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Except being critical has nothing to do with OP's question. Internet criticism do not account for large market fluctuations like this. Only fundamentals, either
by Cookingboy 14y ago
Except being critical has nothing to do with OP's question. Internet criticism do not account for large market fluctuations like this. Only fundamentals, either in the company's balance sheet (which is not the case) or market forces (which I believe is the case) can have influences like what we have seen.
Steve Jobs have been dead for a while, and criticisms of Apple have been around far longer than his death. I am not arguing for the validity of those criticism, I was simply trying to answer OP's question from a stock market perspective, which is what he asked.
- mkr-hn 14y agoYou edited out what I was replying to. I should have quoted it.
- Cookingboy 14y ago@mkr I edited out the part where I was thinking OP may not get the best answers because HackerNews is pretty anti-Apple. I took that part out not because I don't stand up to my words, but because it doesn't contribute to my answer and may distract the conversation (you down-voted me over that part instead of my real answer is proof). I have no interest in starting or be involved in another flamewar whatsoever.
- mkr-hn 14y agoI downvoted a needless stab at critics. That's a fine reason to downvote. Changing votes (especially when the target of the downvote goes away) is one of a long list of features HN needs to take from Reddit.
- Cookingboy 14y agoI did not mean it to be a "stab" per se, people are entitled to their own opinions, but I was genuinely concerned with OP's prospect of getting un-biased answer here. Too many people are too emotionally involved when it comes to Apple. And from what I've read so far on this issue from many other sources, many Apple critics use the price drop as a way to validate their opinions, which I think is a bit too soon at the moment (the critics may or may not be right, but right now it's definitely too soon to tell) and the drop can be explained by perfectly reasonable market mechanism in the short term.
- mkr-hn 14y agoI think the impression of anti-Apple sentiment (imagined or real) is worth discussing though. Write up a blog post/self post and submit it.