“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.
Likely a reason other then the noted lack of “wow” added features is this:
The Exchange connectivity still needs work and has a number of issues. THAT is why it’s delayed. Apple picked the wrong company to get in bed with. ActiveSync is crap and they will drag Apple down with its sporadic operation. Maybe we’ll see 1 or 2 more builds but to date there are some major things not working 100%.
Don’t be surpised if once released there is a * noting all the issues with Exchange support
Why in the world does no one else see this??
I have been making money off this apple roller coaster for years
its always the same story… no one beleives apple can do it.. apple does it.. up and down up and down… is everyone BLIND?
Take your silly political opinions out of here–this is a Mac site. BTW, why do guys like you always have to exaggerate? According to the data so far, the economy is clearly in a slowdown, NOT a recession. Isn’t that bad enough? Why not call it the greatest economic depression in the history of the multiverse?!?!
Dolt.
Jake
“And a bath.”
Nurse leave you face down for too long?
@@Ampar
Oh! How fabulous, you like sex and traveling, excellent!
Now fsck off!
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To SKY LARK:
NICE ! ! !
Did you forget your meds this morning? Or take a double dose? It has to be one of the two.
There’s a serial troller on this thread and under a few of the other recent articles. Of course, many trolls have come and gone over the years. Since they are addicted to trolling and posters invariably keep feeding them, it must be life-changing circumstances that move them on (Sputnik, anyone?).
@SKY LARK, Ha, ha., Uh, Oh., Afib, Alternate Explanations, We have a Winner, Hey, Shado Control, Hey, Ampar!, Snow Job Leopard, Cognitive Dissonance Abounds, Mac OS X Leopard SP1 (Snow Job) and a few other names is the same lonely poster desperate for attention. His use of “fanboi” ad nauseum is an obvious clue. Like a drug addict, he’s only here because he gets a rush from angering Mac fans. He gets his fix when you respond.
You’ll see this phenomenom all over the web. These trolls usually have minimal or no interest in the topic. Why else would someone be insulting and arrogant when it’s entirely unnecessary and out of context to the post? They get a rush from the illusion of control. They are empowered by the cloak of anonymity since first-hand human contact and personal responsibility are unnecessary (and possibly difficult or painful).
And like baiting a hook and casting a line, they are also compulsively repetitive and predictable.
OFF TOPIC POLITICAL BACK SLAP!
Jake sez:
“Take your silly political opinions out of here–this is a Mac site. BTW, why do guys like you always have to exaggerate? According to the data so far, the economy is clearly in a slowdown, NOT a recession. Isn’t that bad enough? Why not call it the greatest economic depression in the history of the multiverse?!?!”
That’s familiar. Say something often enough and emphatically enough, and someone might actually believe you. It’s another ancient propaganda technique very popular with the Neo-Con-Jobs, including Sean Hannity, Rush Limbaugh…. Ditto-heads eat it up. Little do they know that it induces gas, as evident in Jake’s rant.
Point: Learn some economics. A ‘slowdown’ is a smiley happy friendly elusive evasive deceptive guileful way of saying RECESSION. To recede is to move back, retreat, withdraw. Therefore, if something is slowing down, it is receding from its previous speed. It’s that simple. Don’t get conned by the Neo-Con-Jobs.
Oh, and for fun: Look up ‘Obama-Cons’. These are the real, honest, factually conservative voters who are tired of having to grab barf bags every time the Bush League / Kristol Kult of Krazies / Neo-Con-Jobs pull one of their boner moves and damage the USA in the process. The Obama-Cons are so desperate to see the scum currently leading the Republicrap party thrown out on the street that they are deliberately voting for Obama.
Now if only there was an honest, actual Republican to vote for who could clean out the Neo-Con-Job scum as well as the status quo Democrap scum who IMHO are hand in glove with the Republicrap scum.
Naughty naughty William Kristol! You and everyone in your Project for the New American Century cult of idiocy are now the pariahs of Washington. Darn! How did that happen?
:-Q***********
It’s simply the speculative nature of the stock market… where the economic reality of being profitable, or not, really has nothing to do with the worthiness, or not, of any particular company’s stock.
If I wanted to waste money speculating, rather than go to Wall Street, I’d go to Las Vegas. At least Vegas has some entertaining shows… and the food is better.
The stock market is like a feather on the wind. It goes sideways, it goes down, it goes up, (and inflation gives it a deceptive upwards slant). Sometimes it races ahead of inflation, sometimes it lags, rarely does it keep a balanced pace. It’s a good inflation hedge; like real estate in a well-managed country. But you must let the market time the ins and outs for you lest you need the money at the wrong time.
Analysts must come up with a reason for every up and down, but it’s usually meaningless – fundamental changes excepted. No one can predict the market though some cannot predict it worse than others.
When a big investor takes a bath in the market, sometimes he needs to take some profits too for window dressing or just so he can sleep better. The “hammering” may be nothing more than that.
maybe that the missing new macs, a range of iPhones, and a free .mac/mobilewhatever had an impact to ?
this WWDC was rubbish, absolutely nothing new, the iPhone is very slowly becoming what it should be, i’m still waiting for a real iChat app, google earth, and at least 10 new ways to integrate a phone with a computer, that only require a few days of coding.
(taking prefs and docs with you, iChat integration with the iPhone when u are home, a remote, backup etc etc etc)
I have visited the usa many times,I served with the us army green berets in vietnam and have aleays found them to be very generous and hard working
“A ‘slowdown’ is a smiley happy friendly elusive evasive deceptive guileful way of saying RECESSION. “
Actually recession by any commonly used definition requires at least two quarters of negative growth. Learn even the first thing about economics before spouting off about it or claiming knowledge.
“It’s simply the speculative nature of the stock market… where the economic reality of being profitable, or not, really has nothing to do with the worthiness, or not, of any particular company’s stock. “
Actually it’s been shown that over the long term the stock market gets it right on company valuations. Generally stock prices fairly reflect company value. Sure you have some overvaluation like Apple, where people are overly optimistic about the company’s potential to make money, but that will correct itself.
Steve actualy looks the way people are supposed to look. It’s the fatties who are the problem.
Still more OFF TOPIC political slap back!
Generic Human using the stoopid nick of ‘@derekcurrie’ sez:
“Actually recession by any commonly used definition requires at least two quarters of negative growth. Learn even the first thing about economics before spouting off about it or claiming knowledge.”
Please sew your own lame lips together. I stand correct. By any sane judgement we have been in a recession since January. Only squinky economists (look great on paper, are actually idiots) have another opinion. Generic Human, you sound an awful lot like one of the Neo-Con-Jobs who have been ravaging my country for the last 7.5 years. Get lost, like forever please.
BTW folks: Is there still anyone out there who believes the 401K is a viable means of saving for retirement? If so, why? Witness if you will the fact that the stock market is right back where it started when the Bush League started gouging us with their vulture talons. And the Bush Bozo dolts wanted us to put social security money into 401K plans. Great. Happy retirement.
“Is there still anyone out there who believes the 401K is a viable means of saving for retirement? “
Is there anyone who believes there’s a better way? Over the decades (even with the great depression included) it’s proven to be one of the the best places to put your money.
You seem just dumb enough to buy into the idea of paying the government now for your retirement in the hope that they’ll give you some money someone else pays in later, or not, depending on how they feel and how much money is coming in.
The great thing about Naive little liberals like you is eventually they begin to understand money and markets a bit better and grow up into fiscal conservatives.
Funny thing in, analysts are saying good buying opportunity for people to jump onboard to what everyone KNOWS will be a killer quarter and beyond, yet still it drops.
Sadly the market seems ruled by speculators, megafunds, and day traders far more than corporate performance…
“Sadly the market seems ruled by speculators, megafunds, and day traders far more than corporate performance…”
Actually research shows just the opposite, that it is ruled by company fundamentals in the long term.
Anyone with half a brain can run the numbers and see that Apple is priced to perfection and is already expected to turn in fantastic performances every year for the next decade.
That’s why, kiddies, Apple may be a great company and do very well, but still drop because it didn’t meet the even higher expectations required to sustain it’s price.
“Nurse leave you face down for too long?”
On the positive side, Ampar’s parents probably got a good settlement from the hospital. That’s no real compensation for having to live with a severely retarded child, but it’s better then no money.
” it’s better then no money.”
They would have been able to fix up the double wide real nice. And buy poor little Ampar a Mac.
Speaking of retarded, the word is deprivation.
“better then no money”
Than, not then.
Illiterate shit for brains.
Off Topic Off Topic Off Topic
Generic Human sez re the 401K scam:
“Is there anyone who believes there’s a better way?”
If anyone had invested in bonds at the start of the Bush League reign they would have actually have made money. Anyone with a 401K at the start of the Bush League reign, as of today, would actually have lost money. So yeah. There are lots of better ways in this economic climate.
“Over the decades (even with the great depression included) it’s proven to be one of the the best places to put your money.”
…says the sock puppet. Heard that one for decades myself. Sad to say it turned to utter rubbish over this past decade. Once upon a time the stock market dependably grew despite the usual dips. These days I think only, as you say, someone who is ‘dumb’ or ‘Naive’ or a hypnotized ‘fiscal conservative’ would believe that the US stock market has much of a future. The ruination voted twice into the White House has its consequences. Thank yourself.
“You seem just dumb enough to buy into the idea of paying the government now for your retirement in the hope that they’ll give you some money someone else pays in later, or not, depending on how they feel and how much money is coming in.”
You seem to be off in cloud-cuckoo-land. Your inferences are non sequitur and unfounded. Oh look. Here comes another:
“The great thing about Naive little liberals like you is eventually they begin to understand money and markets a bit better and grow up into fiscal conservatives.”
Since when does one have to be a liberal to be intelligent? Since when does being intelligent have ANYTHING to do with your little two-dimensional world of liberals versus conservatives?
Ditto-heads. Put me to sleep. We all get our day of perspective. Imagine what their’s will be like…
Here is the greatest curse one can wish upon a fool:
May you remember today when it is your time to understand.
Here is the greatest blessing you can wish up on a fool:
Know that I am fine. I forgive you.
Wow. This one degenerated quickly. Awesome!
Thanks for the laughs!
“Sad to say it turned to utter rubbish over this past decade.”
In terms of retirement, a decade isn’t a very long term view.
Go on, invest in bonds. Use them to buy a nice new double wide trailer to retire in while those who invested in the market for 40+ years get you to polish their yachts to help supplement your government paid social security. Ha Ha Ha.