master Class in truly ignorant & stupid.
But you are “listening”. You can’t quit. But you never learn. You bigotry, bias, ignorance, stupidly, delusion have poisoned your mind. Poor pathetic creature
Fred’s talking to himself again! Poor little fella.
I laugh at your puny attempt to be imaginative and intelligent.
God knows it isn’t working for you.
Fred. ha ha ha. if you only had a girlfriend. You would likely spend less time trying to bait people on a pro Mac site. As you look around at technology companies (try it sometime), point to any single company with
1. more cash on hand
2. better more refined products
3. better reputation
4. more stock held by major investment firms
5. a better path for the future
ha ha you are hilarious. You simply don’t have the intellectual capacity to do anything beyond snipe anonymously on forums like this. Why not list your real name, real email address, phone number and stand up like a man, be accountable.. show you have some proof of your claims and are willing to stand behind them? yeah.. thought so..
I think Fred’s just trolling and best ignored. On one of your points “a better path to the future” I think I’d have to say Google/Alphabet. I’m by no means a fan of the company, but I think the future as the present will be focused on massive data mining of users for advertising (brainwashing/propaganda) purposes. To Apple’s credit they claim not to do this, but I think hardware is going to bring diminishing returns as time goes on. Apple needs to up their game in software and services.
The most manipulated stock of all time. All for money by stock/wall st dreck. Getting massive wealthy on their corruption – but still dreck.
Apple is fine. No other company with a vision for the company and the tech future as Apple has.
What history will show is the ‘worst performance’ of WallNut Street as a whole. AAPL is merely the victim of a tidal wave of corruption, manipulation and outright stupid in the stock market. I have NEVER seen a stock so ready to *SPROIG* high to its justifiable value. AAPL has been outrageously suppressed in value for SOOOOO LONG that I highly expect some incredibly high valuation in 2016. There’s what I consider to be a DUH analysis from your’s truly, provided free of charge. Do some homework about AAPL compared to other tech stocks and you’ll see what I’m chattering about.
Enjoy 2016 AAPL!
As ever, a hearty FSCK -U to anonymous cowards unwilling to do anything more than HIT-&-RUN BS at MDN. That Apple Bear Bullshit behavior sadly cannot be written off as alcohol poisoning. It’s closer to real, verifiable derangement. And I’m saying that as someone who readily kicks Apple in the backside when they screw up, which that have an awful lot in 2015. But nothing remotely close to this dolt’s drivel. I’m soooo glad that such nutjobs remain a tiny minority of the posters around here.
Like I stated: Deranged BS. Go FUD yourself.
Oh and, loonTards like you have been ranting on about Tim Cook since the day Steve Jobs died. What happened to Apple’s FUTURE at that point in time: The BEST years in its history. OMFG are you stupid. Just a personal observation and opinion. 😛
Now on with the new year celebrations…
Voted for yourself, didn’t you? Anonymous turd.
If MDN would listen to its core clientele and require registration in order to post on this forum, then it would likely get rid of a substantial portion of the trolling and other crap. Sure, a few troublemakers will likely register, but the improvement in the quality of posts would be welcomed by the people who actually care about and purchase Apple products. MDN, do you think that these anonymous trolls and idiots actually follow any of your ad links?
Thanks, Derek Currie! My sentiments, exactly!
Haha! But I bet you were swinging from Tim cook’s d!ck when the stock was up at its highest in the company’s history. It’s only fair that he gets to fsck in the @ss too!
I agree with a few of your points, NOT No hope, shoddy products. I do agree with the Verge that the Apple products were released in BETA and I increasingly get frustrated that Apple moves so slowly and is missing out on producing original content and once they do they will be too far behind. Much like Apple Music and News. Both subpar interfaces and 3 years late. Apple will continue to be viewed as a phone only company until they develop streaming solutions. Where is the Netflix option? They could have bought Netflix the same time as Beats for not a lot more. The TV product is great but is unbelievable on a tone deaf that it is not 4K.
Streaming isn’t profitable and never will be.
Netflix has been showing a profit for at least five years.
…but I’m not suggesting that Apple should be in the steaming business.
What burns me is that Beats Music was a better product than Apple Music. I thought they’d keep it largely the same, but no they had to create a Frankenstein appendage to the already shoddy iTunes. I won’t be an Apple Music subscriber in the future even for $5/month as long as the interface is such crap.
As far as News it was a fail for me on day one. I deselected certain publications but was still served content by them later. I don’t need a filter that serves me Mass Media brainwashing. The sources I read most aren’t available on the app.
Translation: AAPL worst year is no such thing, read on year end revellers:
(1) hedge funds have had to pull funds out of AAPL to shore up their positions elsewhere, particularly their disasterous bets on Oil and other decimated commoditities,
(2) resulting also in the day trader lemmings following the exit door and
(3) the “actionable research” notes from Analysts at the various Financial Institutions, because they also wanted to be a part of the churn (good for transaction volume!) and ensuring their masters end of year bonuses received a boost.
Apple inc. is still the strongest company on the planet by any metric you care to measure, including Revenue, Profit, product mix, cash in the bank, customer base, global reach, supply chain, end-end integration, App Store revenue, mobile offerings, bricks and mortar store revenue per square foot, purposeful deployment of technology and services that dumb analysts simply can’t see (Apple inc. are skating to where the puck will be, which is way beyond the competition!!)
In all fairness Apple is not a strong company in the face of an inevitable economic downturn. A depression would very quickly eliminate the demand for luxury electronics. Apple has rightly earned its reputation for high quality, but does it provide products or services that are totally unique or simply preferable to far cheaper options that will still get the job done? When you’re unemployed and the welfare dries up, very few people will be stupid enough to buy a $700, unsubsidized iPhone.
Facts:
(1) iPhone was introduced in 2007
(2) Global Recession started in 2008
(3) Average Selling Price of an iPhone started above $600 globally
(4) iPhone sales just gathered pace, year after year
(5) Average Selling Price has remained above $600 for the past 8 years and in the last year went up by $100 with the introduction of the iPhone 6s/6s Plus
so, in summary, Apple Inc. weathered the global recession, maintained their ASP on the iPhone, whilst everyone else cut each others throats as they drove margins to zero
So what? A lot of investors are idiots. This isn’t surprising, and it doesn’t mean that Apple is on the way down.
Well, if stock price is a evaluation of a company’s worth then Apple’s stock devaluation is significant, and apparently, this is true because Apple fanboys can’t stop raving about Apple’s stock price and making excuses for the same. It’s laughable. It makes me giddy.
Hardly. AAPL and Apple are not indicative of each other and never have been – not since the late 90’s. It’s not Apple “fanboys” who are raving, it’s AAPL investors, and rightly so.
You’d have to be fairly ignorant not to see the pattern of what’s actually going on with AAPL. Its value has absolutely nothing to do with how well Apple is actually doing. There’s no rhyme or reason for ups and downs other than blatant manipulation.
Apple is in a financially better position today than it was back in May when they hit an all time high of 132. In fact they posted a record 3rd and 4th quarter and revenues were up almost 30% for the fiscal year; $183B to $234B. That’s $51B growth in a single year!!! That’s more than they made in 2009, just 6 years ago ($36B).
You can just hear the manic laugh as you wrote those words. The words themselves of course have been heard right from the beginning of Apple and repeated with not a shred of supporting evidence rather often in recent years by desperate fools. Yes your wishful thinking does lead to that delusion you so clearly display and over time the manic behaviour feels quite natural to you. To sum up you are an olive short of a pizza, and I doubt there is any realistic treatment available, though you can always timeshare with Fred I guess.
“Ripping off loyal Apple customers”? Given the size of the company, you do realise how many customers there are? And given how many customers there are, how much loyalty there must be (and how hard that loyalty is to establish)? And given all that, how unlikely it is that such a huge market would fall for being “ripped off”?
Wanna rethink your position?
Fred, Enough already with the “Apple fanboy” and “fanboi” shout-outs. I feel like I am in Junior a High School again. But that was, like, 45 years ago. So please find something intelligent to say, and an intelligent way to say it. Thank You.
If you compare the growth/decline rate of Apple compared to other companies in the same field, everyone is on the same trend. This is just a typical market, and there’s really nothing to be afraid of.
Innovation takes time, and I would rather Apple be patient with their product lineup as opposed to constantly chucking out new stuff all the time.
Contrary to popular, and somewhat biased belief, Apple’s been doing rather well.
And pay no attention to the rest of the stock market collapse.