Originally Posted by pwalker8
Apple was fairly steady in the $160 range for much of 2017. It jumped to the $175 range in early November, stayed there until late Jan, when it dropped back to $155 for a week because of the concern of a trade war, then jump back to $178 in late Feb when the trade war failed to materialize, it then dropped down to the $165 range this week mostly because the earning call is coming up and Apple's stock always falls before an earning call. Apple is expected to beat last year's 1st quarter earning by quite a bit.
Most companies stock prices are down from the beginning of the year when it was at an all time high. On paper, I lost around $20K in the space of a couple of days in Feb when the big market correction happened. Most of it's come back since then. That's just the way the stock market works. It goes up and down.
Apple has bet big on getting into the market in China and India. Personally, I don't think that's going to go well for them, both countries tend to protect local companies. They also have issues with the expectation of what's going to be the new big block buster product such as the iPhone or iPad (hint, they are really raking it in on services, just like Amazon is).
Amazon has it's own issues as does Facebook and Google.
None of these companies are in any particular danger. They are simply in the process of moving from being fast growing companies to established companies. Apple and Amazon in particular seems to be in more or less the same place. They are both continuing to try things, some which work, some which don't.
|