What do you think is causing the huge dips in Apple Stock?

[aphex]

http://finance.yahoo.com/q/bc?s=AAPL&t=3m

52 Week high of 202.96 a little over a month ago...
Currently trading around 120

Lackluster Macworld?
No iPhone replacement?

What do you think is making it take such a hit?

 

[ChAoTiCpInOy]

No confidence in the market. It's part of a bigger thing. But it's ok Steve says to hang in there.

 

[ShotgunSteven]

I think it is the economy in general. How many people actually NEED to get the latest and greatest toy when their wallet is getting hammered due to the falling dollar?

 

[fyleow]

..

 

[programmer]

This just compounds the issue
http://www.alleyinsider.com/20...ut-are-sales-aapl.html

Personally, I think $120/share is probably a good opportunity to buy some Apple stock if you plan to hold long-term. Could it go lower? Sure, for lots of reasons, some to do with Apple and their business and some to do with the market overall. If Apple gets near $90 that would be a SCREAMING BUY (again for a long-term hold).

Apple products are amazingly good. The Macbooks (reg. and Pro), iPods, and iMacs are all great machines, hardware and software. The iPhone is great too, but saddled with AT&T service. I think Apple TV is about ready to take off (finally) -- TV a la carte. And don't forget revenue from iTunes, selling music, TV shows, and movies. The best thing, IMO, is that Apple is very focused on their products unlike Google which is more like a huge R&D shop, throwing everything against a wall and see what sticks; everything in perpetual "beta".

 

[Parasitic]

I think it's because of Cisco?

It's odd because RIMM isn't worth anything at all now compared to it was a month ago, and they're still the market leader in smartphones.

 

[randomlinh]

Because it was highly overvalued maybe? I think there was just way too much hype and expectation coming into macworld... and boom, expectations not met, economy in turmoil.. bye bye stocks.. for now.

 

[jhbball]

The word is spreading that Steve Jobbs is a douche.

 

[Kaido]

It's coming off the iPhone tidal wave. There was absolutely nothing they could do this year that would have been as big as the iPhone was last year. It peaked with the iPhone and there's nowhere left to go but back down to normal again.

I don't really see how they'll ever get that high again, either - they have a TV player, laptops, desktops, phones, portable music players...unless they have some other magic device that everyone will want to have tucked up their sleeves, it will probably be "normal" for the foreseeable future.

 

[umrigar]

shit market overall.

well, except for Big Oil stocks.

 

[RichieZ]

probalby b/c all their macworld products this year SUCKED