Apple falls into bear market territory

“Shares of Apple, a bellwether for the technology sector, entered a bear market on Wednesday as the decline from its recent all-time high now totals more than 20 percent,” Thomas Franck reports for CNBC.

“Apple, which fell more than 2 percent Wednesday, was last seen trading around $186.70 per share,” Franck reports. “Shares are off their record high of $233.47, clinched on Oct. 3; Apple’s value has dropped to about $886 billion from $1.13 trillion at those October highs.”

“‘It’s like Tim Cook opened up Pandora’s Box by pulling the unit metrics on iPhone shipments,’ Daniel Ives, analyst at Wedbush Securities, told CNBC on Wednesday,” Franck reports. “The iPad maker is morphing from a business propelled by the volume of devices it ships into one that stresses luxury products and software sales. That evolution has been marked by shockwaves for much of the technology space, with several of Apple’s largest semiconductor suppliers noting marked declines in order volume.”

A selection of current Apple products
A selection of current Apple products

 
Read more in the full article here.

MacDailyNews Take: No pain, no gain.

SEE ALSO:
Don’t panic about iPhone sales just yet – November 14, 2018
Apple stock: This is not a repeat of 2015-16 – November 14, 2018
Apple’s Asian suppliers fall on report of canceled iPhone XR production boost – November 6, 2018
Nikkei claims iPhone XR production cuts, Apple stock drops over 3% – November 5, 2018
Apple’s revolutionary iPhone X was the world’s best selling smartphone in Q118 – June 14, 2018
Nikkei again claims ‘weak demand’ for iPhone X despite much evidence to the contrary – February 20, 2018
iPhone X drives smartphone revenue dominance; Apple made more money in Q417 than the rest of the smartphone makers combined – February 16, 2018
Apple iPhone took more than half of worldwide smartphone revenue share in Q417, a new record – February 15, 2018
Apple supplier says report of iPhone X production cuts was overstated – January 30, 2018
Another January, another misleading iPhone supply cuts story from Nikkei – January 29, 2018
Apple stock drops after Nikkei report of iPhone X production cut – January 29, 2018
Canalys: Apple shipped 29 million iPhone X units in Q4 2017; world’s best-selling smartphone over the holiday season – January 23, 2018
Reports of Apple cutting iPhone X orders make no sense – January 2, 2018
Apple stock tumbles on one poorly-sourced report of low iPhone X demand – December 26, 2017
Apple and suppliers shares drop on report of weak iPhone X demand – December 26, 2017
Nikkei: Apple to decrease iPhone production 10% in first quarter of 2017 – December 30, 2016
Nikkei proclaims ‘iPhone 7’ Dead On Arrival; bemoans Apple’s ‘lack of innovation’ – May 12, 2016
Japan’s Nikkei, The Wall Street Journal blow it, get iPhone demand story all wrong – January 16, 2013
Did Apple reduce 4-inch Retina display orders due to improving yields? – January 15, 2013
Analysts: iPhone 5 demand ‘robust;’ ignore the non-news noise – January 15, 2013
Apple iPhone suppliers decline on report orders cut by 50% – January 15, 2013
Apple swoon erases $17 billion from stock market – January 14, 2013
Apple iPhone 5 production cut signaling a new product release? – January 14, 2013
Apple drops to 11-month low on old reports of component cuts – January 14, 2013
The strange math of Apple’s alleged massive iPhone 5 component cuts – January 14, 2013
UBS analysts: Apple iPhone component order reduction ‘old news’ – January 14, 2013
Apple pulls down U.S. futures – January 14, 2013
Apple shares drop below $500 after reported cuts in iPhone 5 parts orders – January 14, 2013

30 Comments

  1. If Apple doesnt know that the stock price that supports their living isn’t a reflection of unit sales and growth, someone’s head has to roll.
    They have 8 percent of the phone market.
    I’ll be generous, call it 20 %. that’s 80 percent of the market to move into.

    Tell me all about how Apple has the better customers now,, as your AAPL suffers.

    No new amazing products,

    No additional “one more thing”

    No switcher advertising campaign.

    Lots of people taking their profits.

    Equals Stupidity and hubris.

    Deny it?

    1. I’m loathe to agree, but I do. They have been running on the steam generated by the original iPod, and it has finally run out. These days they have no Steve Jobs and no Mac faithful to carry them anymore. I don’t know what this company is, but t ain’t Apple. Even for myself, they’ve pretty much just got their commitment to customer privacy going for them. I doubt they’ll go away, that’s silliness, but they are neither the cash cow nor the source of inspiration they once were. I hope Cook is happy.

    2. Global market share in phones is 15% as of 2018 .

      What Apple realizes (and most with sense do aswell) Is that at the end of the day it is revenue and distribution of revenue and earnings that matter the most.

      So Apple very smartly, and if i may say so, bravely chose to redirect focus where it counts.

      I much rather see healthy revenue/earnings distribution and growth in a company Than be fixated on huge numbers of a singular product with small margins.

      Apple is diversifying, creating a healthier revenue distribution model and in the process directing markets attention to where it counts.
      It will take some time for the panic oriented market to adjust.

      In the meanwhile.. Apple has one of the best holiday season product lineups they have ever had.
      So lets pay attention to that. 🙏

      PS.. and arent Luca and Tim just loving these discounts for their buyback initiative.

  2. Over a $40 drop in share price since the all time high. And it is STILL dropping.

    Where are the buyers?

    If AAPL is worth so much, where are the buyers now that it is 20% on sale?

    The price falls even as shares are re-purchased.

    Why?

    Because Apple is lead by a blank eyed sap known as Pipeline.

    Pipeline couldn’t innovate out of a paper bag.

    Pipeline waited 4 years to upgrade the Mac Mini.

    Pipeline STILL has not upgraded the Mac Pro.

    Pipeline releases software that isnt remotely close to meeting the standard of “it just works”.

    Pipeline surrounds himself with yes men sycophants.

    Pipeline has his top designer working on doorknobs and jeweled rings, rather than satisfy Apple customers.

    There is a reason why AAPL not just declined, but fallen off a veritable cliff.

    That reason is Pipeline.

    Pipline doesnt inspire his employees, he doesnt inspire investors.

    Investors are fleeing AAPL like scalded cats.

    Well done Pipeline, well done.

    I am sure that your sycophantic, cretinous apes like Eddy Cue are slapping your back every day.

    1. When did you buy?

      Ps relax.. dont panic…. its not the end of the word.. .. but i understand its a nerve wreaking rough ride.

      These discounts are great for the buyback program.. beneficiary of which are the investores at the end.

      And remember this before you are blinded by all this panic going on.

      CUPERTINO, California — November 1, 2018 — Apple today announced financial results for its fiscal 2018 fourth quarter ended September 29, 2018. The Company posted quarterly revenue of $62.9 billion, an increase of 20 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.91, up 41 percent. International sales accounted for 61 percent of the quarter’s revenue.

        1. Freaking out and panicking are not constructive critisism GoeB..

          And exactly what reality are you referring to.. that the stock has had a selloff and everyone is freaked out… or all the speculations and rumors ?

          I choose not to freak out.. and I cant handle it..? ?
          Does not add up GB..
          Or maybe im am misunderstanding your comment.

          1. Apologies, I take back my can’t handle it comment. Should have said you seem a little defensive lately, brother.✌️

            “Freaking out and panicking are not constructive critisism GoeB.”

            With all due respect, disagree with your characterization. Certainly not freaking out, it’s called reality. I have been riding the ups and downs of Apple since the early 1980s.

            The declining Apple years of sugar water salesman Sculley and the worst decline ever when headlines in national newspapers were speculating Apple closing under Amelio. Also, the famous words of Michael Dell advising Steve to close Apple and give the money back to the shareholders.

            “Return of Steve Jobs. On July 9, 1997, Gil Amelio was ousted as CEO of Apple by the board of directors. Jobs stepped in as the interim CEO to begin a critical restructuring of the company’s product line.”

            Apple is now in bear territory quickly after becoming the world’s first trillion dollar company. Many other warning signs out there well documented in several posts here recently and for years now under pipeline.

            To right the ship well into the future need a fresh creative tech CEO that is less timid and has a pair with the drive to inspire confidence; pay more attention to customers needs and all products; less attention to movies, music, fashion and politics.

            Simply we are in another decline correction period and hopefully it will be short lived…

            1. Not defensive in the slightest sense… Goe..( what brings about that comment🤔🤔 )
              Just pointing out what i dont agree with.. …

              “ “Freaking out and panicking are not constructive critisism GoeB.”
              ….With all due respect, disagree with your characterization. Certainly not freaking out, it’s called reality.” “

              Realty is one thing Goe.. freaking out and panicking over it another.
              The tone and way in which one expresses him/herself is very telling of ones attitude and emotional state.
              Von was freaked out and panicky all day.. on all threads… and, to me, over the top.. makeing a nervouse situation way worse .

              My response to him on this thread was intended to point that out and maybe try to calm him down.. and point out that maybe investing in stocks is not his cup of tea.
              My post was not about whether something is wrong with Apple or not or who’s fault it is. It was about his panic.

              Yes there are problems with Apple.. its not perfect by any means.. nothing is.
              Is Tim a disaster.. not by a long shot in ‘my opinion’ ! Is he Jobs , no…..
              …..Was Jobs Tim , no …thats why he hired him. Was jobs perfect? No. …..

              Constantly insulting and bashing Tim and calling for some nameless , idealized replacement driving Apple into a utopian state is naive and childish.
              If one knows who can be better and is available then please let us know., name him/her.
              Dont just constantly complain and bash… without offering a tangible and realistic solution.
              Point out issues… point out solutions….. but constant basing and insulting
              is pointless.

              If you have followed some of my posts in the past years and years Goe then you know i have zero reservation criticizing or praising Apple… … here, other forums or directly .

              When i started criticizing Apple 8 years ago or so .. i was rejected pretty harshly by the community and had almost no support… i was subject to quite rude attacks by the fan boys and the community in general.
              So please rest assured.. i can handle Apple being criticized.. i do it myself.. regularly and have for a very long time.

              Yet once again. …constant bashing and insults are not productive in driving home the message and I find them childish and naive.
              Point out issues and offer solutions…be firm… be realistic…
              It will go a much longer way imo.

              That said,
              cheers ;)… hoping and counting on better times ahead !

            2. Did you read my post about yours truly riding the Apple roller coaster since the 1980s and still here a lifelong customer?

              “Dont just constantly complain and bash… “

              “Don’t?” 🤔 Again, you are missing the difference between constructive criticism and “bashing” a word you used repeatedly in your response over and over. I expect that from a blind fanboy and Apple apologist. Not from a thinking and fair minded person weighing all sides.

              “without offering a tangible and realistic solution.
              Point out issues… point out solutions….. but constant basing”

              Dude, I have posted point by point issues over a dozen times. I have also posted solutions about the same amount. Guess you missed them since I don’t recall a response.

              Alrighty then, without going into exhaustive detail — the short, short, short, short answer is beancounter CEOs Sculley and Amelio were replaced and Apple immediately thrived to greater heights. So, now Cook needs to replaced with an inspiring tech savvy CEO with vision. Then all the issues that Apple aficionados have been complaining about for FIVE YEARS can be listened to and addressed pushing Apple even higher.

              Ishkabibble Von Tink gold standard post on this particular thread (above) detailed most problems in a bullet point list. Simply declined to add essentially more of the same as I have done in the past. The first post by JR is more of the same.

              I found your response to Ishky very telling. You first asked when he bought the stock. While he did mention the stock, the BULK of his post was a great list of issues under the Cook era.

              Here is the telling part, you did not disagree with one bullet point or comment on one of them. My take from that is you quietly and reluctantly agree, correct me if I am wrong.

              Bottom line: While you continue with the Apple happy talk volume of posts that borders on defensive, myself and others will continue to call it like it is. If you call that “bashing” and “panic” well, it’s a free country brother. Peace… ✌️

    2. Agree 100%.

      Your post should be required reading for the Apple Board of Directors.

      Cook and his sycophant execs could not care less. They will ride the gravy train, not change course and continue to take away customer options and at same time raise prices on all products.

      Arrogant Apple has been totally tone-deaf to customers in the Cook era. Just ask any Mac user that has been buying their computers for over 10 years. Chickens are finally coming home to roost.

      Pipeline needs to be reassigned to his previous position under Jobs by the board where he thrived, or leave. Billions of idle cash sitting in the bank is useless without a visionary not putting it to good use as well as Apple accumulating debt is simply inexcusable.

      Jobs typically worked five years out on developing new products. Steve has been gone years longer than that. Apple desperately needs a NEW CREATIVE VISIONARY CEO to lead the company into the future.

      Unless I’m wrong, the infamous pipeline has RUN DRY…

      1. Goe.. the site wont let me respond to your last response to me..
        so i respond here. Some clarification is important.

        I truly think you did not fully grasp/understand what i wrote ..as some of your comments conflict or totally disregard what i mentioned.

        First..
        My critique in my response is not about you .
        Its about in general those who bash Tim none stop and use childish language and act naive and act panicky in light of a selloff.

        2nd.. quotes:
        “My response to him on this thread was intended to point that out and maybe try to calm him down.. and point out that maybe investing in stocks is not his cup of tea.
        My post was not about whether something is wrong with Apple or not or who’s fault it is. It was about his panic.
        Yes there are problems with Apple.. its not perfect by any means.. nothing is…………..”

        3rd… “When i started criticizing Apple 8 years ago or so .. i was rejected pretty harshly by the community and had almost no support… i was subject to quite rude attacks by the fan boys and the community in general.
        So please rest assured.. i can handle Apple being criticized.. i do it myself.. regularly and have for a very long time.”

        Did understand any of these ?
        Yet you went on responding what u did ?

        And finally again;
        “Realty is one thing Goe.. freaking out and panicking over it another.
        The tone and way in which one expresses him/herself is very telling of ones attitude and emotional state…………………
        . …constant bashing and insults are not productive in driving home the message and I find them childish and naive.
        Point out issues and offer solutions…be firm… yet be realistic…
        It will go a much longer way imo.”

        I suggest you read my post/response again with a calmer mind..
        In some instances it seens like you are arguing agsinst yourself..in total disregard for what i wrote in black and white..
        Some of which i repeated here for clarity .

        Plus i suggest you read my post in a later thread:
        ‘Why Apple did not upgrade the iMac ‘

        Goe you are not the only one who has been involved with computers since the early 80’ and is a passionate about the field.
        I suspect a lot of us here have been.
        In my case , very heavily and passionately:
        PC , Silicon Graphics, Apple, Commodore/Amiga. Dos, Windows, Mac Os, unix and derivatives ……

        Be good!

    1. This is what panic does… it blinds most everyone.
      Stronger earnings calls you say??? … they broke both earning and revenue records.. by 20 and 40% yoy.. anyone thinks that is a joke for a company as huge as Apple ..
      I tell u .. Panic is an irrational bitch.

      From apple press release :
      CUPERTINO, California — November 1, 2018 — Apple today announced financial results for its fiscal 2018 fourth quarter ended September 29, 2018. The Company posted quarterly revenue of $62.9 billion, an increase of 20 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.91, up 41 percent. International sales accounted for 61 percent of the quarter’s revenue.

      1. The issue is not, and has not been, actual past quarter earnings.

        The Street is looking at two things
        1) Apple is going to start “hiding” shipment numbers from them. (To a Street analyst not reporting is the same as hiding as in “They’re not telling us the real numbers so what do they have to hide”.) This makes The Street nervous. Nervous means sell.
        2) Apple’s projected first financial quarter (fourth 2018 calendar quarter) is projected by Apple to be a bit softer than The Street would like. Again, this makes The Street nervous. Nervous means sell.

        Add to that many, many reports (not just one or two like usual) of lower than expected purchases from suppliers or suppliers saying they are downgrading projections for the coming quarter, and the whole thing starts to spiral down.

        Ishkabibble Von Tink above makes several good points.

        1993/1994 all over again? I doubt it, but with the current team in charge, I truly wonder.

        1. Please read my other posts as well … there are several points there.

          and as for the real issue ..it is one thing only…. Irrational Panic.
          And yes Von make a very good example of that.

          Nothing that has materialy happened at Apple remotely calls for this selloff.
          Its a lemming driven suicide stampede off the cliff. .. based on Fud and speculation and inflexibility to deal with change ( the report structure )

          Ofcourse all this for only those who decide to be lemmings.

  3. This has gotta be Donald Trump Tweeting again.. and quite past the character limit so Twitter must be giving him a bigger box to type in. This is all temporary.. all markets are down the past two weeks. not just those starting with “A” Get a grip people take your meds.. . some quiet time… there .. there.. Apple will be alright, so just relax from shaking your baby rattles. Have some warm milk, take a nap.. “Ishkabibble Von Tink”

  4. This has gotta be Donald Trump Tweeting again.. and quite past the character limit so Twitter must be giving him a bigger box to type in. This is all temporary.. all markets are down the past two weeks. not just those starting with “A” Get a grip people take your meds.. . some quiet time… there .. there.. Apple will be alright, so just relax from shaking your baby rattles. Have some warm milk, take a nap.. boys.

  5. Do you spell Doom with 2 or 3 “Ohs”? Maybe it is really bad this time and it’s 4 to 5 or maybe even 6?

    Doom
    Doom
    Dooom
    Doooom
    Dooooom, Dooooom, Dooooom,Dooooooooom……..

    You know if you say Doom in a really deep voice with lots of ohs, it sounds really cool and it’s a lot fun!!!!

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