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'Lacking Demand': Apple Skids to One-Year Low
CNBC Yahoo ^ | April 17, 2013 | JeeYeon Park

Posted on 04/17/2013 9:10:39 AM PDT by jwsea55

Apple (AAPL) tumbled to its lowest level in over a year as investors continued to dump shares of the tech company amid worries over second-quarter iPad mini shipments.

The once-darling tech giant of Wall Street shed more than 3 percent Wednesday, falling to its lowest level since last January, following a report from DigiTimes that iPad mini shipments could fall 20 to 30 percent quarter-over-quarter to 10 to 12 million in the June quarter due to "lacking demand in the market."

"We continue to see risks to [Apple's] consensus estimates, primarily with respect to the June quarter," wrote Edward Parker of Lazard Capital Markets. "June should be the trough quarter ahead of multiple new product introductions into this summer and into fall."

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: New Mexico
KEYWORDS: apple; economy; stocks
Amazing all the debris Apple is taking with it. At least the economy is doing well. So they tell us.
1 posted on 04/17/2013 9:10:39 AM PDT by jwsea55
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To: jwsea55

Does anyone really think that Apple’s stock would have tumbled this much if Steve Jobs were still alive and healthy!?!


2 posted on 04/17/2013 9:19:22 AM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: jwsea55

I own an iPad mini, and it’s equal to the greatest device I’ve ever owned. And this from a guy who has been a gadget freak for forty years.

With the iPad mini, Apple fulfilled a desire I had for nearly thirty years. And what’s more, it fulfilled it by going farther than my wildest dreams to provide it.

The only other device that even comes close is my iPhone5, which is an absolute electronic miracle.


3 posted on 04/17/2013 9:20:11 AM PDT by DoughtyOne (Leftist, Progressive, Socialist, Communist, fundamentalist Islamic policies, the death of a nation.)
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To: harpu

It has in the past. I recall around the year 2000-2001, AAPL went up to $125ish and then fell back down to <$20.


4 posted on 04/17/2013 9:22:19 AM PDT by SengirV
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To: jwsea55

All the scuzzy socialists have got their hi-end obamafon now.


5 posted on 04/17/2013 9:23:02 AM PDT by Hardraade (http://junipersec.wordpress.com (Vendetta))
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To: DoughtyOne

Good part of the Apple’s drive is Jobs embrace of Obama. If these two hadn’t been siamese twins, the iphone wouldn’t have been that much of a cult item.

And of course, Jobs didn’t drive Apple innovation so much as Woz.


6 posted on 04/17/2013 9:29:00 AM PDT by Hardraade (http://junipersec.wordpress.com (Vendetta))
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7 posted on 04/17/2013 9:29:38 AM PDT by DJ MacWoW (My faith and politics cannot be separated)
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To: Hardraade

There are so many blatant wrongs in that post, I don’t even know where to start. Where did you hear this crap?


8 posted on 04/17/2013 9:31:34 AM PDT by Future Snake Eater (CrossFit.com)
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To: jwsea55
......the article continues

Experts expect this to change for the better when the US Govt begins providing homeless and welfare recipients the basic human right of a "mini-pad" and free wifi to accompany.

9 posted on 04/17/2013 9:33:42 AM PDT by Revelation 911 (hump scratching n'er do well.....all strung out on chicken wings and venison jerky)
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To: jwsea55

Or maybe the more obvious innovations have already been made and the next ones are harder to identify.


10 posted on 04/17/2013 9:39:44 AM PDT by Will88
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To: Will88

Maybe it’s because all of the iPhones and iPads people bought three years ago, are still “good enough.”


11 posted on 04/17/2013 9:40:49 AM PDT by dfwgator
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To: Future Snake Eater

Lol. Feel free to like the cultfone, lots of people do.


12 posted on 04/17/2013 9:40:57 AM PDT by Hardraade (http://junipersec.wordpress.com (Vendetta))
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To: dfwgator

Yep, finding real improvements for the same basic product every six to twelve months probably gets trickier with each succeeding attempt to improve.


13 posted on 04/17/2013 9:45:52 AM PDT by Will88
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To: Will88

Apple is eventually going to have to become a content provider to keep the profits going....Eventually everyone is going to have the devices they need....devices are razors......content are the blades.


14 posted on 04/17/2013 9:47:37 AM PDT by dfwgator
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To: jwsea55

Wow, Windows 8 is so hated it’s even killing Apple! /s


15 posted on 04/17/2013 9:50:53 AM PDT by yuleeyahoo (Liberty is not collective, it is personal. All liberty is individual liberty. - Calvin Coolidge)
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To: Hardraade

There may be some truth in the Obama connection. I still think Apple came along and introduced something so superior to what was out there, that the masses jumped in with both feet.

I had some of the early Windows Mobile based phones. Ick!

To compare the iPhone with them was to literally destroy them. They weren’t even in the same universe.

As for the creative driver, I think you’re right.

Look, I’m the furthest thing there is from an Obama lover. If I could purchase an iPhone without that factor, then I’m thinking a lot of other lesser Conservatives certainly could.


16 posted on 04/17/2013 9:55:05 AM PDT by DoughtyOne (Leftist, Progressive, Socialist, Communist, fundamentalist Islamic policies, the death of a nation.)
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To: jwsea55
Remember, Apple consistently beats their own guidance each quarter. The "consensus estimates" are hyper-aggressive targets that the Apple stock is then punished for missing, despite not being projected by Apple itself. after last quarter's record-setting profits, the stock price dropped because those results, while well over guidance, didn't meet the rosy sky scenario that "analysts" put out there.

They're either idiots who just don't know any better, or crooks trying to manipulate stock prices so they can make money for themselves, with Apple just being the most high-profile of stocks they're doing this to. I tend to suspect the latter.

17 posted on 04/17/2013 9:58:36 AM PDT by kevkrom (If a wise man has an argument with a foolish man, the fool only rages or laughs...)
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To: DoughtyOne; Swordmaker
I own an iPad mini, and it’s equal to the greatest device I’ve ever owned. And this from a guy who has been a gadget freak for forty years.

With the iPad mini, Apple fulfilled a desire I had for nearly thirty years. And what’s more, it fulfilled it by going farther than my wildest dreams to provide it.

The only other device that even comes close is my iPhone5, which is an absolute electronic miracle.

I agree... every Apple product I've ever owned or worked on is nothing short of a miracle, IMO. I hope Apple can keep producing these "miracles" without Steve Jobs...

18 posted on 04/17/2013 10:02:07 AM PDT by nutmeg (Rest in Peace, FReeper Extraordinaire Doctor Raoul...)
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To: nutmeg

I learned to program on the TRS-80 (Radio Shack) and the Apple II.

I will always be an Apple fan.

They started an American dream and grew into a major giant in the industry. As far as a capitalist free society, what’s not to love about that?


19 posted on 04/17/2013 10:19:57 AM PDT by DoughtyOne (Leftist, Progressive, Socialist, Communist, fundamentalist Islamic policies, the death of a nation.)
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To: DoughtyOne
As far as a capitalist free society, what’s not to love about that?

Their support for policies destructive to the society that allowed them to accomplish it?

20 posted on 04/17/2013 10:59:15 AM PDT by Sherman Logan
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To: DoughtyOne
To compare the iPhone with them was to literally destroy them. They weren’t even in the same universe.

The problem for Apple now is that the Samsung Galaxy phones are on the same level - maybe superior in some ways and inferior in others, but you aren't going to be missing anything significant if you choose Samsung over Apple.

Without Steve Jobs, the market is not confident Apple can make a new quantum leap and get way ahead of its top competitors. They had a massive first-mover advantage for several years - now they have to start competing on price like everybody else.

21 posted on 04/17/2013 11:07:22 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Sherman Logan

They’re not alone in that. And if someone wants to take them to task for that, then I’m all for it. I do get a bit weary of folks laughing at their stock status as if their products are lousy.


22 posted on 04/17/2013 11:08:01 AM PDT by DoughtyOne (Leftist, Progressive, Socialist, Communist, fundamentalist Islamic policies, the death of a nation.)
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To: Mr. Jeeves

It’s true that the competition has made good strides toward reducing Apple’s advantage. I do know the iPhone iPad operating system is tight. I can’t speak to the others, but it’s certainly possible they’ve become tight as well.

Perhaps you know from experience, and if so I bow to your expertise on the matter.

In a healthy competitive atmosphere, I welcome strong competition. I do however think there is a weakness in our corporate investment system, where as large a profit as last year, isn’t good enough.

One of Apple’s employees loses an eye-lash, and the stock falls $50 bucks. That’s over simplified to be sure, but you know what I mean.

A healthy split between Apple and the other firms, leaves a lot of healthy for everyone to enjoy. I’m all for it.

Apple does deserve credit for defining the new telecommunications handset environment. I think that’s great.

Frankly, I’d like to see a 5-6 inch iPhone version also.


23 posted on 04/17/2013 11:19:25 AM PDT by DoughtyOne (Leftist, Progressive, Socialist, Communist, fundamentalist Islamic policies, the death of a nation.)
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To: Hardraade

I don’t own one, but I remember when they came out and nobody had even heard of Obama. That pretty much sinks the premise of your post.


24 posted on 04/17/2013 3:15:21 PM PDT by Future Snake Eater (CrossFit.com)
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To: Hardraade
Good part of the Apple’s drive is Jobs embrace of Obama. If these two hadn’t been siamese twins, the iphone wouldn’t have been that much of a cult item.

And of course, Jobs didn’t drive Apple innovation so much as Woz.

You realize that Wozniak has not been involved with Apple for 25 years or more, don't you. . . and missed ALL of the growth of Apple from near bankruptcy to the largest corporation by market cap in the world. So your facts are completely wrong. Wozniak only had input on the Apple I and II.

25 posted on 04/17/2013 10:52:47 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: SengirV

I’m sorry but your POINT is?!?


26 posted on 04/18/2013 4:23:36 AM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: harpu
Does anyone really think that Apple’s stock would have tumbled this much if Steve Jobs were still alive and healthy!?!

I’m sorry but your POINT is?!?

My POINT was to show YOU that a much larger tumble had occurred under Steve Job's reign. In direct opposition to your claim that it could not have possibly happened had Steve still been alive. I would think that would have been obvious, but I guess not.

27 posted on 04/18/2013 7:02:15 AM PDT by SengirV
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To: SengirV
"My POINT was to show YOU that a much larger tumble had occurred under Steve Job's reign."

Yep, I understand BUT you failed to mention a couple of key points that had MUCH to do with Apple's stock drop back then.
...1) The NASDAQ dropped from 4131.15 (Jan'00) to 1950.40 (Dec'01), a more than 50% drop, and
...2) Apple stock split '2 for 1' in June 2000.

Facts that may not be important if you're an Apple/Jobs 'hater' but they are truly relevant facts if choosing to point out Apple stock performance during the Jobs era.

-30-

28 posted on 04/20/2013 5:53:51 AM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: jwsea55

This has to be the most utter collapse of a company I have ever seen. Another article stated that they only sold 4 million iPhones last quarter. Has anybody ever seen a performance worse that that? All those at Apple should hang their heads in shame at this abysmal performance. They should rend their clothing before going into the Starbucks this morning for their lattes so that we can see who they are and stay the heck away from them.


29 posted on 04/20/2013 6:02:23 AM PDT by SamAdams76
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