Apple stock plummets for a fifth straight day, wiping out $113billion of its value, down 14 percent.

dailymail. ^ | 4 August 2015

[dennisw]

The world's most valuable public company saw its stock price drop for a fifth straight day on Tuesday

Apple shares are down 14 percent since closing at a record $133 in February That loss breaks down to $113.4billion in paper wealth

iPhone sales were not as good as some analysts predicted, and the lukewarm forecast for the current period is causing the drop

World's most valuable public company saw its stock price drop for a fifth straight day on Tuesday, falling as much as $5.19 or 4.4 percent, to $113.25 as investors fretted over China's economy and whether Apple can keep growing at the pace it's maintained over the last few quarters.

Apple shares are down 14 percent since closing at a record $133 in February. That puts Apple in a 'correction,' which is Wall Street jargon for price declines of 10 percent or more from a peak.

That loss breaks down to $113.4billion in paper wealth according to USA Today.

The stock also dropped below its 200-day moving average, a technical indicator that traders use to gauge momentum.

Shareholders are also worried about recent hiccups in China's economy, because the country is viewed as one of Apple's biggest markets for expansion, said Daniel Ives, a managing director and senior analyst for FBR Capital Markets.

He added that investors are looking ahead to the December quarter, which is traditionally Apple's strongest. The company sold 74 million iPhones during that period last year, a 46 percent jump. But it will be more difficult for Apple to show that kind of growth again.

Apple is now a 'prove me' stock for some investors, said Ives, although he added that new products like Apple Pay and the expected release of new iPhone models this fall could give the company a boost.

[Yossarian]

The next wave of new technology will be VR and AR.

For gamers, maybe. But for everyone else, no. You have to wear a goofy contraption on your head.

Smart watches, on the other hand (well, not literally...), use real-estate that was already allocated by most for information. As a convenient extension of the smart phone, I think they'll have much greater reach than VR/AR. Not groundbreaking, but much more prevalent.

[Swordmaker]

It's not certain what tipped the balance for Xiaomi, although big phones like the Mi Note (shown above) likely helped. That leadership might not survive for much longer, however. As IDC warned earlier, the days of a rapidly expanding Chinese phone market appear to be over. Vendors are mostly trying to poach customers from each other, rather than enticing first-timers who are finally well-off enough to buy a smartphone. In a volatile climate like that, it might only take one hit phone (or a spectacular flop) to shake things up.

It's simple, dennisw. Firstly, Chinese phone consumers are neither stupid nor fools. Buying last year's iPhone 6 or 6plus in July or August would make them both stupid and foolish because they know that Apple is going to release they new iPhone 6s and 6s plus in September. If they buy now, they will pay the same price for last year's model that merely by waiting a short time they can have the NEWEST model!

If they want an iPhone 6 or 6plus, in September, last year's older models will be available at discounts or on the used market for considerably less. As I said, anyone would be stupid or fools to buy now, and the Chinese consumers are neither. . . so the Chinese market is DOWN. So is the American phone market for iPhones as people here await the new release.

Secondly, Both Xiaomi (Show me) and Huewei release their new models on August 1st. . . to beat Apple to the punch. Xiaomi in particular because they release phones that are close look-alikes of the upcoming Apple iPhone models to attract the buyers who want a look-alike iPhone but can only afford a phone that costs 1/3rd the price of an iPhone. Those companies will sell a lot now and grab short term market share from Apple. That is what these reports are all about.

[CGASMIA68]

my point was AAPL doesn’t carry Foxconn so to me it was a mute point

[Natty Bumppo@frontier.net]

Use Xiaomi and Huawei at your own risk.

You are basically paying the Chinese government to infect your network.

[dennisw]

Chinese are going to their own homegrown Xiaomi products due to nationalist pride and much lower prices than Apple hardware. You forget that the Chinese stock market crash has killed many peoples net worth over there, They have no choice but to buy a Xiaomi device which is comparable or better than an iPhone iteration X (take your pick)

[dennisw]

lol..... Right. Appple FanBois and FanBots who have gone all in on AAPL are needing some of that Foxconn suicide netting right about now

[Swordmaker]

Opening a slave labor camp complete with suicide netting in a Communist country to make your product is a sick form of “Capitalism”.

You are aware that all of the suicides at FoxConn in 2010 that resulted in the installation of the suicide prevention nets, eight out of 18 in an eighteen month period in a company that employed 750,000 workers between 18 and 32 years of age, a rate of 0.75 per 100,000 per year (1/4 the rate among US Ivy League University. Students of the same age cohort) were at a plant making Microsoft Xboxes, HP computers, Sony Playstations, and Nokia cellular phones, not Apple products, aren't you?

These are undisputed facts; don't let them get in the way of your propaganda talking points.

[Tau Food]

In fact, the fact that the price of stock is heading down is good, because now you can obtain more shares for your money.

All well and good, but you need to understand that your strategy flies right in the face of the people who tend to buy high and sell low. If it weren't for them, . . . ;-)

[Swordmaker]

IPhones have hit saturation (it’s an incredible feat to do what it did). But where is the growth going to come from? Apple may need to transition to a big dividend model because the hyper growth is gone.

Where's your evidence that iPhones have hit the saturation point? Sales of iPhone just grew at 35% in the slowest sales quarter of the year and and captured 37% of the South Korean market, home market of the #1 phone seller in the world Samsung. Evidence proves you wrong.

[Swordmaker]

No one is cheering their downfall, what we are pointing out is the NASQAQ is back in loony territory. Netflix, Apple, Google, they are all insanely overpriced.

Apple was not over priced and in fact was undervalued. Read this article from today's Seeking Alpha:

Apple: the Market's False Correction

[IncPen]

The only line on your profile page:

15th Va. Company C, Patrick Henry Rifles- Men from Hanover County

You're celebrating a Confederate rifle company.

I find it hilarious that you have your panties in a wad here about the (much debunked) "Apple Slaves".

But thanks for the laugh.

[central_va]

Thanks for celebrating collaborating with Communists.

[for-q-clinton]

Aren’t you the guy that said the iwatch was a big success?

Read some articles and you’ll see iPhones is saturated and it’s all about upgrades. Plus iPhone is now in 3rd place in China... Which is a drop for them.

[Swordmaker]

Aren’t you the guy that said the iwatch was a big success?

Read some articles and you’ll see iPhones is saturated and it’s all about upgrades. Plus iPhone is now in 3rd place in China... Which is a drop for them.

The data they are using to claim the Apple Watch is not selling indicates SIX MILLION units in the first quarter. The iPad only sold 3.1 million it its first quarter in 2010 and it held the record for the best selling initial product of all time. the Watch is no way a flop.

I've read many articles. The iPhone is just entering India. . . and only 27% of over 400,000,000 other iPhone users have upgraded to iPhone 6 or 6 plus because their contract hasn't expired. Sorry, you're wrong. Android users are switching faster than ever before. China is is down because they're waiting for the new iPhones and Xiaomi and Huameu put out their new models in mid-summer.

[IncPen]

Thanks for celebrating collaborating with Communists.

No apologies for bringing Capitalism to the Communists.

_{Thanks for supporting black slavery.}

[IncPen]

Aren’t you the guy that said the iwatch was a big success?

Could you post the actual sales data on the watch for us?

[central_va]

Why should I care about China? I am an American and care about Americans. I could give a flying f about China Mexico or any other country on this planet. I don’t care if they all starve to death in a dung filled rice paddy. I am not a gloBULList.

[dennisw]

XIAOMI is killing Apple over in ChiCom land>>>>> This is why Apple stock is tanking>>>>>>

http://www.fool.com/investing/general/2015/08/05/apple-incs-iphone-falls-behind-xiaomi-and-huawei-i.aspx
Apple Inc.’s iPhone Falls Behind Xiaomi and Huawei In China
Is Apple struggling in the world’s largest smartphone market?

Apple (NASDAQ:AAPL) was the top smartphone maker China in the first quarter of 2015, but it slipped to third place in the second quarter, according to new data from research firms Canalys and Counterpoint Research. The reports caused Apple stock to slip over 2% on Aug. 4.

Counterpoint claims that Apple claimed just 12.2% of the market, putting it behind Xiaomi and Huawei’s respective shares of 15.8% and 15.4%. In the first quarter, Apple led the market with a 16% market share. Canalys hasn’t released full market share figures yet, but its overall rankings are the same as Counterpoint’s.

Should investors worry about Apple’s apparent slowdown in the world’s largest smartphone market?

Xiaomi and Huawei bounce back
Xiaomi recently launched the Mi Note Pro, an upgraded version of its popular Mi Note phablet, and the new low-end Redmi 2. In the first half of 2015, Xiaomi’s smartphone shipments rose 33% annually to 34.7 million units. That growth sounds impressive, but it represents a steep slowdown from the triple-digit growth it posted in previous years. It also indicates that Xiaomi will miss its prior full-year forecast for 80 million to 100 million shipments in 2015.

Meanwhile, Huawei experienced robust demand for its new Honor smartphones, which are sold through the same low-margin, online-only business model as Xiaomi. That growth boosted Huawei’s smartphone shipments 39% annually to 48.2 million units in the first half of 2015. Unlike Xiaomi, Huawei expects to hit its sales target of 100 million smartphones by the end of the year. Huawei’s overall sales are higher than Xiaomi’s because it sells its phones in more overseas markets than Xiaomi, which generates most of its sales from China.

[IncPen]

Why should I care about China?

Because the population of China is nearly four times that of the US.

I am an American and care about Americans. I could give a flying f about China Mexico or any other country on this planet.

OK, Russia, India, Iran and everyone else will trade with China. Good luck peddling your expensive wares on the world market then.

I don’t care if they all starve to death in a dung filled rice paddy. I am not a gloBULList.

The starving, if there is to be any, will likely be in this country if your course of action prevails. Manufacturing is gone, and not coming back.

All we have to offer is brainpower and natural resources.

If we, through capitalism, can convince their workforce that that is the better route, we will stand a chance.

If they remain an isolated communist society, they will need (and ultimately try to take) our resources.

[central_va]

The TOTALLY UNNECESSARY de industrialization that you love so much will destroy the republic and hasten the socialist/Marxist slouch to Gomorrah - just as Marx had predicted. Thanks to the traitorous economic polices we are doomed to fail. All free traitors should ashamed and leave the USA for their own sake. If the USA gets into a REAL war with China/Russia in our weakened industrial state it will cost lives and Free Traitors will probably be hunted down and tarred and feathered or worse.

So in closing I wish you all the worse in life to come.

PS: Since you care SO much about the Chinese then go live there, Cathay Pacific has flights daily. AMF