What is going on with apple stock y is it dropping.?

Question

What is going on with apple stock y is it dropping.?

Answer 1

A lot of people are concerned about Steve Jobs' health not being so great and it doesn't help that Apple has withheld divulging information about his health in the past.  Apple is like a cult and Steve Jobs is the Grand Poobah.  If he is unable to run the company, Apple will go down hard.

Answer 2

Most all stocks are dropping, because like the housing market, they've enjoyed an unreasonable growth for too long and it has to correct itself...

The greedy made fat, and the smart greedy ones have already bailed out for now...

Oh it'll come back, but it's headed for even more decline as our economy sinks further into the abyss that is awaiting us....

People have been too wealthy for too long, the pendulum is swinging back the other way, only on the return swing it's more like a guillotine...

When food prices go up 200-300% over a year ago, things are going to change drammatically.

We've been living in lush fat times, we as Americans have no idea what hard times are, we've always had it easy in our lifetime...

If you want to hear about hard times you're going to have to talk to someone who lived the great depression...because after then, america has been on a incline in affluency and technology.

The youngsters of today haven't a clue...but it's coming again, only it's going to have a much more devastating effect as someone who never really had much can make due with little and be fine, but take someone who has lived a relative life of luxury and take it all away, and they are devastated...

Brace yourself....hard times are on the horizon, and the stock market isn't a place to have your money when it does....

Answer 3

This is pure speculation, since it is impossible to know why every investor buys or sells, but I'll venture a few guesses:

* The iPod had its day, and investors are wondering where the next "big thing" is coming from. Shares are valued based on future returns, and the iPod is becoming a stale commodity.

* Consumer disposible income is decreasing as we head into a recession, and so it is expected that consumer electronic sales will decrease

* Apple is confronting several trade issues in Europe, which may incur lawsuits (a la Microsoft).

* Competitors are coming out with products that are cheaper than iPods, of similar quality, and do not have the Digitial Rights Management issues that iPods have.

* While there was a brief hayday in which the share price was driven up above $200/share, it is difficult to justify a P/E Ratio above 30 when most tech stocks are half that. If it helps, think of P/E as how much it costs to buy a share of a dollar of earnings. Why should I pay $33 for a dollar of Apple's earnings when I can pay $19 to get a dollar of Intel's or $14 to get a dollar of HP's?

* Lastly, investors are skittish in this bear market, and all shares are dropping. If you want to invest in Apple stock, it is not a bad idea to spread out your purchases to catch some of the falling prices.

Answer 4

Market is not in favor of tech.  Look at tonight's examples of multiple techs falling short of earnings expectations.

Industry - too early to call the impact of the new phone on AAPL and the competition.  Many experts feel tech currently overvalued and want to confine it to a seasonal focus (late in year).

Company - questions about Jobs' health unanswered.  Does not mean there is a problem - just that it's being "chatted up".