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Apple: $50bn Wiped From Value drop more than 12%
mondeo123
Posts: 172
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The share price in the world's biggest firm drop more than 12% as iPhones lose their shine amid fears of a Samsung 'screen war'.
http://news.sky.com/story/1042426/apple-50bn-wiped-from-value-in-screen-war
http://news.sky.com/story/1042426/apple-50bn-wiped-from-value-in-screen-war
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but they're not making any more profit. Also being cagey about how many iphone5s they sold versus iphone 4s's isn't helping investor confidence.
To be fair the share price was way too high and im sure it will settle at a more suitable level.
Of course he is pleased. Apple have just posted their best quarter results ever. Why wouldn't he be pleased
People may panic, start selling their shares which would push the price further down.
Really
Duplicate post.
Well it was less than what was 'expected' so i think 'pleased' is a political answer.
People who thought Apple shares would only ever go up were just daft. If it was that easy everyone would be millionaires .....
Im sure Tim Cook is rather more pleased than those who have seen their stock value plummet (although to be fair Im sure Tim also has a fair amount of stock !)
Its all just silly money anyway .... ive seen a figure quoted of $200bn being knocked off Apples value .... which is basically saying that they have lost the entire value of Microsoft in 4 months !! :eek:
Oh and you're point on missing expectations is silly - that's just some guys that get paid to dream up theoretical numbers that a company could bring in, more weight needs to be placed on the fact they beat their guidance.
Indeed. They did not miss their own projections, or those of some of the bigger institutions.
but their own projections are widely regarded (and now acknowledged) as conservative. Beating them surprised no-one.
http://live.theverge.com/apple-q1-2013-earnings-live-blog/
They need to go back to the drawing board and focus on what can make the iPhone a great device again, as clearly lacklustre and underwhelming launches are having an effect on the company, and they will never be able to gain ground from Android like this. The company is in crisis with key employees jumping ship left right and centre.
It looks like Google may have won the smartphone wars for the time being, Apple is in too much turmoil to be a viable competitor.
And they beat their own projections, so they were conservative.
I can see no reason why apple would not be happy with these financial results. The only minor issue is the reduced profit, however, they had already warned this would happen.
Undervalued?!?!? :eek::eek:
They do not exist in vacuum, it's more important how things look than how they are. They know that better than anybody else. By giving very conservative estimates and always ending up with much better results they had achieved that nobody believes their estimates and expects much much better. And when they do not deliver, it has an impact.
Competition from China and from Korea looks likely to make them a niche smartphone company within a few years, just like they have become with computers and that is what the stock market is concerned about.
http://www.washingtonpost.com/business/technology/microsoft-earnings-what-to-watch/2013/01/24/9c86c592-6621-11e2-9e1b-07db1d2ccd5b_story.html
Is there a reason why 3 massive tech companies all report in the same week?
They do try an group reporting by sector. You will notice in the uk that most supermarkets and banks report in the same week.
erm .... not 'my' point on missing expectations ..... the point was made by many analysts ..... :rolleyes:
Gosh you are right ! Everyone must be very happy and thats certainly what is being reflected in todays share value :cool:
This isnt about what you or I think ..... the MARKET opinion is suggesting that they havent met what analysts expected.....
If only they all had the business insight of DS posters
This is pretty much how I see things panning out. It's hardly rocket science, it's basically like Mac v PC all over again. And there's only going to be one winner. Again.
And their main selling point to justify someone spending that £450 premium is "coolness" which is diminishing due to various cock-ups, greed, overly aggressive court action and general sloppiness.
Only one way they are going from here unless they can once again "invent" something genuinely revolutionary again.