Linked by Thom Holwerda on Wed 23rd Jan 2013 22:09 UTC
Apple "Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below target, sending its shares down more than 4 percent. The world's largest technology company shipped 47.8 million iPhones, lower than the roughly 50 million that Wall Street analysts had predicted. Sales of the iPad came in at 22.9 million in the fiscal first quarter, about in line with forecasts." I'll leave the financials to the experts, but one thing that stood out to me: Apple sold 4.2 million Macs, almost a million below expectations. How much of a future does desktop computing have at Apple? Update: The NYT/Reuters changed the title during the night. Fixed it.
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Thom_Holwerda
Member since:
2005-06-29

Alright I know this site is anti-Apple


Oh sod off. Go complain at Reuters. I specifically chose the same source for the financial news as for Google, and it's still not good enough for you?

The company improved from last year, yet "disappointed" because it didn't grow as much as some Wall Street bozos guessed it would.


Stock price reflects the expected ability that an investment in said stock will generate a return. It has very little to do with past performance. Apparently, stock traders don't seem to think that investing in Apple's stock will yield them as much of a return as investing in other stock would. And considering the past few months of dropping stock, that seems to make sense.

Apple's stock doesn't exist in a vacuum. This is the basic mistake people seem to make. "Apple did great last quarter, so why is the stock going down?" Well, that's because investors seem to think there's more money to made with other stocks. It's really not that complicated. You'll most likely see the stock price bottom out - it may already have with -10% now - after which there's breathing room for the stock price to go up again, meaning there's money to be made.

All this stock drop highlights is how stupid Apple bloggers were when they proclaimed Apple would reach $1000. As it turns out, Apple's max is round and about the $700.

Edited 2013-01-24 09:47 UTC

Reply Parent Score: 2

Soulbender Member since:
2005-08-18

Stock price reflects the expected ability that an investment in said stock will generate a return


Stock price reflects the unrealistic and often incorrect expectations of the stock brokers.

Reply Parent Score: 3

Thom_Holwerda Member since:
2005-06-29

And, which psychic told you that $700 is their max level??


Well, wasn't their highest value somewhere around there, after which it dropped to its current level? That's no guarantee, of course (hence the "apparently"), but it does highlight the idiocy of statements that it would shoot right on through to $1000.

And, why did you select Reuters as your source? Hmmm...


Because cows, that's why.

Reply Parent Score: 2

BallmerKnowsBest Member since:
2008-06-02

And, which psychic told you that $700 is their max level?? And, why did you select Reuters as your source? Hmmm...


Durrrrr, ya think maybe it could have something to do with the fact that Reuters is of the most widely-used newswire services in the world? ...nah, that couldn't be it, must just be Thom's "anti-Appe bias".

Reply Parent Score: 4

chiwaw Member since:
2006-02-05

Oh sod off. Go complain at Reuters.


It's a little late for me to sod off. I'm probably one of the oldest reader here, going back to the early days of OSNews in the late '90s when I was dual booting BeOS and QNX Neutrino and looking for OS news ;)

I'm not complaining btw. Some blogs are hopelessly pro-Apple (Gizmodo!) some others are hopelessly anti-Apple (Slashdot!), it's all fair game. I don't expect blogs to be emotionally neutral toward a company like Apple that tends to always brew strong emotions on each sides.

Stock price reflects the *expected* ability that an investment in said stock will generate a return.


Thanks that's the part I was missing. The way I interpret it, say, half the stock value is what the company is right now, and half the price is what the company is expected to be in the future. That part is evaluated by stock analysts. If the company doesn't perform as planned, that portion of the stock price goes down (hence the whole stock goes down).

Am I too far from reality?

Reply Parent Score: 1

Thom_Holwerda Member since:
2005-06-29

It's a little late for me to sod off.


Sorry for that one, by the way - uncalled for.

Reply Parent Score: 1