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+--- Thread: Reason Apple is going down today... (/showthread.php?tid=68476)
Reason Apple is going down today... - samintx - 12-17-2008
http://finance.yahoo.com/tech-ticker/article/146766/Apple-iPod%2C-Mac-Sales-Holding-Up%2C-But-Growth-Hits-a-Wall
good sales but not stellar i.e. not living up to inflated talking heads day dreams.
Re: Reason Apple is going down today... - Wailer - 12-17-2008
I figured it was down today because of speculation that Jobs pulling out of Macworld meant his health had deteriorated.
"Don't whine. Just buy more shares."
Re: Reason Apple is going down today... - macphanatic - 12-17-2008
It's due to the f**** analysts! Yes, Apple's sales aren't going to be stellar, but they are going to be on target and most likely much better than any of their peers.
Re: Reason Apple is going down today... - RAMd®d - 12-17-2008
I figured it was down today because of speculation that Jobs pulling out of Macworld meant his health had deteriorated.
I agree that has a *lot* to do with it. Even if there were absolutely *no* question pallor of ill health, the Fear and Uncertainty of succession would/will hurt stock prices.
Even if Apple came up with a really good product right now, if Stevie isn't there to sell it, it will have near zero momentum. It might eventually take off, but for now, it would need a really, really long runway.
Re: Reason Apple is going down today... - mrbigstuff - 12-17-2008
I don't believe that most people (as part of the American Consumerate) know what Steve Jobs does and therefore will not be affected by his decision to not attend Mac World and thereby not do his schtick selling new products and convincing us that we desire them. Most American consumers get their info from friends and television and, to that degree, are probably more influenced by the ads with Mac Guy and PC Guy.
Re: Reason Apple is going down today... - Racer X - 12-17-2008
macphanatic wrote:
It's due to the f**** analysts! Yes, Apple's sales aren't going to be stellar, but they are going to be on target and most likely much better than any of their peers.
we all know supply and demand had nothing to do with crude oil prices this year, and Apple's stock price isn't really reflected by their sales either. They break records, and the price drops. So, if their sales are down, shouldn't the stock go up?
Re: Reason Apple is going down today... - DavidS - 12-17-2008
According to Reuters it is down due to concerns about his not attending MacWorld.
http://news.yahoo.com/s/nm/20081217/wr_nm/us_apple
Re: Reason Apple is going down today... - Article Accelerator - 12-17-2008
Wailer wrote:
I figured it was down today because of speculation that Jobs pulling out of Macworld meant his health had deteriorated.
There are many reasons why Apple may want to discontinue Macworld participation:
- trade shows are too expensive i.e., provide insufficient return
- the expectation of big product introductions at that time is too constraining
- to curtail the stock gaming that occurs around big events like Macworld
- to end the the idiotic speculation about his health every time Jobs appears in public and the ridiculous FUD re: succession
- to obliterate the frequently made assertion that 'Jobs is Apple and Apple is Jobs'
- the general decline of trade shows as viable marketing tools and pull-outs by many major exhibitors
Apple will hold its own events whenever it wants, presented by whomever it wants, with participation by selected commercial partners.
Re: Reason Apple is going down today... - RAMd®d - 12-17-2008
...and therefore will not be affected by his decision to not attend Mac World and thereby not do his schtick selling new products and convincing us that we desire them.
That would apply to the 'Phone and 'Pods, since they've become ubiquitous across platforms, and audiences.
But when it comes to Mac products, I think Stevie's presence makes a huge difference. He makes news when many Apple products would be a mere ripple, if that, otherwise.
And that, I believe, makes a difference to people who buy AAPL.
Besides, Phil Schiller looks much taller in QuickTime.
Re: Reason Apple is going down today... - MGS_forgot_password - 12-17-2008
New York's stupid iPod tax?