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Concern about the health of Apple's co-founder and chief executive has reportedly been one factor damaging stock prices.  (Source: Cupertino City Council)
Concerns about overvaluation, succession are top on investors' list

By market cap Apple Inc. (AAPL) is the world's biggest tech company, having recently passed Microsoft Corp. (MSFT) for that spot.  Apple also recently passed Microsoft in quarterly profits.  And the company blows past analyst estimates virtually every single quarter.  Still, all is not well for Apple in investors' eyes.

Apple stock hit a high of $364.90 in February 2011, and has since churned, cycling up and down.  But since the start of June there's been consistent downward momentum, which has dropped the stock to well below its cyclic lows, plunging it to $315.32 USD a share at the bell on Monday, June 20.

Most analysts attribute that 15.7 percent drop to uncertainty about the succession plan for Apple, after the departure of chief executive Steve Jobs.  Mr. Jobs, who co-founded Apple in 1976, returned to the company in 1997 and transformed it from a struggling boutique vendor to the world's largest gadget maker.

But with Mr. Jobs suffering from complications of pancreatic cancer, which caused him to need a liver transplant, his health has been a major concern over the last several years.  Most recently Mr. Jobs took yet another medical leave of absence, though he's still giving public presentations and attending company meetings.

Henry Blodget at Business Insider writes:

In a way, the situation Apple finds itself in is akin to an impending CEO retirement--without a successor having been named. In such "lame duck" periods, companies can become paralyzed, as managers focus more on their own future and political stature and uncertainty and less on the business.

And, in Apple's case, unfortunately, the situation is even worse: No one knows whether Steve will return, or when, or even when the question of his return will finally be put to rest. So the company is in a sort of perpetual purgatory.

The source of Apple's stock drop may also be of a more technical nature.  In terms of price-per-earnings ratio, the stock is somewhat overvalued at a P/E ratio of 15.0 (by contrast Microsoft has a 9.7.  P/E ratio isn't always the best judge of performance, but some fear that Apple's stock has risen too far, too fast.

Additionally, some believe the options markets are dragging the stock down as trading was flat for much of last week until Thursday-Friday.  However, a 1.5 percent drop on Monday dispels that theory somewhat.

Some investors still stand firmly behind Apple.  Andy Zaky of the Bullish Cross says that Apple stock will likely reach $500 USD/share, so is a great buy at $300-$320 USD/share.  He writes:

Because of the market's short-term blindness to this obvious reality, we find it prudent to put a strong-buy rating on the stock if it so happens to trade under $300 during a potential brutal summer correction.

His sentiments are echoed by Horace Dediu at Asymco.

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By room200 on 6/21/2011 8:17:18 AM , Rating: 2
What makes them think that Apple's stock prices should have reached 300 bucks in the first place? Don't stocks fluctuate like this all the time?

RE: Pluhleeze
By Mitch101 on 6/21/2011 9:51:37 AM , Rating: 5
Im guessing your thinking of Profit taking but this isnt the case.

I think people are starting to realize that Apple has 7 areas of income and what caused the overvaluation is their huge growth came from just two areas (iPhone and iPad) that are losing traction as the competition heats up. Take out the iPhone and iPad and Apples real computer growth doubled in 5 years.

Where Apple makes thier money.

Why the downturn?
We all know Andorid is eating up the Phone and starting to take over in tablets.

Apples cloud failed to impress anyone and there are alternatives from Microsoft, Amazon, Google, and soon Facebook.

Lion is an incremental update of the OS. Sure it will have its neat new features but its not radically different from the previous version. It wont spur huge sales of Apple computers.

I hate to say Steve's health issues are a problem for the company but more for the man himself.

5 Years ago Apple stock was $60.00 a share. Its currently over $300 a share 5X from 5 Years ago.

Look at the chart reduce the iPad and iPhone sales numbers, then consider the company has no magical unicorn in the pipeline with extra operating costs you can see the stock is overvalued at the least recognize that the 3/5 of the companies profit is being threaded by competition.

RE: Pluhleeze
By vision33r on 6/21/11, Rating: -1
RE: Pluhleeze
By Mitch101 on 6/21/2011 10:18:23 AM , Rating: 2
Are there 500,000 categories of applications? I reasonably think there are maybe 30 even Windows Phone 7 has that covered.

In order to sell iPhone apps one must own an iPhone. If people are buying Android devices it wont matter how many the Apple App Store has they dont purchase from the Apple App store.

Please tell me where in the Apple product lineup they will be selling a huge increase without competition in the forseable future that would give Apple continued future growth?

Not sure you heard but Facebook is working on a method that threatens the profit line of the Apple App store right on the iPhone itself.

If Facebook can do it so will others. What is Apple going to do? Not support HTML5 like they dont support Flash?

RE: Pluhleeze
By vision33r on 6/21/11, Rating: -1
RE: Pluhleeze
By darkhawk1980 on 6/21/2011 1:00:07 PM , Rating: 3
So basically you're saying that Android caters to all users, whereas IOS caters to those that have disposable incomes? More or less, yes, that's what you just said. Guess what? People don't have as much disposable income. And guess what else? Not all phones are heavily subsidized by carriers. In fact, the most popular phones are the same price as the Iphone.

100 million IOS devices, 100 million Android devices, all made by various manufacturers aimed at different demographics. Guess what? IOS is not the 'one size fits all' that Apple makes it out to be. And some of those 'dumb old e-readers' don't count towards Android devices. Have you even bothered to look at the metrics? If it can't run market apps, it's not a device that gets noticed.

You seem to misunderstand the concept of devices. Android has many manufacturer's selling devices. Apple has 1. Combine Android devices sold to IOS and you might actually be surprised. For instance, I know the Asus Transformer has been selling >100k per month right now alone. Combine it with the other various tablets, guess what? You've got your 'millions' of devices being sold a month.

The sky is receding for Apple, much like Steve Job's hair line and lifeline. Soon enough it will end, and it will be sad since he is a genius, that doesn't mean he isn't a tyrant and terrible to his peons (I mean, customers).

And btw, Honeycomb is great. Take more than 5 minutes to evaluate it (ie use it for a number of hours). You might actually find out it's nice. Or you'll just say it sucks and put it down after 5 minutes cause it doesn't have the Apple logo on the back. Guess what? It just cost you $300 more than my tablet to get it. And it's worse than my tablet. Go figure.

RE: Pluhleeze
By Alexstarfire on 6/21/11, Rating: 0
RE: Pluhleeze
By Pirks on 6/21/2011 8:46:42 PM , Rating: 2
haha, RIM's going to benefit from that the most as they have currently the most mature and the most advanced HTML5 browser among all mobile browsers, which hence will be the best browser to run those Facebook HTML5 apps... looks like Facebook is going to do RIM a favor too

RE: Pluhleeze
By MarcLeFou on 6/21/2011 10:24:18 AM , Rating: 2
I actually agree with Mitch's evaluation of the company from a financial standpoint. I'd never buy Apple Stock myself. I think it's way overvalued because markets tend to be overly emotional and Apple is "in" right now. Same thing with Google's though. And RIM's stock was the same 3-4 years ago. Microsoft's stock would be a better option since their dividend to share value ratio is much better than it was 10 years ago and has been increasing every year but I do have some concern over their future. Windows 8 will be make or break even more than Windows 7 was. If they can't break into the tablet market in a huge way with Windows 8, I think Windows stands to slowly miss a huge percentage of future sales as I see home use computer sales declining to go to tablets and smartphones for the bulk of the "normal" users. I still think MS will always have a solid business base so the company will always be healthy but they definitely have some huge challenges ahead if they want to retain their market positioning.

The trick is to try to buy when others are selling and to sell when others are buying. I heavily invested in the market in february 2009 while everybody was buying obligations at 2-3% and still selling stocks. Good for me as those investments paid off in a big way and more than made up for my losses in 2008. That's why I don't think Google and Apple are good stocks to own mid-term.

RE: Pluhleeze
By Samus on 6/21/2011 11:36:37 AM , Rating: 1
It's about how many people Apple has killed, opposed to how many people Google has saved from being killed.

Think about it...

RE: Pluhleeze
By Tony Swash on 6/21/11, Rating: -1
RE: Pluhleeze
By insurgent on 6/21/2011 5:53:16 PM , Rating: 3
Uhh.. is brain dead legally dead? If so guess what, Apple killed you! :D

RE: Pluhleeze
By Tony Swash on 6/21/11, Rating: -1
RE: Pluhleeze
By Tony Swash on 6/21/11, Rating: -1
RE: Pluhleeze
By cjohnson2136 on 6/21/2011 11:16:18 AM , Rating: 2
Of course if anything negative is said about Apple Tony comes in and starts his preaching.

RE: Pluhleeze
By Tony Swash on 6/21/11, Rating: -1
RE: Pluhleeze
By croc on 6/21/2011 7:33:54 PM , Rating: 3
Steve Jobs is a piker. And, with a net worth of ~6 Bn US, I guess he feels he has to be. Poor little rich kid...

The Bill and Melinda Gates foundation itself is worth ~6 times Steve Jobs net worth.

So, WHEN Steve Jobs dies, how will history view him? As the creator of toys for rich people? Certainly not as the great philanthropist. And who will replace Jobs at apple? what happened the last time he 'left'?

RE: Pluhleeze
By Iaiken on 6/21/2011 10:04:58 AM , Rating: 2
Don't stocks fluctuate like this all the time?

Yes, but Apple is not just nonfluctuating, they are trending downward for legitimate reasons. Primarily because of overvaluation due to speculation on how high it would jump during the recovery.

Now with many companies this wouldn't be much of a worry as long term investors could count on dividends or distributions to give them year over year earnings via compounding. For example, every quarter, Microsoft would yield you one additional unit of stock through dividend reinvestment for every 150 units of stock you owned. This not only adds up very quickly, but dividends is taxed at a MUCH more favorable rate than capital gains.

No, Apple is always a gamble and any long term investors that get tied up in it now are fools. Companies like this are best left to speculators and day traders.

RE: Pluhleeze
By vision33r on 6/21/11, Rating: -1
RE: Pluhleeze
By Iaiken on 6/21/2011 11:35:43 AM , Rating: 3
AAPL is up again today which proves you wrong about the fundamentals of the stock

A single incremental increase does not a trend make. Apple has been trending down at 16% for the last 6 months including the recent spike. While past performance is no indication of future performance, it doesn't take a genius to look at the direction that the tablet/phone markets are headed and realize that Apple has reached an impasse.

The fact that you got so PO'd about someone having a different opinion of Apple stock than you is interesting. There are numerous other better performers on the market than Apple that offer much more sustainable growth year over year.

With Apple's most important business segments either in decline or plateauing in the face of stiff competition, any stock increases are purely speculative ones. Apple has essentially been caught in a trap of it's own making. To make any more headway, they need to move more and more product, but the competition is steadily hedging them out of the market.

RE: Pluhleeze
By Solandri on 6/21/2011 11:18:18 AM , Rating: 3
Now with many companies this wouldn't be much of a worry as long term investors could count on dividends or distributions to give them year over year earnings via compounding.

In case Iaiken's point isn't clear, Apple (and Google) don't pay dividends. In that respect, they're not like regular stocks where you "own" a piece of the company and part of their profit goes into your pocket via dividends.

Apple and Google stocks are just pieces of paper certified as a genuine piece of Apple or Google paper, only worth as much as someone else is willing to pay for them when you sell them. Them posting a big profit may make their stockholders feel warm and fuzzy on the inside. But none of that profit goes to the stockholders, so there is no direct link between the company's profit and the value of the stock. Any rise in their stock price due to big profits is based entirely on market speculation.

RE: Pluhleeze
By MrBlastman on 6/21/2011 12:51:33 PM , Rating: 2
This not only adds up very quickly, but dividends is taxed at a MUCH more favorable rate than capital gains.

Wrong. Completely wrong.

I realize you are Canadian (I believe), but in the United States, how you are taxed on dividends and capital gains is a direct result of two things:

a. The type of capital gain (long term [12 months or more] or short term [less than 12 months])

b. Qualified or non-Qualified dividend.

If a capital gain is long-term, it is taxed at 15%. If it is short-term, it is taxed at your ordinary income tax bracket.

If a dividend is qualified, it is taxed at 15% (unless you are in the 10-15% bracket it is 0%), if it is non-qualified, then it is taxed at your ordinary income tax bracket.

RE: Pluhleeze
By Iaiken on 6/21/2011 1:22:54 PM , Rating: 2
I realize you are Canadian (I believe)

My apologies, Canadians not only do we get a preferable rate on dividends, but there is an additional Dividend Tax Credit (DTC) that prevents double taxation of Canadians invested in Canadian companies.

For example, my last year I only payed 4.91% on almost $44,000 in qualified dividends. Had this been interest income it would have been around 24%, or regular dividends would have been around 16% and capital gains would just be taxed at 50% of your income tax rate.

I forgot how much tax investors pay in the US.

I hope it goes waaaaay down
By tayb on 6/21/2011 8:22:26 AM , Rating: 3
Because I want to buy it again. And again. I bought about 100 shares a couple of years ago when it was valued at roughly $80 - $90 and sold within the past 6 months when it was well over $300 which I found to be way too high to sustain. I don't normally turn stocks around that quickly but I saw an out, and a chance to make a HUGE return on investment, so I sold.

I would love to make another 500% return on investment! Keep worrying stock holders!

By inperfectdarkness on 6/21/2011 8:38:46 AM , Rating: 5
100+ years ago, PT Barnum said "There's a sucker born every minute."

in the 21st century, this statement is updated to, "There's an I-Tard born every minute."

and why not profit off it?

RE: I hope it goes waaaaay down
By TheDoc9 on 6/21/2011 9:55:31 AM , Rating: 2
You sold at exactly the right time, you consider turning stocks in a couple of years quick?

Apple stock is long past a correction. Anyone who listens to the buy recommendations will loose money right now. The stock market is a game, and those lying clowns are riding the wave.

RE: I hope it goes waaaaay down
By mcnabney on 6/21/2011 10:13:59 AM , Rating: 2
Yup, they are chumming the airwaves/.coms to get more suckers to buy their institutional shares before Apple drops back down to ~200-250 where it belongs.

RE: I hope it goes waaaaay down
By UNHchabo on 6/21/2011 1:51:11 PM , Rating: 2
you consider turning stocks in a couple of years quick?

Some people buy stock to invest in the company, not to play the market.

RE: I hope it goes waaaaay down
By tim851 on 6/21/2011 3:03:39 PM , Rating: 2
Some people buy stock to invest in the company, not to play the market.

Apple doesn't pay a dividend, so why would you invest in their stock for any other reason than to play the market?

RE: I hope it goes waaaaay down
By UNHchabo on 6/21/2011 4:47:26 PM , Rating: 2
Because you're investing in a company long-term, believing that it will overall increase in value, while disregarding any short-term or medium-term peaks and valleys.

RE: I hope it goes waaaaay down
By TheDoc9 on 6/21/2011 5:41:50 PM , Rating: 2
Some people buy stock to invest in the company, not to play the market.

If you're in the market you're playing with your money no matter the length of time you hold shares in a company. Just ask the people who held Bear Stearns in 2008 what they think of going long now.

RE: I hope it goes waaaaay down
By TheDoc9 on 6/21/2011 5:42:58 PM , Rating: 2
Not trying to be rude, just want to put reality on the markets. The stock market is a casino.

RE: I hope it goes waaaaay down
By tayb on 6/21/2011 7:46:35 PM , Rating: 2
I wouldn't say quick but it's one of the faster stock turnarounds I have had. I like to stick it out and not have knee jerk reactions to normal stock fluctuations but I had to move on this. It could have soared up to 700 but I had a gut feeling.

RE: I hope it goes waaaaay down
By Omega215D on 6/21/2011 10:18:56 AM , Rating: 2
I did the same thing, except I bought 300 shares @ $60 or so and sold @ $340. I think I was smart to do that instead of buying my first car.

By adiposity on 6/21/2011 12:30:46 PM , Rating: 2
Additionally, some believe the options markets are dragging the stock down as trading was flat for much of last week until Thursday-Friday. However, a 1.5 percent drop on Monday dispels that theory somewhat.

And today it's up 2.7%.

Like I have said about other stock "plunges," let's not forget the whole stock market has had a very bad month (or two). You can look at just about any stock and see a down trend through May and June.

MSFT, which is mentioned in the article as having a lower P/E than AAPL also had a high on 4/28/11 of 26.87, and a low of 24.0 on 6/15/11. That's a 10.5 % drop vs. Apple's 10.2 % drop from 4/25/11 to 6/20/11.

So, unless I made a mistake, Microsoft actually dropped more in the same general time frame than Apple. The Apple drop was actually over a longer time frame.

My entire stock portfolio is down these months. So, when I hear about a specific stock "plunging," I get a little suspicious the general market trends are being ignored.

RE: Fluctuations
By vision33r on 6/21/2011 2:13:54 PM , Rating: 2
Ditto, these are typical the articles that bring out all the Anti-Apple people. Apple's business is actually "expanding" and it isn't just the iPad. While we like to think that PC is 80% of all marketshare, the Mac with just a 8.6% marketshare has an absurdly 20%+ profit margin vs the single digit profit margins made by Dell and HP.

Sure, Dell and HP shipped more PCs but they barely turned out much of a profit as opposed to Apple just raking in huge profits from selling less.

RE: Fluctuations
By superstition on 6/21/11, Rating: 0
RE: Fluctuations
By MindParadox on 6/21/2011 4:52:16 PM , Rating: 2
Sure, Dell and HP shipped more PCs but they barely turned out much of a profit as opposed to Apple just raking in huge profits from selling less.

yeah, but you cant say thats from the entire market of the PC world, as people like me(and there are ALOT of us) don't buy from any company. I build my own computers, buying the parts individually, which is something you can NOT say for apple. It is also why I can honestly say that apple computers are INSANELY overpriced, even more so now that they use Intel processors and fairly standardish(i say that because its all gotta be apple certified or have an included EFI layer to run with it) hardware(Nvidia/ATI and such)

so you really can't compare the profits of two companies out of probably 50 or so who make PCs, without somehow figuring OUT of the percentage of PCs in the world, the huge amount of people who build their own PCS.

however, since Apple has only one distribution channel, it is VERY easy to track profit margins there(which you yourself even said is "Absurdly 20%+ profit margin"

honestly, the analogy of Apple to Dell/HP is similar to saying something like, Porche makes more because Auto zone has less profits :) The whole thing just doesn't work in reality :P

Stock fluctuates based on Job's health...
By inperfectdarkness on 6/21/2011 8:39:40 AM , Rating: 5
...anyone left out there not yet fully convinced that Apple ISN'T a personality-cult? if's your proof, yet again.

Technical correction
By TakinYourPoints on 6/21/2011 7:03:36 PM , Rating: 1
The main reason for the correction appears to be technical, as the stock price has retraced to the 200 period moving average on multiple time frames. This may be a good point to add shares. If you are afraid at this price, then don't buy, but don't be surprised if it bounces from this level either.

And if it does break below the 200 and the broad markets also sell off, wait for the stock to hit around 235-250, there is major price support at that level. Either way, this is the first time AAPL has hit the 200 moving average since August of last year when the stock was at around 235.

As for people claiming that the stock is overvalued, I strongly disagree, the PE ratio has declined steadily over the past six months as their earnings have continued to skyrocket:

Again, it may be an opportunity to buy at this technical support level. I personally have very little worry as I sold a good chunk of my shares at 350 on June 1st. If this thing does break down, and that's a serious gamble right now because shorts are probably about to get creamed after the last two months of broad declines, then I'll be ready to buy more shares further down. I may nibble at a little more now, we'll see.

RE: Technical correction
By vision33r on 6/21/11, Rating: 0
RE: Technical correction
By TakinYourPoints on 6/21/2011 11:46:17 PM , Rating: 2
I'm mostly a technical trader. The rest is 99% hype and sensationalism.

You ever notice how "news" is spun either way, how a stock responds positively to "negative" news or how it tanks on "positive" news? Yeah, it can be better explained by the charts. In most cases, news is a story that is retroactively fabricated after the move by journalists and amateur bloggers to explain things that they don't really understand.

Understanding charts and the technicals behind them are a much saner way to evaluate risk and entries/exits.

RE: Technical correction
By Pirks on 6/22/2011 12:04:17 AM , Rating: 1
the iPhone must be dying and nobody buying iPads
hey vision33r, here's your words from September 5, 2010 -> "Android sucks for enterprise and iPhone also too. Nobody makes a better enterprise phone than Blackberry." <- are you still standing behind these words? Or did you change your mind?

RE: Technical correction
By Pirks on 6/22/2011 12:30:58 AM , Rating: 1
ah now I see, you're the BB admin for your company, this explains a lot :) you still find BB superior for business but Deutsche Bank Equity Research went from BB to iPhone. why did they do this? any ideas?

Slow news day?
By iluvdeal on 6/21/2011 4:02:17 PM , Rating: 2
Come on, a ~10% move in stock price is not plunging. Would a company's stock price fluctuating be news for any other company besides Apple? I came name dozens of other tech companies with larger stock moves than Apple, but I guess they aren't Apple so no one cares?

For a tech stock that has plunged recently, RIMM is who you should be writing about. 60% drop from their 52 week high, now that's pain.

RE: Slow news day?
By TakinYourPoints on 6/21/2011 11:39:06 PM , Rating: 2
The reason this is news on certain tech blogs and news sites is because it draws page hits, very simple.

Ignore the sensationalism, look at the charts, and reality paints a different picture. Microsoft and Google have dropped more in the same time frame. Year to date Microsoft has lost about 12% while Google has shed almost 20%. In the same time frame the overall NASDAQ has gained 1%, and since the start of the year AAPL has gained .85%, chopping around in a very narrow range for most of the year. The broad market has been brutalized over the last two months, which accounts for the hits most of these stocks have taken.

As I posted elsewhere here, the drop has been mostly a technical correction. AAPL has consolidated and pulled back to the 200 period moving average for the first time in almost a year. Unless something bad happens, this is a safe range to buy into, and if you want to wait then you can wait and hope for a further pullback to the 235-250 range which looks like major support.

As you said, RIM is the biggest casualty though, down over 50% this year (wow)

Fundamentally good
By shompa on 6/22/2011 2:47:54 AM , Rating: 2
Apple has a P/E of 16. They have 70 billion in their bank. With the money they have P/E 9. Apple is a company that last 10 years have an average growth of 49%. The last quarter it was 90% with profits going up 107%

Google has a PE 16, MSTF PE 9, AMAZON PE85, ARM PE100.

If Apples next quarter are in line what they think the PE will be down to 6. This is ridiculous low valuation. You wont find any other tech company that has so low valuation.

What we are seeing in the stock market is a .com two bubble. People throw money at companies that doesn't make money. Like Pandora and it PE 400. SiriusXM PE200.

What Apple needs to do is to split the shares 10-1 and start talking about a successor to Steve Jobs.

You can hate Apple and Steve, but Steve is the most imported CEO in modern history. Apple was worth 3 billion when he took over it. 14 years later it is worth over 300 billion.
This creates real high tech American jobs. Something that is really important for Americas future. Hating Apple and buying Korean telephones is something you should avoid if you like you own country.
Buy American. (and no, I don't mean just Apple. Anything American.)

RE: Fundamentally good
By Pirks on 6/22/2011 3:07:47 AM , Rating: 2
ya when americans start making $800 14" intel culv notebooks that last 14 hours on a single charge like my asian made asus ul80vt - then I start buying american. bye now.

Apple Apple Everywhere...
By garagetinkerer on 6/21/2011 3:38:31 PM , Rating: 2
Apple's marketshare in PC market is about the same. A majority of their income comes from other sources. As someone earlier mentioned, as long as iPhones and iPads are doing rounds... they'll see a steady stock, which will plummet with the health of one who blamed us holding their phone incorrectly :D

One can hate MS as much as they like, but they are making enough products, targeting enough markets and will remain relevant for a considerable amount of time to come. Gaming is one good reason. Businesses have their reason to use MS. In short... they have a more viable business setup.

Apple is making money selling music (nothing wrong with that), however its been a while since i've seen something really new and good come from their end to this effect. However, the last they came up with something was when they introduced the iPod based on the iPhone.

Software, well they DO sell software, but they are targeting a niche market, with little or no growth.

That leaves PC hardware. I know of a lot of people who buy because it is nice and shiney. Engineers, all of them and shamefully, they're from the country where largest numbers of engineers are made. My country which i love very much, India. O Noes... They bought their machines, but most do not know that the chippery these days is the same as X86. However, in India, we do believe in and respect e-peen and well... and we're multiplying. So Apple has a market there alright.

When it comes to phones, Apple is pissing off the wrong people. Samsung, who makes their chips comes to mind. Apple never had this much competition before and will have ever increasing levels of competition in the coming months/ years.

In short, $300+ stock value is really not indicative of worth of the company. They may have cash in bank, but then there's a little more that you could add on top of that. But really, the most valuable tech company? Steve Jobs is dying from that sick joke you know. That and you holding his phone wrong. :D

I wonder
By KeithP on 6/21/2011 4:22:59 PM , Rating: 2
I was wondering why the effect of the NASDAQ 100 rebalancing wasn't mentioned as a possible cause for some of the decline? Is it because the rebalancing was caused by the strength of Apple's stock and not its weakness which is what the article wanted to focus on?

It certainly fits within the time frame. Heck, for that matter stocks have been down, in general, during June so far.


By Phoenix7 on 6/28/2011 12:33:42 AM , Rating: 2
best article title ever

By TakinYourPoints on 7/16/2011 6:46:42 PM , Rating: 2
Every time a hack article like this on the financial or tech sites comes out, that means it is time to buy buy buy.

Up from $315 to $365 in under four weeks, like clockwork. I knew I should have backed up the truck, especially since AAPL had hit a major technical line of support in the 200 moving average, as I posted in June. Excellent opportunity and I have no idea why I didn't. :/

By karimtemple on 7/20/2011 10:55:03 AM , Rating: 2
$388.46. lol.

"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer

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