“Apple Inc. shares continued to take a pounding for a second straight day Wednesday, with investors and some industry analysts expressing disappointment with Apple’s latest announcements at the annual Macworld Expo,” Rex Crum reports for MarketWatch.
“Apple’s stock cut its losses, but was still down by $7.47, or 4.4%, to trade at $161.66 in afternoon action, adding to the previous session’s losses in which the stock gave up more than 5%,” Crum reports. “Part of the reason for the decline was attributed to concerns about Intel Corp.’s disappointing outlook, as Apple exclusively uses Intel processors in its line of Macintosh PCs.”
“‘Investors were underwhelmed, possibly on unrealistic iPhone speculation and the lack of a killer product similar to the iPhone launch,’ Mike Abramsky of RBC Capital Markets said. ‘But [it was] mostly general market pressure.” Abramsky has an outperform rating and $215 price target on Apple’s stock,” Crum reports.
Full article here.
Overall market regained early losses, way back in black. But, not AAPL…
Time for Steve to put on tie and coat. Serious investors are looking for a serious business opportunity – not gimmicky gadgets with short term shelf life.
Let the traders sell. I am liking the pullback to add more AAPL to my portfolio.
Apple would have hung the moon if they had released the new Mac Pro’s yesterday instead of last week. People forget soooo quickly. Watch the keynote and you will see just how awesome the Macbook Air is. Will M$ give me permission to say “WOW”??
Just what if the same expectations applied to any other company on the planet?
You got the world changed again yesterday, and you people are sitting around cry’in about it yet again. Bunch ‘o spoiled rotten olive juice drinkers.
What will the cryers say on the 22nd, when quarterly results go thru yet another even higher ceiling?
Beyond me what they were expecting from Apple that was to be so killer.
iPhone is killing, Leopard is killing, iPods are killing, iTunes is killing, Macbooks are killing.
Apple in general is blowing up.
Some commentators are criticizing Apple for coming out with TOO many new products too soon, wonder if it will have a negative impact on consumer’ buying habits; others criticizing because Apple isn’t coming out with a a game changer every 6 months.
They need to understand that Apple isn’t just changing the game, it’s writing the rules now.
“Yes, but what have you done for me lately? As in this afternoon?”
It’s a game. It has nothing to do with reality.
I appreciate some of the thinking one encounters here. The voices of reason pushing back against the “OMG the stock price” crowd, and the bozos expecting alien-grade technology every few months.
What other company does as well?
Or even close?
Each product success will allow apple to gain further OS marketshare and eventually total world domination….and I will have a larger bank account…
Coat and tie?!? Gimmicky gagdets?!? Are you nuts?
Told ya, concerns and disappointments.
BUY, BUY, BUY. Before the market comes to its senses and the stock skyrockets. !!!!!!
en
I see this as another buying opportunity.
I see it dropping to $155 over the next week, and then a nice surge forward at the end of the month when earnings and so forth are announced.
Wait, Apple’s stock is taking a beating, but after that crap fest that was CES, none of those other companies got hit? Most of them were showing things that were either concepts, or shipping sometime this year. Or Microsoft, which didn’t announce anything.
I’m happy with MacWorld. New software for my iPhone, and AppleTV. Cool new notebook that will make some people happy. Movie rentals that are on par with PayPerView costs, plus you can download it to your iPod if you wanted to.
I don’t see anything bad here. True, the fabled MacBookTouch didn’t happen, but, the first steps are there (ie gesters on the MacBook Air).
<i>”Coat and tie?!? Gimmicky gagdets?!? Are you nuts?”<i>
Yeah, everyone is NUTS except for you Ultra Fanboys and Girls… Who wants reasonably priced equipment with lots of features? Give us overpriced “sexy, gorgeous, and elegant” computers…
Earth to Fanboys – after you get past the 8% of the Apple drollers, you have to start making reasonably priced functional computers. I want something that works and has lots of features at a fair price. I (and most of the world) could care less if it’s “elegant”…. IT’S A COMPUTER, not a fashion model….
The Macbook Air is fine… Price is at $799. That’s about all it’s worth…
Seriously, we go through this after every macworld. For some reason when Apple unveils a cool new app or gadget the stock tanks. Even after the release of the iPhone the stock dropped. I really don’t understand why people freak out after MW.
” I want something that works and has lots of features at a fair price.”
Get a MacBook Pro and stop whining.
The real shame is Apple could announce record profits, record sales and the cure for cancer – if their guidance for the next quarter is lower than expected by the so called analysts, the stock will go down. It’s really sad but that’s what it does.
I’m not sure if I’m supposed to plug other web sites here but the Apple Finance Board at this site does really good AAPL analysis:
http://www.macobserver.com/forums/viewforum.php?f=7
Good luck, I think I’ll hold my stock after buying AAPL at $9
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Man, you stink just like a shoeman!
I hope this puppy sells like hot cakes, but I doubt it will.
I was part of the potential market, and I am not interested in the Air. Too big, and possible, dare I say, ugly |-:
That being said, all the things that drove AAPL up (iPhone sales, killer iMac/MB lineup, 10.5, iTunes) are all still there and racking in money.
And now Apple TV is getting viable and we Apple is behind it.
AAPL will be back up in no time.
My broker talks me out of this every time. I suggest that history suggests that I sell some stock just before MacWorld and buy back afterwords. He ALWAYS talks me out of it. Mind you, he’s right the rest of the time.
Centris:
Seriously, we go through this after every macworld. For some reason when Apple unveils a cool new app or gadget the stock tanks. Even after the release of the iPhone the stock dropped. I really don’t understand why people freak out after MW.
Thanks, Yep. You’ve made me $1 CDN.
“The Macbook Air is fine… Price is at $799. That’s about all it’s worth”
Nope…. Yep
@January 24, 1984
“and the bozos expecting alien-grade technology every few months.”
Exactly. They forget that Apple has that little thing called the “Prime Directive” to worry about.
The article proves the absolute crushing stupidity of the Wall Street anal-ists and their supporting cast of pundits. So much in this article is kaka, but let us address only one point — that Intel’s problems mean Apple has a problem and should sink with Intel.
You see, Intel makes chips, but because the failure of Vista, the market could not support the heavy volume of supply that was readied for the Vista rollout. So the selling price of these chips has dropped.
How in the fscking hell does that cause a problem for Apple? By raising Apple’s margins to the stratosphere, perhaps? By forcing huge earnings onto Apple’s bottom line? Wow, what a problem for Apple!
I’d be looking at the next few days as a buying opportunity.
because all manner of hell is going to ensue:
Apple plans to host a webcast discussing first quarter financial results on January 22, 2008 at 2:00 p.m. PST / 5:00 p.m. EST.
This is what investors are waiting for with bated breath.