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Though many pundits, analysts, and (reportedly) employees liked Apple's (AAPL -2.3%) big...

Though many pundits, analysts, and (reportedly) employees liked Apple's (AAPL -2.3%) big management shakeup (I, II), shares have fallen below the $600 threshold today. Scott Forstall had plenty of critics, but he also earned a lot of respect on account of iOS' success over the last 5 years. Today's decline comes as Chinese regulators give their approval to iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) 3G networks.
Comments (35)
  • I'm not a huge AAPL fan, but this is looking like a good support area from a technical point of view; vol@price, 200's, OS.
    31 Oct 2012, 11:08 AM Reply Like
  • What about the AAPL - CHL negotiations? CHL is by far the
    biggest telcom company in China, or anywhere in the world.


    If those negotiations result in an agreement, that should be a
    big boost for both AAPL and CHL when the iPhone 5 is launched
    in China early next year.


    How do the AAPL-CHL negotiations stand?


    CHL is government-controlled like all Chinese majors.
    It is also listed on the NYSE which provides some
    protection against juggling the books etc.
    31 Oct 2012, 11:19 AM Reply Like
  • When Wall Street takes aim a a stock, it hits it. And AAPL is in WS sights now. No matter what Apple does right, WS is intent on taking it down until all short profits are squeezed out. Then and only then will it go back up for long profits. Then back down, then back up..............
    31 Oct 2012, 11:20 AM Reply Like
  • Yes. Pundits and analysts don't like anything Apple does. Let's face it. Dumping Google really offended someone.
    31 Oct 2012, 11:39 AM Reply Like
  • Maybe Google's hundred + paid bloggers?
    31 Oct 2012, 02:17 PM Reply Like
  • sounds about right.
    31 Oct 2012, 10:14 PM Reply Like
  • I say win for AAPL. Win for investors. Buy more stock. Win Win. :)
    31 Oct 2012, 12:05 PM Reply Like
  • i wish i owned a comany that earn 36 billion dollars a years, not a quarter.
    31 Oct 2012, 12:07 PM Reply Like
  • The sell-off is now officially overdone. They fire 2 guys and the stock price tanks? They weren't fired because they were doing a great job and everyone at Apple loved them. Oh well, more buying opportunities.
    31 Oct 2012, 12:28 PM Reply Like
  • Letting John Browett was a very competent move on the part of Cook. It showed he takes control of situations that could hurt Apple's brand and bottom line as quickly as possible. Browett does not have the experience needed to successfully head Apple's 360 very important to Apple's profits retail operations. He worked as a sales exec at Dixon's in the UK, which works on a very different business model as Apple. Dixon's focuses on a low price point and selling as many products as possible with little attention to customer service. Apple focuses on excellent customer service, high quality products and high volume sales a winning formula, which is challenging to do but Apple has and is clearly continuing to under Cook's leadership. Cook after letting Browlett go emailed a huge thanks to all the Apple retail staff, stating they are so important to Apple's success ect... that shows excellent people skills on the part of Cook, the Apple retail staff are fundamental to high Apple sales if they are treated with respect they will make more sales Cook gets that.
    31 Oct 2012, 05:27 PM Reply Like
  • Positiveprosperity is absolutely correct.


    Having visited many Dixons when I lived in the UK, I would never have hired Browett. I wonder if anyone from Apple actually observed the in-store operations of that chain? Highly doubt it. It's amazing what can be learned by using our eyes and taking the time to observe. Low tech but highly effective.
    31 Oct 2012, 05:55 PM Reply Like
  • bobbowhite, you nailed it!!!
    31 Oct 2012, 12:40 PM Reply Like
  • All great news for Apple lately and about to be turned into tens of billions of new dollars. Why anyone would sell is beyond me, but I am buying more. Looks like free money down here. Only fools with no clue would sell here. Maybe the automated technical robots are the ones selling. If so, they are not very smart either.
    31 Oct 2012, 12:43 PM Reply Like
  • hard not to buy more at this price point
    31 Oct 2012, 01:01 PM Reply Like
  • We hit a triple bottom today. If we have another big volume day like Friday and hold $585, that will be very bullish for the stock. I will be buying today at the close if its above $600.
    31 Oct 2012, 01:03 PM Reply Like
  • Rocback, I call that comment and raise ya. Go AAPL.
    31 Oct 2012, 01:41 PM Reply Like
  • Yep, 200-day support didn't get breached. The pull-back's been a bit overdone making this a fine buying opportunity. Hedge funds are probably whooping and high-fiving to see AAPL back under $600. Apple started selling off right on cue w/ iPhone 5 release. It's continued selling off because the weak longs have been effectively shaken out on soft news. They fire 2 VPs and the stock sells off? They were fired for a reason. The stock didn't sell off as much when Steve Jobs died.
    31 Oct 2012, 05:08 PM Reply Like
  • The hedge funds largest single holding is already AAPL, Google "hedge fund hotel" for goodness sake. How do you think it got to 700? They're the ones selling and they aren't selling because 2 VPs got fired, they're selling because earnings are not going to be as good as expected and whoever sells first makes the most.
    31 Oct 2012, 09:22 PM Reply Like
  • Fair Value Calculation for AAPL is $825.80.
    An analysis of the stock's current worth, based on S&P's proprietary quantitative model suggests that AAPL is Undervalued by $221.80 or 36.7%.
    31 Oct 2012, 01:26 PM Reply Like
  • sounds like a bunch of bs, I bet the model is useless
    31 Oct 2012, 07:38 PM Reply Like
  • What goes up, must come down ...
    31 Oct 2012, 01:48 PM Reply Like
  • pirota, do you wake up every morning, go on SA, read every article and market current on AAPL, and post negative comments? you must live a really exciting life!
    31 Oct 2012, 02:51 PM Reply Like
  • I suppose, he's so envious of the success of a company he's not fan of... but unfortunately (or luckily for us) not everyone stands on the right side...
    31 Oct 2012, 05:19 PM Reply Like
  • Not always, pirota. Thousands of examples to the contrary in the market.
    31 Oct 2012, 05:56 PM Reply Like
  • Maybe he's making lots of money that way.
    31 Oct 2012, 09:23 PM Reply Like
  • The Wall Street tycoon gave the elevator boy very good advice when he said "The market will fluctuate." The longs ride Apple to a top, get off and take their profits, go short, then take their profits and go long...


    I knew I should have sold at 700. How many of us were smart enough to actually do it?
    31 Oct 2012, 02:37 PM Reply Like
  • I sold 400 shares at 663 and plan to buy back in after the open tomorrow when I get a feel for how the shares are acting. I think it's upward through the next earnings report in January.
    31 Oct 2012, 03:00 PM Reply Like
  • This is the time to buy, buy buy !!
    31 Oct 2012, 04:42 PM Reply Like
  • I sold 50% of my AAPL at 680.. letting the rest ride.. kinda wish i had some cash around to buy some more at the current price.
    31 Oct 2012, 05:27 PM Reply Like
  • Apple is 20% of the NASDAQ. Executive shakeups are never good short term. Apple blew it with that map deal. Googles gps is probably the most valuable app on my phone. Iphone 5 is a hit and Apple does generate most of it's profits from I phone sales.China mobile sales should kick in also. Apple makes great products consumers really like
    31 Oct 2012, 10:14 PM Reply Like
  • Want to know a true story? I was in old greenwich ct today trying to find a emissions testing station with my iphone. Half the town had no electric and att data was down. Those online maps really did me no good. Thank god my friend let me use his lumia 900. Nokia drive worked because it had the maps already downloaded on the phone. I ended up going to stamfords firestone do complete my emissions testing
    31 Oct 2012, 11:01 PM Reply Like
  • You can predownload maps on IOS 6. Nothing special about that. Android also offers this option.
    1 Nov 2012, 01:27 AM Reply Like
  • pre download with no data connection? how? I was out 1 day after the hurricane Sandy in a town I am not familiar with and half the town had no electricity. Tell me how I was suppose to pre download a map without a data connection? Or should I have known this and gone ahead and downloaded CT maps in advance from my home? I am just saying, right then and there at that point in time without data service, my iphone was no use to me.
    1 Nov 2012, 07:37 AM Reply Like
  • Apple will not be going into the holiday shopping season with a beaten up stock price and bad sentiment. The lows of today are good becasue they are now out of the way. We go up from here and I see it somewhat rapid to 650. China Mobile will sign in the coming weeks and there will be an announcement of ramped up production of the iphone5. Ipad mini will sell record unit sales for the first weekend.
    1 Nov 2012, 12:09 AM Reply Like
  • Nokia invented smartphones, Apple added the touchscreen.
    1 Nov 2012, 01:25 AM Reply Like
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