apple stock takes a hit from "antennagate"

scottjl · 07-13-2010, 01:32 PM

http://techcrunch.com/2010/07/13/in-...k-takes-a-hit/

dropped $10 this morning. i just lost some money. grrr.

steph_g · 07-13-2010, 01:47 PM

Quote:

Originally Posted by scottjl;

http://techcrunch.com/2010/07/13/in-...k-takes-a-hit/

dropped $10 this morning. i just lost some money. grrr.

Yikes...me, too! :-(

Fotoman · 07-13-2010, 01:49 PM

I was actually wondering about that on the commute to work this morning and had it in the back of my mind to check sometime today...

It's still way up from a year ago and about 25% up since February thanks to the iPad, but they need to respond to this antenna issue soon in a way other than improving the display of the signal strength bars.

HarryT · 07-13-2010, 01:51 PM

Obvious though it is to say, you've only lost money if you sell at the lower price.

joblack · 07-13-2010, 01:54 PM

Quote:

Originally Posted by HarryT

Obvious though it is to say, you've only lost money if you sell at the lower price.

Well, that's not true.

If one would follow your argumentation all the banks wouldn't got financial problems because of the 'subprime crises'

HarryT · 07-13-2010, 02:08 PM

How is it "not true"? Unless you sell your shares, your "loss" is purely a theoretical one, as is your "gain" if the price goes up.

scottjl · 07-13-2010, 02:26 PM

what goes down must come back up?

joblack · 07-13-2010, 02:30 PM

Quote:

Originally Posted by HarryT

How is it "not true"? Unless you sell your shares, your "loss" is purely a theoretical one, as is your "gain" if the price goes up.

At first you have exchanged real money against shares. So you have 'lost' the money in the first place (at least at that point).

The value of the share is determined by the amount of money you get at that time. That means you loose or win monetary value (not money) every second.

Anyway, if it's better for your psychological state you can tell yourself that you didn't loose money.

junkyardwillie · 07-13-2010, 02:50 PM

Apple has gotten themselves in quite a pickle

http://www.boygeniusreport.com/2010/...le-pr-iphone4/

I was thinking about buying Apple stock a couple months back but they seemed to be pretty fairly valued so I didn't bother. Consumer tech stocks are so volatile you are always exposed to downside if something better comes out. In this market I'd rather stick with the cash cows that are a bit more stable.

Yoshi 1080 · 07-13-2010, 03:34 PM

I have had Apple stocks for about one and a half years and I noticed the slight hit, too. However I think this is a perfect situation to buy more stocks, because I’m sure it will recover in a matter of months. This is only a slight problem and doesn’t affect the management or the roadmap for future products. Eventually, I expect the stock to rise up to 250€, maybe more.

joblack · 07-13-2010, 03:38 PM

Quote:

Originally Posted by Yoshi 1080

I have had Apple stocks for about one and a half years and I noticed the slight hit, too. However I think this is a perfect situation to buy more stocks, because I’m sure it will recover in a matter of months. This is only a slight problem and doesn’t affect the management or the roadmap for future products. Eventually, I expect the stock to rise up to 250€, maybe more.

The stock market will break down after the financial crisis will hit the job market.

It's just another Bubblegate (like the New Economy Bubble in the 90s).

Yoshi 1080 · 07-13-2010, 03:56 PM

Up until now Apple wasn’t much affected by the financial crisis, much in difference to many other tech companies.

kjk · 07-13-2010, 05:37 PM

Looks like a typical AAPL day to me

Lotus Esprit · 07-14-2010, 02:46 AM

Quote:

Originally Posted by Yoshi 1080

Up until now Apple wasn’t much affected by the financial crisis, much in difference to many other tech companies.

I would say that about 40% of Apple's revenues come from the U.S. consumer and within the next few years when the real crisis hits their stock will drop dramatically.

Bremen Cole · 07-14-2010, 11:37 AM

I hate that the stock dropped, because of how it effects real people. But I'm glad because that is something that will get Steve's attention. I agree it won't be a long term hit.... Reality is there are few people (some would call them huge risk takers) that use an iPhone without a case. So for real world use the problem is not a deal breaker for most. Still, Steve needs to stop with the BS and step up to the plate.....

07-13-2010, 01:32 PM	#1
scottjl Reader of Books Posts: 1,632 Karma: 2697 Join Date: Oct 2009 Device: none	apple stock takes a hit from "antennagate" http://techcrunch.com/2010/07/13/in-...k-takes-a-hit/ dropped $10 this morning. i just lost some money. grrr.

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07-13-2010, 01:49 PM	#3
Fotoman Groupie Posts: 157 Karma: 2160 Join Date: Feb 2009 Location: Vancouver, BC Device: iPad 64GB wifi (Sony 505 RIP)	I was actually wondering about that on the commute to work this morning and had it in the back of my mind to check sometime today... It's still way up from a year ago and about 25% up since February thanks to the iPad, but they need to respond to this antenna issue soon in a way other than improving the display of the signal strength bars.

07-13-2010, 01:51 PM	#4
HarryT eBook Enthusiast Posts: 85,560 Karma: 93980341 Join Date: Nov 2006 Location: UK Device: Kindle Oasis 2, iPad Pro 10.5", iPhone 6	Obvious though it is to say, you've only lost money if you sell at the lower price.

07-13-2010, 02:08 PM	#6
HarryT eBook Enthusiast Posts: 85,560 Karma: 93980341 Join Date: Nov 2006 Location: UK Device: Kindle Oasis 2, iPad Pro 10.5", iPhone 6	How is it "not true"? Unless you sell your shares, your "loss" is purely a theoretical one, as is your "gain" if the price goes up.

07-13-2010, 02:26 PM	#7
scottjl Reader of Books Posts: 1,632 Karma: 2697 Join Date: Oct 2009 Device: none	what goes down must come back up?

07-13-2010, 02:50 PM	#9
junkyardwillie Addict Posts: 316 Karma: 570 Join Date: Apr 2008 Device: Onyx Note Pro, Kobo H20 and iPad	Apple has gotten themselves in quite a pickle http://www.boygeniusreport.com/2010/...le-pr-iphone4/ I was thinking about buying Apple stock a couple months back but they seemed to be pretty fairly valued so I didn't bother. Consumer tech stocks are so volatile you are always exposed to downside if something better comes out. In this market I'd rather stick with the cash cows that are a bit more stable.

07-13-2010, 03:34 PM	#10
Yoshi 1080 Addict Posts: 303 Karma: 204 Join Date: Oct 2009 Location: Germany Device: iPad, iPhone, Mac	I have had Apple stocks for about one and a half years and I noticed the slight hit, too. However I think this is a perfect situation to buy more stocks, because I’m sure it will recover in a matter of months. This is only a slight problem and doesn’t affect the management or the roadmap for future products. Eventually, I expect the stock to rise up to 250€, maybe more.

07-13-2010, 03:56 PM	#12
Yoshi 1080 Addict Posts: 303 Karma: 204 Join Date: Oct 2009 Location: Germany Device: iPad, iPhone, Mac	Up until now Apple wasn’t much affected by the financial crisis, much in difference to many other tech companies.

07-13-2010, 05:37 PM	#13
kjk . Posts: 3,408 Karma: 5647231 Join Date: Oct 2008 Device: never enough	Looks like a typical AAPL day to me

07-14-2010, 11:37 AM	#15
Bremen Cole Wizard Posts: 1,115 Karma: 2718 Join Date: Dec 2009 Location: Texas Device: iPad	I hate that the stock dropped, because of how it effects real people. But I'm glad because that is something that will get Steve's attention. I agree it won't be a long term hit.... Reality is there are few people (some would call them huge risk takers) that use an iPhone without a case. So for real world use the problem is not a deal breaker for most. Still, Steve needs to stop with the BS and step up to the plate.....