Apple stock fell $3.79 (-2.39%) on Friday to close at $154.73, posting the longest weekly losing streak since May 2021.
Ryan Vlastelic for Bloomberg News:
Apple is down 5% since last Friday, a fifth straight week of losses totaling 10%. Apple is also poised to close at the lowest level since November.
Tech stocks have come under pressure this year amid concern that growth will slow and the prospect of higher rates from the Federal Reserve. Russia’s invasion of Ukraine, which led to a spike in commodity prices and further underlined inflation risk, has also weighed on the group.
Apple remains a relative outperformer so far this year, though. Its 2022 loss of 13% is better than the Nasdaq 100’s 18% drop. Investors have gravitated toward it as something of a safe-haven, although that has not been enough to offset the macroeconomic factors that are expected to continue weighing on the sector.
MacDailyNews Take: How low can Apple stock go? (Hopefully a bit lower for a nice sub-$150 entry.)
If you’ve got one (and can afford the gas), get ready to back up the truck.
At the end of April, Apple will report record March quarter earnings along with updates to the company’s dividend payout and share repurchase program.
We expect to achieve solid year-over-year revenue growth and set a March quarter revenue record despite significant supply constraints, which we estimate to be less than what we experienced during the December quarter. – Apple CFO Luca Maestri, January 27, 2022
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No company can escape Joe Biden’s net…except for those vaccine companies…and maybe those war companies…Big Pharma and the Military Industrial Complex will be just fine…everyone else…who cares?
Libturds, remember screaming that Trump would destroy the economy and start a war? Well, guess what you fucking idiots?
Feeling your stupidity yet??? Americans sure are!
Hal is right. Biden is the warmonger and the economy destroyer. Bring Trump back ASA-fricken-P.
Biden – dementia Joe – always in a mask walking across an empty lawn to his helicopter but not in a mask next to people.
Joe Biden. Biggest libturd there is. Couldn’t have pooped out a bigger one if I tried, and I’m not some flat slob Democrat capable of such things anyway.
If only America could take some Metamucil and excrete Joe Derrrrden permanently, it would be great.
Three more years of this massive f-wit destroying America to come, unless dementia gets him first, and then we will have the asinine Commielala Harris, cackler in chief, only there because she’s fake black and a woman.
America. We weep for you and weep for the few brain cells Democrat moronssssss have left.
Was just waiting for the Trump imbecilic loons to come out with their usual brain dead analysis and MDN allows for some unfathomable reason. Biden has nothing to do with a war in Ukraine, nor inflation, nor the cost of gasoline. I can only imagine the much greater havoc the sociopathic Putin-loving Trump would have created if he had been in office during this period. Almost a million dead from Covid thanks to Trump who got the big head start on casualties before sanity prevailed.
Fesarius, you are just a libturd, your “opinion” is meaningless
Remember when your first grade reacher said that there is no such thing as a wrong opinion? She/He lied and you prove it with every post.
Meaningless and worthless best describe your views and life. You are pathetic. Libturd? How imaginative and cliche for those unable to express themselves. How do you know my views? Presumptuous much because it fits your moronic and myopic ways at looking at people. You need a villain but the villain is you.
I’m not a Democrat as a matter of fact and have more conservative views but I’m not outright stupid like you and know when I’m being lied to and gaslighted – no matter who’s talking. You apparently have never been able to see beyond your own limited and corrupt far right wing political views.
I would love for jerks like you to get the full on autocratic candidate and then suddenly realize your error only too late. Try and act like an American first, party last. The supreme irony is it’s actually fake patriot idiots like you that are taking this country down.
So what you are saying is that admitting to yourself that you are just a libturd is so repulsive that you are trying to convince yourself that you are a conservative?
“How do you know my views?”
Easy, you broadcast your stupidity with every post
Idiots like you, who vote for dementia patients, have destroyed the country l, but you are too stupid to know it
Poster shouting “it’s sociopathic” in a sociopathic posting rant. Oh the irony.
Even better your appeal to authority to save you from having to read what you don’t want to read versus the dreadful act of skipping over it. You’re a real credit!
And people upvote your “beliefs!”
Money supply injected was a record and you say Biden has no connection to inflation. Besides not knowing the critical factor related to inflation, your idea of “imbecilic loons” show you’re bent here too.
Kind of unbelievable.
Sure the $1.9 trillion “American Rescue Plan Act of 2021, the Obama administration’s stimulus package to respond to the 2008 recession of $787 billion, the pandemic stimulus packages, between the Trump and the Biden administrations, reached around $5 trillion. (Some Republicans have fought tooth and nail against restoring our nations infrastructure. Those Republicans who voted against Biden’s infrastructure bill are touting its projects anyway being the a-holes they are.)
These have contributed to inflation sure but you didn’t bother to offer up anything yourself Mr. Goget Bent. Go hide under a rock until you have something more intelligent to offer up otherwise I lump you in with the rest of these MDN idiots.
More wuhan deaths under joe than under don and that is with vaccines and boosters. Joe failed
Trump is no longer on the throne… but his abuse of power has yet to be repaired.
Drunk? On drugs? or plain ole stupid?
these constant belligerent comments, saying terrible and ridiculous things day after day, have come to define this site as much as anything else.
The comments aren’t even political – spreading angry trumpian lies aren’t political – they’re just part of this bizarre cult adulating America’s Putin, and have nothing to do with Apple.
I’m gone.
Another libturd gone is reason to celebrate!
Hal, do you prefer authoritarianism? That’s what your every post advocates, a single party regime headed by an irresponsible strongman. You sit so far off the edge of the political spectrum, everyone is liberal compared to you. You can’t even discern the real political beliefs of anyone around here because you’re always screaming at them. Belligerent behavior such as yours has created governmental gridlock and stagnation. Your irrational intolerance defines you, not the people to whom you attempt to insult. Your nonstop insulting attitude here has destroyed what could have been a civil forum to discuss Macs. Please find something better to do with your time in your safe space.
I prefer not have voters stupid enough to vote for a lying, corrupt, racist dementia patient. I AM intolerant of stupidity.
yet you display nothing but stupidity with your every post.
Blame Putin for Apple stock posting longest run of down weeks since May. Damn Russia.
https://twitter.com/PapiTrumpo/status/1502053591837814800?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1502053591837814800%7Ctwgr%5Ehb_2_8%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fsaltmustflow.com%2Fkamala-cackles-while-asked-about-ukrainian-refugees%2F
Add inflation to AAPL stock price and the buying power of the stock is way down. As inflation continues to pick up speed I dare say AAPL 150ish value isn’t the same as AAPL 150ish value just six months ago.
Obviously, it will not be easy to fill the gaps that Trumpino dug during his pseudo presidency.
The depth of libturd stupidity and gullibility is staggering
Apply that to yourself and a semblance of sanity might have returned in your addled and clown-like brain.
Reminder: The depth of libturd stupidity and gullibility is staggering
The only thing dumber than someone who votes for a lying, corrupt racist dementia patient and a whore is someone who votes for a lying, corrupt racist dementia patient and a whore and thinks he/she/it is the smart one.
And there is no one more lying, corrupt, racist, dementia-ridden and sociopathic than Putin & autocracy-loving Trump. We have a lot of “smart ones” around here who effectively embrace political disaster.
Apple weakness galore. As long as Apple is buying back shares hand over fist, I’m fine with that. Apple should keep taking advantage of these share price dips.
Just few thousand people making lot’s of money by selling… Probably the same ones will buy back within these next days…
Thank Biden. Funny how Biden says Putin is able to raise the cost of oil and the most powerful man on earth is powerless to stop him. I’d bet my hat that Trump could get oil prices down, save Ukraine and keep Xi out of Taiwan in the bargain
It’s not Biden’s fault. He’s just a hapless dementia patient. It’s the fault of the stupid libturds that voted firm him
And with this crash in AAPL’s price all those buy backs that were supposed to be returning money back to “the shareholders” is gone. All gone. Had Timmy Cookie given back the money as dividends, the money returned would still be in my pockets. I’d have something to show for it. But no, it’s gone forever. Tim Cook incinerated that money. Wasted it. It’s not coming back. More share buybacks might boost the stock again but all it takes is another dive to remove that money from the shareholders.
There’s a reason share buybacks were considered unethical and manipulative in the past. Shareholders demanded dividends. AAPL shareholders are dumb as rocks, accepting buybacks.