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Friday, 11 November 2011 12:11

Apple share drop explained

Written by Nedim Hadzic

apple

Analysts point at iPad production cut rumors

It’s not a secret that Apple’s stock has seen better days and prices have been on the decline ever since Steve Jobs passed away. However, the Wall Street Journal claims to know the reasons behind this.

The company recently dropped 2 percent; to about $387, the lowest number since early October.

J.P. Morgan analysts attributed the drop to iPad manufacturing cuts and related warnings, rise of the Kindle Fire, stock shorting, etc. Furthermore, S&P equity analysts downgraded Apple from “strong buy” to “buy.” They attributed the drops to growing competition, Jobs' death, lack of the usual excitement about Apple's products as well as fears that the company may not innovate as much as it did in the past.

As much as it is not nice to speak ill of the dead, we must says that it increasingly seems as if Jobs had a spell on his outfit, which was broken by his death. Well, at least they will finally wake up and see the company for what it really is, a company, rather than a cult.

More here.


Last modified on Friday, 11 November 2011 13:10

Nedim Hadzic

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-6 #1 trajan2448 2011-11-11 17:14
Go to an Apple store sometime you nitwits. They are so packed you need an appointment to see an employee. Apple is doing unbelievable and obviously you know less than nothing about the stock market. Many stocks are DOWN 50% in the last 6 months. Apple is a few dollars off its all time high. Most companies would kill to say that right now.
 
 
+1 #2 fuadzilla 2011-11-11 18:24
apple? who is apple?
 
 
+2 #3 dew111 2011-11-11 21:47
Quoting trajan2448:
Go to an Apple store sometime you nitwits. They are so packed you need an appointment to see an employee. Apple is doing unbelievable and obviously you know less than nothing about the stock market. Many stocks are DOWN 50% in the last 6 months. Apple is a few dollars off its all time high. Most companies would kill to say that right now.



Stock prices have nothing to do with reality. Microsoft is reporting record profits, record Windows sales, and the stock is still down. Many other companies are in the same boat. The stock market is a big casino where people bet against our retirement savings.
 

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