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I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ https://finance.yahoo.com/quote/AAPL/ Maybe som

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some calculations and please correct me if you think I am wrong but at 4:00 pm USA time (EDT?) the stock was selling at 213.5 open (I am not sure what the differences b/w open,close etc. are , I am not a finance guy) but it went from 213.5 open to 207.8 right now Taking the % lose from its peak just at 4 PM EDT & multiplying it by its market cap? 3.19Trillion(1- 207.5/213.5 ) is 89_648_711_944 , ie. 89 Billion $. So from my understanding Apple lost 89B $ in like a span of 2 hours (4PM EDT to 5:10-ish PM EDT which is the approx current time while writing this post) That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doing some calculation wrong or this case has a truly big gravity that its worth not to just skim over it I guess and truly read it at detail I suppose. Just my two cents..

TeaBrain 2y ago
Bloomberg reported that the shares fell because their sales in China under-performed estimates.
- Imustaskforhelp 2y ago
  By bloomberg, you mean bloomberg terminal or what exactly? Thanks for this information. I was genuinely confused after I had written this comment because well this information of epic games was already available 8 hours earlier so that had already been factored in the market 2 hours ago so I was confused as to why this change in 2 hours. Also, I would genuinely appreciate it if we could have a seperate HN thread just for this news itself. Sounds really interesting and I have quite an opinion on it
  - sgerenser 2y ago
    Apple's earnings call is going on right now: https://finance.yahoo.com/news/apple-tops-q2-earnings-estimates-on-strong-iphone-sales-174033613.html https://finance.yahoo.com/news/apple-tops-q2-earnings-estima... The headline sounds positive, but apparently its not positive enough to keep the stock from dropping.
    - Imustaskforhelp 2y ago
      wow, this has dropped even further it was around 2.5 last time , now its 3.7 , these are in some serious Billion dollar loses. I don't know but seeing so much money move so fast with such high velocity and such corrections in minutes and thus losing or making billions. I really want stability and it does seem to me that in some sense I wish for every economy to be more comprised of small businesses which aren't changing their stock price in such drastic measures though I think such an opinion might be unpopular around here.
    - toyg 2y ago
      There is always a certain amount of rollercoasting going on around Apple earning calls, with stock going up during build-up and then dropping after the call. My reasoning is that a lot of traders are simply afraid of losing a potential "wow" moment, so they stockpile just in case and then unload once they are sure that it's nothing special - simply to avoid their bosses going "why did you miss the boat on Apple?!?!" if the price skyrockets.
  - deleted 2y ago
    [deleted]
- Imustaskforhelp 2y ago
  are you referring to this? https://www.bloomberg.com/news/articles/2025-05-01/apple-china-sales-miss-estimates-marring-latest-earnings-report https://www.bloomberg.com/news/articles/2025-05-01/apple-chi...
  - deleted 2y ago
    [deleted]
- burnte 2y ago
  Since no one puts a reason down when they sell, it's all tea leaf reading.
  - TeaBrain 2y ago
    There's always a story that can be thrown together for every price movement, although it looks like apple did miss sales estimates in China by several percent. Looks like they also withheld guidance on services growth.
- h2zizzle 2y ago
  Did Bloomberg report that share prices fell because their sales in China under-performed estimates, or while/as their sales in China under-performed estimates?
  - deleted 2y ago
    [deleted]
  - TeaBrain 2y ago
    The difference between an explicit and implicit narrative.
    - h2zizzle 2y ago
      The difference between causation and coincidence.
      - TeaBrain 2y ago
        How predictable. I'm referring to the purpose of the publication grouping stats together in a story. Saying "causation and coincidence" is to say nothing. There is never a clear direct "causation" in financial price movements, and both the readers and the publication are aware of this, but that does not mean there is not an implicit narrative. Financial news publications don't mention random coincidental stats just for the amusing random coincidence. The language will always be ambiguous, but pairing specific stats with price moves in ambiguous language is still effectually to create an implicit narrative.
        h2zizzle 2y ago
        Yes, that was my original point. Other than >and both the readers and the publication are aware of this Publications wouldn't bother if they thought that readers could discern that this was what they were doing. As you say, the point is to create an implicit narrative; it's a narrative of causation where only coincidence actually can be proven, and often where the actual cause of price movement is heavily obfuscated (partly by the assured connection-building that the publications engage in).
jacobgkau 2y ago
> That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doing some calculation wrong or this case has a truly big gravity The thing about a company worth several trillion dollars is that even minor movements involve (what are to us laymen) huge sums of money. Conversely, huge sums of money really are just minor movements to that company. Some people talk about how the middle class has a hard time understanding the vast difference between a millionaire and a billionaire. The same thing applies (but probably compounded due to being at a larger scale) for thinking about billions vs. trillions of dollars. (Just speaking to the question of scale; as someone else brought up, there've been other happenings that affect stock prices besides just this case.)
jagged-chisel 2y ago
Apple didn’t lose money because their stock price dropped. All their shares out in the world lost that much value. The stock price has little, if any, affect on the company and its bank accounts.
- chongli 2y ago
  If anything, it makes it cheaper for Apple to buy back shares!
- pmontra 2y ago
  It means that Apple and their shareholders can do less things with those shares. Buying companies with their shares or selling shares to buy a car.
  - scarface_74 2y ago
    Apple buys mostly small companies with cash.
kchoudhu 2y ago
After hours market prices aren't indicative. I'd wait until tomorrow mroning to see what happens.
seabass 2y ago
The news did not affect the price in the way you are describing. The AH drop you are noticing was well after markets had time during the trading day to react. The timeline is important: the earliest archive link of the news I can find is from 11:55pm UTC April 30th. This leaves the entire trading day May 1st for the market to react. Apple’s earnings call was also May 1 after hours and it was their quarterly financials that led to the drop you described. In addition, pre- and post-market trading tends to have higher volatility due to the lower volume. In other words, markets are not pricing in a significant hit to Apple’s bottom line as a result of this ruling right now.

TeaBrain 2y ago

Bloomberg reported that the shares fell because their sales in China under-performed estimates.

Imustaskforhelp 2y ago
By bloomberg, you mean bloomberg terminal or what exactly? Thanks for this information. I was genuinely confused after I had written this comment because well this information of epic games was already available 8 hours earlier so that had already been factored in the market 2 hours ago so I was confused as to why this change in 2 hours. Also, I would genuinely appreciate it if we could have a seperate HN thread just for this news itself. Sounds really interesting and I have quite an opinion on it
- sgerenser 2y ago
  Apple's earnings call is going on right now: https://finance.yahoo.com/news/apple-tops-q2-earnings-estimates-on-strong-iphone-sales-174033613.html https://finance.yahoo.com/news/apple-tops-q2-earnings-estima... The headline sounds positive, but apparently its not positive enough to keep the stock from dropping.
  - Imustaskforhelp 2y ago
    wow, this has dropped even further it was around 2.5 last time , now its 3.7 , these are in some serious Billion dollar loses. I don't know but seeing so much money move so fast with such high velocity and such corrections in minutes and thus losing or making billions. I really want stability and it does seem to me that in some sense I wish for every economy to be more comprised of small businesses which aren't changing their stock price in such drastic measures though I think such an opinion might be unpopular around here.
  - toyg 2y ago
    There is always a certain amount of rollercoasting going on around Apple earning calls, with stock going up during build-up and then dropping after the call. My reasoning is that a lot of traders are simply afraid of losing a potential "wow" moment, so they stockpile just in case and then unload once they are sure that it's nothing special - simply to avoid their bosses going "why did you miss the boat on Apple?!?!" if the price skyrockets.
- deleted 2y ago
  [deleted]
Imustaskforhelp 2y ago
are you referring to this? https://www.bloomberg.com/news/articles/2025-05-01/apple-china-sales-miss-estimates-marring-latest-earnings-report https://www.bloomberg.com/news/articles/2025-05-01/apple-chi...
- deleted 2y ago
  [deleted]
burnte 2y ago
Since no one puts a reason down when they sell, it's all tea leaf reading.
- TeaBrain 2y ago
  There's always a story that can be thrown together for every price movement, although it looks like apple did miss sales estimates in China by several percent. Looks like they also withheld guidance on services growth.
h2zizzle 2y ago
Did Bloomberg report that share prices fell because their sales in China under-performed estimates, or while/as their sales in China under-performed estimates?
- deleted 2y ago
  [deleted]
- TeaBrain 2y ago
  The difference between an explicit and implicit narrative.
  - h2zizzle 2y ago
    The difference between causation and coincidence.
    - TeaBrain 2y ago
      How predictable. I'm referring to the purpose of the publication grouping stats together in a story. Saying "causation and coincidence" is to say nothing. There is never a clear direct "causation" in financial price movements, and both the readers and the publication are aware of this, but that does not mean there is not an implicit narrative. Financial news publications don't mention random coincidental stats just for the amusing random coincidence. The language will always be ambiguous, but pairing specific stats with price moves in ambiguous language is still effectually to create an implicit narrative.
      - h2zizzle 2y ago
        Yes, that was my original point. Other than >and both the readers and the publication are aware of this Publications wouldn't bother if they thought that readers could discern that this was what they were doing. As you say, the point is to create an implicit narrative; it's a narrative of causation where only coincidence actually can be proven, and often where the actual cause of price movement is heavily obfuscated (partly by the assured connection-building that the publications engage in).

jacobgkau 2y ago

> That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doing some calculation wrong or this case has a truly big gravity The thing about a company worth several trillion dollars is that even minor movements involve (what are to us laymen) huge sums of money. Conversely, huge sums of money really are just minor movements to that company. Some people talk about how the middle class has a hard time understanding the vast difference between a millionaire and a billionaire. The same thing applies (but probably compounded due to being at a larger scale) for thinking about billions vs. trillions of dollars. (Just speaking to the question of scale; as someone else brought up, there've been other happenings that affect stock prices besides just this case.)

jagged-chisel 2y ago

Apple didn’t lose money because their stock price dropped. All their shares out in the world lost that much value. The stock price has little, if any, affect on the company and its bank accounts.

chongli 2y ago
If anything, it makes it cheaper for Apple to buy back shares!
pmontra 2y ago
It means that Apple and their shareholders can do less things with those shares. Buying companies with their shares or selling shares to buy a car.
- scarface_74 2y ago
  Apple buys mostly small companies with cash.

kchoudhu 2y ago

After hours market prices aren't indicative. I'd wait until tomorrow mroning to see what happens.

seabass 2y ago

The news did not affect the price in the way you are describing. The AH drop you are noticing was well after markets had time during the trading day to react. The timeline is important: the earliest archive link of the news I can find is from 11:55pm UTC April 30th. This leaves the entire trading day May 1st for the market to react. Apple’s earnings call was also May 1 after hours and it was their quarterly financials that led to the drop you described. In addition, pre- and post-market trading tends to have higher volatility due to the lower volume. In other words, markets are not pricing in a significant hit to Apple’s bottom line as a result of this ruling right now.