“Apple (AAPL) shares were still trading Wednesday – but investors might wish they weren’t,” Matt Krantz reports for USA Today.
“Shares of the gadget maker closed down $3.12, or 2.5% to $122.57 amid a volatile day on the market – continuing what’s been a brutal period for the stock,” Krantz reports. “Shares have slid nearly 9% from their all-time high of $134.54 set on April 28.”
Krantz reports, “Apple stock continues to suffer as investors worry about slowing profit growth in the second half of the year and reports of weak Apple Watch sales.”
MacDailyNews Take: Ooh, “worry.” And ginned-up FUD. Let’s all panic! Puleeze. Thanks for the annual summer Apple sale, dummies!
Krantz reports, “The decline in the stock since the high has erased $69 billion in market value.”
Read more in the full article here.
MacDailyNews Take: Once again, this too shall pass.
Since I am in for the long haul, I do not mind this ‘fearful’ dip in the stock price. I am just waiting for it to bottom out (hope it goes a little lower) and then I have a little pile of $$$ waiting to buy more stock.
Just waiting for some jerk-off (Kent are you there?) to start blaming this all on those liberal, leftist commie pinko fags in the White house rather than Greece and China.
Blame it on Tim Cook.
Everything he touches turns to shit.
The Apple Watch is the worst product of all time.
The new Macbook is an embarrassment.
Apple music is just another streaming service that you have to pay for, amongst (much better and free) comparable services!
Kent is that you or is it another empty headed trollboy?
after reading that I consoled myself and peeked at the million bucks in my bank account that I made in Apple stock since people like yourself laughed saying things like “Blackberry will kill the toy iPhone” …
Wow, it’s trolla-pallooza here with a total non-story. Hold the press! Apple stock goes sown a couple ticks every now and then amongst global financial cluster-fsckery? Puhleaze…Buy some more and hold…
MDN_Fanboys_Suck… what a profoundly pathetic life you must have!
Think of the worst tv show you know. Now go binge watch it. Then repeat. And again. That would be a better use of your time.
And I thought installing Flash again all day was bad.
Buy when there is blood in the streets…..AAPL at $122 is a gift…..ladder into additions into your positions……remember Greece is either in or out Sunday…….China will turn around soon……and remember that the iPhone is a must have item at all cost in China…….nobody sees the car you drive, the ramen noodles you had for dinner, or the knock off label on your suit……BUT, when you pull out your iPhone 6 you become part of the ‘cool kids” crowd in China and elsewhere….
I’m jus sayin……..
and yes I put my money where my mouth is…..$$$$$$$$$
The only thing you know about investing is what you read. Get back down into the basement.
It would be worrisome if Apple was the only stock dropping, but the fact of the matter is the ENTIRE stock market is dropping together as a whole. It’s obvious to anyone with half a brain that it’s a market correction, which happens all the time, and not a reflection on Apple stock itself. When they announce another record quarter in a few weeks, the stock will go back up. But, then no one would click on a link that says, “Hey, the whole stock market is down.”
. . . but, but, you get more clicks if you put Apple in the headline. (and as often as possible in the story)
He was sure Apple was doomed last September when the share price was around $98. Listen to this know nothing asshole and lose your ass:
http://americasmarkets.usatoday.com/2014/09/03/22b-gone-gravity-hits-apple-at-100-a-share/
Apple music artist are paid somehow.
I stopped reading at “the gadget maker”.
That was a very good Place to stop. This must be a paid writer because he is perfectly ignorant of the facts of Apple’s progress. Like it was at $110 in January . The drop was market related, not our concern.
So I stopped reading after “I stopped reading after….”
If you stopped reading you’d have no reason to comment.
Liar.
You obviously don’t quite understand the figure of speech. Obviously, he didn’t literally stop reading. Just like his pants aren’t literally burning. Nor would they be, had he been caught in an actual lie.
It’s a perfectly valid reason to stop reading what an analyst says. If I’m an investor I should probably know a little something about the company and their products. Referring to Apple as a “gadget maker” demonstrates that this person knows very little about the products and the users of those products.
The above mentioned comment is an opinion on what he/she thinks of the analyst; that there’s no reason to listen to what this person is saying.
on a day when the entire market dips, only fools focus on an aapl specific reason why aapl dipped.
Long-term Apple shareholder and not too concerned about the recent slide but Apple’s share movement puzzles the hell out of me. If investors are really worried about Apple’s growth then there’s nothing that can be done about it. I don’t know how much Apple can grow but the company is going to continue piling up revenue and profits. However, Wall Street doesn’t think those things are important anymore.
I’ll keep holding my Apple stock and eventually Apple may find a way to convince investors that Apple can still grow. I’m surprised how Apple’s stock keeps getting hit harder than its peers and it doesn’t make any sense to me. There’s still five more months left in the year and maybe Apple will make some gains for the year. Fingers crossed.
What if Apple put out the Slice-Apple Watch slowing crap in order to get the stock to go down so they could do some major by-backs. How’s that foe a conspiracy theory?
Lets put this in perspective. YTD Apple up 11%, Nasdaq 3%, MSFT -10%, HP -25%, IBM 2%.
2.5% down in one day when everything else is also down 1-2% BFD
It was never there to start with. It’s all froth created by the Federal Reserve and their zero interest rate policy.
Apple is now a big company. It is well run but for the short term and long term. It is a member of the Dow and “the law of big numbers” requires it to never again have big short term moves.
Apple stock will go up and down but it will average an increase of 8 to 15% over the next five years. If that return is attractive to you coupled with some nice dividends then invest in Apple stock.
Typically such a well run company would have even a longer investment timeframe but this is the technology field. While I have confidence in Apple, anything could happen. Someone, for example, could come up with a new and better operating system that is more secure then OS X/iOS or Windows. Unlikely, but possible.
8 to 15% per year. 😀
Slide a bit more… then BUY BUY BUY Mortimer!
None of you know jack about markets. The MARKET is more powerful than any one company.
The world economy is in state of uncertainty. No stock will rise until global economies figure out where they want to be.
PuLeeZe. ‘No stock will rise until blahblah…’
It’s all about perspective. Once the cattle get over their desperation mode, they’ll notice that Apple remains the single greatest company on the planet and that’s not changing. Watch its stock price rise, despite all the self-destructive human imperative going on in global economies. Inevitable.
BooFrackingHoo. Both China’s stock market crash and the impeding self-implosion of Greece are freaking out the market. It has NOTHING to do with Apple.
So let’s blame Apple.
WallNut Street At Work. 😛