“Apple Computer Inc. shares fell [today] after CIBC World Markets analyst Ittal Kidron said he believes the company’s anticipated iPhone product will come out in either the late first quarter or early second quarter of 2007,” Rex Crum reports for MarketWatch.
Apple shares are currently off $2.60, or -2.89%, to stand at $87.23.
Full article here.
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Pure FUD on a product that doesn’t even exist.
I see now that speculation about speculation causes stock prices to fall.
Ha! Who says Canada doesn’t wield any economic power!
Always interesting that rumours concerning unannounced products can have these kinds of effects on the stock market.
I like how their shares fall due to a rumor, that a rumored product may be delayed. Neither ‘rumors’ are confirmed. HAHAHAHAHAAH Idiots.
A “rumored” delayed release of the “rumored” iPhone. Brilliant!
See how full of bull “market analysts” are?
Rex, share price was already down today, as part of a general down-day on the NASDAQ.
Something had to put a hold on their TIRAID!
now maybe I can afford some freakin shares!
I like how in the time it took me to type that comment, three other people typed similar things.
whats so funny about this?
The stock went up on speculation (intelligent guesses) and if that speculation does not pan out the price should fall. You are the idiots!!
rumor,
Did you really say that?? “The stock went up on speculation (intelligent guesses) and if that speculation does not pan out the price should fall. You are the idiots!!
People want Apple to do something. Based upon random wild guesses by people all trying to out do each other, more speculation grows.
Then someone specualtes that the prior speculation about certain best guesses (ie speculation) may be delayed (not canceled). And that is the reason for a price, which bobs like an apple in rough seas, goes up or down???????
Just pure speculation, I say. : -)
N.
I turned on my proximity switch and guess what, there is no iPhone in the Apple labs, not even something that comes close to an iPhone. But… I see something that puts an end to telephony as we know it.
oh, forget it, I came to close to a reality distortion field…
Historical note:
My initial foray into the stock market came in the mid-80’s when a relatively small company named Microsoft failed to release “Word 4.0” as scheduled. My broker at that time was president of our local Mac Users Group (MUG), but he convinced me that when the product DID actually ship, the stock would explode.
It did . . . and it did.
And today I placed an order for 100 shares of AAPL at $85.
If there is no iphone does it seem reasonable for Apple to not squash the rumors? Perhaps. If there is no iphone, it may be to misdirect competitors while Apple is putting the finishing touches on a new gem that hasn’t even been speculated on. Or perhaps the rumor mongering is all a part of a brilliant word of mouth viral marketing campaign. I can speculate too. I think mine are more factual than the “profesional analysts.”
The Canadian Imperial Bank of Commerce (CIBC) analyst Ittal Kidron
is correct.
Apple is already months behind in it’s ( <–
” width=”19″ height=”19″ alt=”wink” style=”border:0;” /> planned release of
an iPhone.
Apple stock will go down and continue to drift lower until the company
catches up on its timetable and manages to release a working iPhone.
Analysts know the market. And investors have no patience for delayed
products.
Ittal Kidron knows that Apple is daring the ire of investors, analysts, and
the market by delaying this product — on which Apple’s financial future
and stock price crucially depend.
I bet an analyst soon will reveal the markets’ view that Apple’s Board is
not pleased with the delay of the Apple iPhone and that if something is
not done to correct this situation fairly soon Steve Job might be asked
to leave Apple in 2007.
Example: You take a train with no schedule… and then you sue the train company because the train is “too late”. Right.
So our “beloved” analysts did it again. Same procedure as every year?
Same procedure as every year, Mister Steve…
First push it, then cash out followed by “bad news” about “delayed products”.
I am feeling like having a dejavu once every couple of weeks.
FYI: Part of the definition of a stock market is SPECULATION. Stock prices are based on PERCEIVED FUTURE PERFORMANCE.
Having said that, Apple is treated differently than most other companies by customers, employees, journalists, investors and analysts.
Canadian Analyst, omg you are a fool. Jobs will not be asked to “leave” as you say. There is no one to replace him. When he does leave it’s time to sell all your stock.
Correction: Just checked my records, and in the interests of accuracy, it was Word 2.0 that failed to ship on time (actually, EVER) in the mid-80’s, not 4.0.
(One’s memory is always the SECOND thing to go.)
Stock markets are pure insanity. There’s nothing rational about them. A bunch of chimps acting like chimps, that’s what the whole mess is.
Oops. I think I just insulted chimps.
Stock speculation should have some kind of limits. I’m all for capitalism, but this irrational stuff freaks the hell out of me.
The stock had overheated from all the recent news and bee-ess.
It’s correcting. No worries. It will go higher.
In the article, Ittall Kidron admits that “… the design of the iPhone is still not known”. Can we have a round of applause for him as he’s actually managed to get one whole fact into his report. Perhaps he could now explain when the release date was made known, or has he simply been listening to the analysts ?
He should know better than most how analysts say things without any facts to back up their assertions.
He goes on to say “… it’s difficult to asses the potential impact of the iPhone on the handset [manufacturing] community.”
Now let’s analyse what the analyst has said. First of all the design is not known, but known to be compelling. The release date is also unknown, but known to be late. The possible impact on other mobile handset manufacturers is unclear, but he can tell you how it’s going to affect Apple.
You couldn’t make up crap like that …… unless you were an analyst.
Canadian Analyst: I once knew an analyst, and you, sir are NO analyst. You are, in fact, retarded.
Steve Jobs has survived many a storm worse than the slight delay of a product he hasn’t even announced yet. He’s also singularly credited by REAL analysts everywhere for the success of Apple Computer. So yeah, let’s FIRE him.
Good one, Goober. (Or Michael Dell, or Steve Ballmer, or whoever you are.)
Ha! Who says Canada doesn’t wield any economic power!
—
I know.. this is MDN, you’re not supposed to know anything about the world.. but this is funny…
The US is zillions of dollars in debt spending billions more on Vietnam 2.0, their dollar is utter shit, they’re getting smacked around by China in every possible industry, and… oh… what’s this.. Canada doesn’t wield any power?
Pffft.. You WISH you had Canada’s ‘problems’
Watch out, mike (little “m”), your penis envy is showing. Just remember, little guy, there are more people in the Los Angeles basin than in your entire country. Our “shitty” dollar can turn on a dime–and will–when we finally resolve VietNam 2.0, and at that point, addled sir, YOUR dollar will revert to its 50¢ status as it always has.
Eh?
There used to be a popular saying about our neighbor to the south: “Poor Mexico: so far from Heaven, and so near to the USA.”
The same can be said of Canada, methinks.