“After a bit of a bump following CEO Steve Jobs’ keynote address at Apple’s developer conference, the company’s stock has been taking a beating. It was down almost 4 percent on Thursday. On Friday morning, it’s still heading lower,” David Morgenstern writes for ZDNet. “What is up?”
MacDailyNews Take: Not AAPL, that’s the problem.
Morgenstern writes, “It’s a bit bewildering, especially with the seemingly upbeat news from WWDC. However, it shows that there are at least two sides to any announcement.”
Morgenstern’s list of the “culprits” or at least ones that he sees:
• Jobs looked thin
• Disappointments in iPhone hardware features
• iPhone price drop
• iPhone competition
• Disappointments over waiting (until July 11)
Full article here.
That first bullet point comprises about 95% of the answer to the headline.
MDN is dead on. Apple is a one-man show… Steve goes… and all bets are off.
I suspect there are more than a few analysts who decided that Apple’s future looks very bright and wanted in on the action at a lower price point.
Peace.
What Bullshit…
The moral of the story is to always eat an entire bucket of KFC before you go on stage. Jobs forgot this time and it cost investors millions! I can’t stress this enough people.
Next year at the Mac World Expo, Jobs’s only recourse to get this now stagnant company and a feature emaciated OS 10.6 back on track is to devour an entire elk carcass on stage.
” width=”19″ height=”19″ alt=”snake” style=”border:0;” />
Cat’s and dog’s living together. Mass hysteria!
Not quite; AAPL may be perceived as a one-man show; Apple definitely isn’t. Jobs has surrounded himself with great talent who share his vision. Furthermore, for at least next three years, they just need to continue executing along the mapped road and they’ll grow at the same pace.
The street always takes time to digest reality before stopping panic. Whatever may be the cause for the current panic, it is bound to be short-lived.
Wall street is always interested in “what have you done for me today”. For example do you think anyone on the street is looking at all the new iPhones that are going to be sold that could translate into new Mac sales? There are sure to be a lot of people who are going to get new Mac’s when they see how well the iPhone and Mobile Me work on a Mac compared to a Windows PC
Reasons why Microsoft stock has not moved in years—-
• Ballmer looks bald.
• Disappointments in Microsoft Vista features
• Vista price drop
• Vista competition (anything or nothing special. )
• Disappointments over Vista (until July 11…….. 2011 !!!!!!)
Am I close????
” width=”19″ height=”19″ alt=”grin” style=”border:0;” />
en
I think it is all about Steve. Is he thin on purpose or is his pancreas failing? We all deserve to know.
Folks, it’s proof that the previous posting about Steve Jobs by MDN is absolutely right! That Apple stock has declined this week has absolutely nothing to do with any attempts by hedge funds or short sellers to hammer the stock. And of course, no hedge fund, short seller, not to mention any PR or marketing representatives, paid pundits, writers for C|Net Web sites or publications, James Cramer and his affiliates, or representatives of companies that include, but are not limited to, Microsoft, RIM, Nokia, Verizon, Dell, Lenovo, HP or others would EVER whisper anything doubtful about the health of Steve Jobs, or of any shortcomings perceived or real about the iPhone.
Let’s face it: the market acts on its own. There is no evidence of any background manipulation, negative PR campaigns, whisper campaigns, influencing of journalists or bloggers by any third party. Everyone in business behaves under a strict code of ethics, and would NEVER stoop to trying to undermine a company’s stock valuation by dirty tricks, FUD, lies or any sort of malfeasance. That would be unethical. All of the above mentioned names are hard working, scrupulous and abide by the highest ethical standards in accordance with the laws.
Conclusion: Apple had it coming. Steve Jobs is thin because he has sinned. The iPhone is a failure. Apple is doomed. Windows and RIM are perfect and superior in every way, and you must heed their every command. Sell all your Apple stock now. You are a miserable failure. And all of the above mentioned names are right. You’re wrong.
That just about explains it all. Did I miss anything?
its like everything else when ur down your ok when ur up they try to pull u down good apple bad apple u cant please everyone all he time
Some idiot even titled his blog “S…J.. deathwatch” What a moron.
If you watched the intraday trading on Monday, when the July 11 was announced the stock plummeted. I was sorely disappointed because I need a phone now but I thought it was interesting seeing that drop right as he announced the July 11 date.
MW: Ballmer has no “hair”
AAPL typically drops after a major announcement like WWDC or Macworld. What happened here is that people bought AAPL going up to WWDC, and then nothing was announced that wasn’t basically already known or a given.
Apple, as it has typically done at WWDC, updated developers on software tools, announced an expected new hardware (iPhone), and had no major surprises. Not surprising to those of us who follow Apple, but many others assumed there would be “One more thing”.
BTW: When was the last time Steve did the, “One more thing”?
There was no iPhone price drop.
Before July 11: $400 + 24x$20 = $880 over 2 years
After July 11: $200 + 24x$30 = $920 over 2 years.
That’s a $40 price increase.
Mac boosters are always trying to claim (and MDN has espoused here many times) that “cheap” Dell PCs aren’t actually cheaper because you have to take into account TCO and equivalence.
What bothers me is not the increase (there are additional features), but rather how it’s been disguised as a price drop and the Mac faithful’s herd approval of it.
Stop calling it a price drop, at least.
I personally don’t think Steve Jobs is seriously ill. Maybe I am in denial, but if the next time we see him, on stage, or at a press conference, and he is even thinner, there will definitely be something wrong.
” width=”19″ height=”19″ alt=”shut eye” style=”border:0;” />
I have a feeling the main reason Jobs didn’t do the entire presentation himself was because he was royally pissed off that the manufacturing wasn’t able to ramp up fast enough for an immediate availability. He was mad as hell at many people out there and that has also showed – his enthusiasm during the presentation was somewhat subdued, compared to previous events.
Nothing to do with health, and possibly everything to do with the stock dive (not much of a dive, actually; 8% is more like dipping your foot…).
Think about it – what is the worst thing that could happen to Apple?
Did the WWDC give rise to the possibility of the worst?
it’s the economy, stupid!
MDN Magic Word: WANT; put whatever you like with that
@richard A Tell
Q: What is the worst thing that could happen to Apple?
A: Electronic Devices are banned by all major religions including Scientologists. That would really suck.
Q: Did we see signs of that at WWDC?
A: Not really. Chairs raining down in Redmond is only a religious sign during the month of August. Even then that only applies to Calvinists and Vikings.
Maybe Jobs should stuff his face with shit all day long like Tim Russert – oh, wait, then his heart would have already exploded and he’d be dead, too.
Except for Jobs and a few athletes, you filthy Americans are all a bunch of stupid, overeating, unhealthy, fat fucks.
A. Steve Jobs is the pulse of the company.
B. The iPhone is not cheaper, simply financed, and in the end MORE EXPENSIVE.
C. Apple has gone out of it’s way to hamper efforts to unlock the iPhone by discontinuing online sales and activation. Those in the know realize this was one of the biggest reasons many bought them.
D. Nothing happened at WWDC that wasn’t expected.
E. Steve outlined a “stay the course” trend for Leopard. Unseen quality is always a poor seller as it is largely in the buyer’s eye.
” . . . you filthy Americans are all a bunch of stupid, overeating, unhealthy, fat fucks.”
We’re not filthy.
Steve, for Christs sake, go down to the corner pizza shop in Palo Alto and feast till they have to carry you out in a wheel barrow.
Not to be rude, but how many of you that have commented own any AAPL? I would bet that not 10% of you do. Though AAPL has gone against the overall market trend up to WWDC it seems to be adjusting after the iPhone announcement has been made. If you think Mr. Jobs didn’t plan the July 11th sale date, you lack confidence in the man and should be ashamed of yourself for even browsing MDN let alone commenting. My guess is that he wants to wait until gas prices subside after the annual rise around the 4th of July holiday. If you look at AAPL (and the market in general) it has been highly dictated by the price of crude.
Now, go buy some AAPL, buy more AAPL, and hold it ’till your grand kids are in college!