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Economy
Apple stock craters, losing USD $113 Billion
2015-08-05
That is a B as in billion.
I haven't been paying attention -- why is the stock suddenly falling now?
Too many smart phones, for not enough smart people. Maybe not everyone wants an electronic tether smart phones have become. Dunno.
Too much FUD. Apple is making mountains of money, but not enough for the guys on Wall Street who find it more profitable to short them, and thus need something to panic the rubes.
Apple (AAPL) shares fell significantly for the second day Tuesday — bringing investors' paper losses to staggering levels and putting the stock further into correction territory.

Shares of Apple finished down $3.80, or 3.2%, to $114.64 in regular trading Tuesday, meaning they've fallen more than 14% since hitting their high of $134.54 on April 28. Given the massive size of Apple's market value, this sell off is enormous in that it has wiped out $113 billion in paper wealth. The sell off essentially erases more than the entire market value of corporate giants including Nike (NKE) at $98 billion or McDonald's (MCD) at $95 billion, separately.

It's the stock's third five-day losing streak in the past month, knocking the stock down 7% in just that time, says Bespoke Investment Group. The stock is down further from its average price the past 50 days than it has been in 12 years, Bespoke says.
Posted by:badanov

#10  DON'T give me Flash on my phone: Flash is an enormous virus and gateway to malware.

Flash should die the death that Jar-Jar Binks should have died early in episode II.
Posted by: Steve White   2015-08-05 20:52  

#9  I was an Apple fanatic in the day but I see the user experience slowly degrading. Give me flash on my phone you bastards.
Posted by: rjschwarz   2015-08-05 15:05  

#8  This was inevitable after Jobs' death. He and he alone had the industry clout to make new and interesting things happen. Now we are back to design by committee.
Posted by: Iblis   2015-08-05 14:21  

#7  ...it's all paper totally dependent upon the projection of value by the players in the game. Unfortunately, too many in the oligarchy want to 'fix' the game in their favor at the expense of everyone else.
Posted by: Procopius2k   2015-08-05 09:01  

#6  So, approaching actual value, then?
Posted by: ed in texas   2015-08-05 07:20  

#5  The Steve jobs 'pipeline of ideas' is running its course and not much on the horizon. China is slowing down.

It appears that Apple is slipping into Microsoft mode; cash cow with dividend but not much of a trading range.
Posted by: Airandee   2015-08-05 06:58  

#4  Lexus has your answer if you want to go back to the future
Posted by: newc   2015-08-05 04:51  

#3  Market correction. Follows may also be relevant:

Losses in Chinese equities, where almost $4 trillion was erased from June to July, may leave consumers with less money to buy gadgets in a market Cook expects to become Apple’s biggest. Apple got 17.4 percent of its revenue from China in its last full-year reporting period, Bloomberg data show.

Link
Posted by: Besoeker   2015-08-05 01:34  

#2  AAPL is still up about 10% from this time last year.

The company has an enormous cash and other liquid assets. The margin on their products is huge and they have great brand recognition. The question is whether they can develop a new product to get revenue growing again once the phone, watch and iPAD markets are saturated.
Posted by: lord garth   2015-08-05 00:47  

#1  "But...but I wore a black turtleneck sweater and everything! Who wants an Apple Watch? Anybody?Anybody?"

Tim Cook
Posted by: charger   2015-08-05 00:21  

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