Apple investors watch $69 billion vanish

“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.

29 Comments

  1. 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.

    1. 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!

      1. 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” …

      2. 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.

  2. 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…..$$$$$$$$$

  3. 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.”

    1. 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.

      1. 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.

      2. 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.

  4. 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.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.