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$AAPL in free fall, currently at $407
- jcnnghm 13y agoIt's down less than 5%. That's not exactly out of the ordinary. They are probably expected to miss their earnings forecast.
- rquantz 13y agoYes, and they're having supply chain problems that are pushing back product launches. http://www.valuewalk.com/2013/04/apple-inc-aapl-to-disappoint-in-q1-on-lower-iphone-sales-jefferies/ http://www.valuewalk.com/2013/04/apple-inc-aapl-to-disappoin...
- loganfrederick 13y ago"Free fall" is a bit of an exaggeration. Yeah, it dropped 4% really quickly this morning, but in the grand scheme of market drops, 4% is not that large. I was expecting to see a 10%+ drop. A 4% drop could be attributed to a lot of different things not directly related to the company's business or someone making a big move before earnings announcements.
- velodrome 13y agoThe price of the stock is near the $400 - a psychological pivot point. If it continues to decline in value and closes under $400, the stock will go into a freefall (or another selling period). In the short term, Apple needs to come out with innovative, disruptive products that create a whole new market much like the iPad and iPhone. In the long term, they need a sustainable cash cow like Google's ads business.
- pinaceae 13y agoNo new products in sight, so numbers will be bad. This is all the investors getting out/shorting before the Q numbers roll in. The best thing? Has nothing to do with actual performance of the company right now. Gambling.
- sixothree 13y agoTQQQ and UPRO are both down similar amounts. Bad day all around.