“Apple’s stock fell to $400 per share, hovering near that level in midday trading Monday following a pair of analyst reports that cast renewed doubts about the company’s growth,” Chris O’Brien reports for The Los Angeles Times.
“Trip Chowdhry, an analyst at Global Equities Research, also said Apple Inc. employees are expressing concern about the company’s direction and are leaving to work for rivals such as Google Inc. and Facebook Inc.,” O’Brien reports. “‘Lower Stock price is causing Apple to continue to lose employees to Google, LinkedIn. FaceBook and HP,’ he wrote. ‘Employee morale at Apple is low.'”
O’Brien reports, “Peter Misek, an analyst at Jefferies & Co., reported that merchants have increased inventories of iPhones, a sign that sales are slower than expected.”
Read more in the full article here.
“Apple, the world’s most valuable technology company, fell 2.7 percent to $402.54 at the close in New York, after earlier dropping as low as $398.05,” Adam Satariano reports for Bloomberg. “The shares have declined 24 percent this year, compared with a 10 percent gain in the Standard & Poor’s 500 Index.”
“Other than a new MacBook Air laptop, Apple hasn’t had a new product go on sale since last year, leaving investors and customers awaiting the release of a new iPhone and iPad, which may arrive later this year,” Satariano reports. “Apple’s profit fell for the first time in a decade in the most recent quarter, and analysts predict the slump will continue in the current period.”
Read more in the full article here.
MacDailyNews Take: FUD.
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Apple is dead or something – June 24, 2013
Apple tumbles below $400 – June 24, 2013
Without vision the people perish, or as GW Bush used to put it- “oh, the vision thing”.
1-Apple has no coherent idea of what it wants to be other than a cash cow for the Wall Street crowd.
2-iOS 7 looks like the shiteous bastard child of a drunken hook up between Windows Phone and Android.
3-Apple has given up on the Pro markets that sustained the company through the lean and dark years in both HW and SW.
4-Apple now spends more on legal than on R&D.
And the trolling gets less and less original.
Bravo Kent! Some on this forum advocate “relaxation”, is chanting and reading holy books preferred in their households? be aware of the “relaxed” types, they ” love” to use our technology
Apple has not released a new product since last year (the better battery in the Air is so laughably NOT a new product) and has no plans to release anything until September, at the earliest. And what they plan to release in the fall is a modest ho-hum upgrade of the iPhone 5, which was a tiny upgrade to the 4S, which was a small bump upgrade to the 4. I have been on MDN every week trying to alert people to the decline in enthusiasm this unexciting release pattern has generated but I get called out for being a hater or a troll. No, I’m not. I’ve owned Apple products for over a decade now and this last three year period has seen a decline in bold vision and excitement. Ignore and invest now at your peril. I believe when the iPhone 5s comes out, and everyone realizes it’s an unexciting marginal upgrade, the stock will go down even further. $400 will feel like a dream in October after Cook announces the “new” phone. iCal me.