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Apple's (AAPL) shares are -3.4% premarket following reports that the company has cut iPhone 5...
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Monday, January 14, 6:20 AM ETApple's (AAPL) shares are -3.4% premarket following reports that the company has cut iPhone 5 component orders for calendar Q1 due to weaker-than-expected demand. That's possibly helping to depress sentiment on the stock-futures market, with the Nasdaq benchmark -0.4%. The Dow is flat and the S&P is +0.1%, while Europe remains mostly in the green.
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This news story has 60 comments:
http://bit.ly/RS2G0M
I've never been a big believer in coordinated manipulation but I have to say I think we're seeing it here. Apple doesn't help things by refusing to comment on rumours, no matter how ridiculous.
The media scaring retail investors again?
Aren't Apple's profits greater than Microsoft, eBay, Google, Yahoo, Facebook and Amazon COMBINED.
Aren't Apple's profits double that of Intel, IBM, HP, Lenovo, Dell, Asus and Acer.... COMBINED.
Didn't Apple make more money than samsung and google combined last quarter?
1. iPhone 5S orders are now being place, with production being shifted.
2. Blowout Q1, with supply actually meeting demand for once, and Apple is simply doing due diligence by reducing orders.
3. The world is ending.
4. Numbers are being exaggerated and/or only certain suppliers are seeing cuts. Maybe Apple wasn't happy with what they were producing and have shifted supply elsewhere.
5. China Mobile deal was assumed for Q2, didn't happen, and now cuts are being made.
It's absolutely insane to trade this way on unsubstantiated claims.
- Blowout - AAPL down -> negative outlook/expectations, sell on good news
- Blowout - AAPL up -> as expected
- "Analyst miss" - AAPL down -> as expected
- "Analyst miss" - AAPL up -> not as negative as what was priced in
We are at the point where anything could happen :-)
And yet, which could be the case with this story today, the analysts don't come within a mile of getting the estimates correct.
How difficult can it be to count widgets?
http://bit.ly/Y5hM6q
Anyone who can count would not be an analyst. they could get a real job
If that means telling you the stock is going to $1000 when it's already at $700, that's what they'll do. if that means pushing it down to $350, they'll do that too.
This garbage is being reported as pure fact on CNBC.
Pure nonsense.
AAPL is doing fine as a company. It is just incredibly over-analyzed. Eventually the share price will settle where the market wants it to. There is definately a back and forth between the bull and bears going on in terms of the share price.
http://read.bi/RRSwNz
<img src="http://bit.ly/VZVPAF" border="0"/>
AT 10:20 LAST NIGHT, WSJ REMOVED THE COMMENT "DUE TO WEAKER DEMAND THAN EXPECTED" from Apple article because absolute lack of evidence. But the news was already sparked everywhere and damage was done. Since when WSJ is publishing cheap rumors without reasonable support? Same happened last week with cheap iphones note.
Now, Apple stock is being seriously impacted in pre-trading and also WSJ reputation.
Should WSJ apologize to Apple?
Yeah, Google comes out with Android, then gives it away to Samsung, et al, in an effort to torpedo Apple. This started when the Google CEO was sitting on the Apple BOD.
To me this will be a great test of "max pain" theory mainly because:
1. It's the largest cap company in the world
2. The number of option expiring in Jan '13 are just enormous.
(If this doesn't pin the stock, then nothing will.)
If this makes one group (calls / puts) hugely rich then I think the max pain theory may need some tweaking.
I guess pollution is not apart of economics, just look at a youtube video of Beijing.
The company probably plans to launch an iPhone 5s or the next generation sometime in the next 6 months so naturally orders will be cut at some point. You can make a comfortable living just on the overreacting irrationality of the investing populace.
http://seekingalpha.co...