Apple crashes into bear market: $160B gone from stock value
51 replies, posted
[url]http://www.usatoday.com/story/money/markets/2015/12/18/apple-bear-market-aapl/77560080/[/url]
[quote=USA TODAY]Apple (AAPL) diehards who keep saying the stock "will come back" are going into hibernation today.
Shares of the gadget maker closed down another 2.7% Friday to $106.03 — knocking the stock down 21% from its recent high of $134.54. The breathtaking decline not only puts Apple into a bear market - defined by a 20% drop — but has obliterated a staggering $160 billion in shareholder wealth from the top.
Just to put that into perspective, Apple's $160 billion decline is larger than 477 companies in the Standard & Poor's 500 are worth. A drop this big is the financial equivalent of wiping out the market value of entire companies like Pepsico (PEP) at $146 billion, International Business Machines (IBM) at $133 billion or Nike (NKE) at $111 billion.[/quote]
They need another iPhone 4.
Something big. A Blockbuster.
[QUOTE=mcgrath618;49364635]They need another iPhone 4.
Something big. A Blockbuster.[/QUOTE]
So... every iPhone since the iPhone 4? 70% (or thereabouts) of Apple's revenue is from the iPhone, which is basically the reason why this drop even occurred. It'll probably rise again.
[QUOTE=mcgrath618;49364635]They need another iPhone 4.
Something big. A Blockbuster.[/QUOTE]
The 6 was a pretty big letdown.
[QUOTE=mcgrath618;49364635]They need another iPhone 4.
Something big. A Blockbuster.[/QUOTE]
or a phone.. on your wrist!
If anyone didn't honestly expect this given Apple's decisions over the past 5-10 years then they're an idiot.
Especially since they killed off all development of their pro line of apps.
RIP Apple
Steve Jobs wanted Apple to kill Microsoft.
It looks like that dying wish isn't coming true any time soon.
[QUOTE=RikohZX;49364846]Steve Jobs wanted Apple to kill [del]Microsoft.[/del] Google.
It looks like that dying wish isn't coming true any time soon.[/QUOTE]
Fixed.
Microsoft actually gave Apple a helping hand during its near-death experience in 1997 when Jobs just came back. Also, Jobs wanted a "thermonuclear war" with Google.
so buy now?
It's because Tim Cook sucks as CEO
[QUOTE=Banhfunbags;49364972]It's because Tim Cook sucks as CEO[/QUOTE]
He's a good finance and people person, and that's about it.
I'd have definitely preferred Phil Schiller as CEO, since he's the only one that gives a damn about the high-end market.
This isn't [I]really[/I] news. They didn't get massacred like Walmart did in october. This is a 20% drop since their high in [B]July[/B]. Rather than a crash, this is simply a downward trend, which was at its worst in August with $103/share, $3 lower than closing today.
I gotta agree on Tim Cook failing at this.
What made Apple an interesting company was Steve Jobs, because he wasn't afraid of experimenting with crazy ideas meanwhilst maintaining quality over quantity even if the price increased cause of it.
They don't seem as innovative as they used to be now, but more like every other company by just increasing performance and collecting cash while some competitors i.e. google's being creative by combining everything in people's lives together (sports, communication, even finances and business)
Steve Jobs will be spinning a beach ball in his grave
[QUOTE=Tools;49365088]I gotta agree on Tim Cook failing at this.
What made Apple an interesting company was Steve Jobs, because he wasn't afraid of experimenting with crazy ideas meanwhilst maintaining quality over quantity even if the price increased cause of it.
They don't seem as innovative as they used to be now, but more like every other company by just increasing performance and collecting cash while some competitors i.e. google's being creative by combining everything in people's lives together (sports, communication, even finances and business)[/QUOTE]
I don't know what Steve Jobs saw in Cook that made him think that he would be a worthy successor. I don't think Tim Cook has said or done anything that was even remotely popular.
apples next move will be accepting the ipad pro is useless, release a true surface competitor running OSX, and be praised as changing the game
[QUOTE=GameDev;49365204]apples next move will be accepting the ipad pro is useless, release a true surface competitor running OSX, and be praised as changing the game[/QUOTE]
iVerge's comment section will be filled with even more horny comments than the average porn video on well-know smut sites.
[QUOTE=Sam Za Nemesis;49365217]With all the bad that Google has been doing lately I seriously wish at this moment this could partially come true[/QUOTE]
TBH Google needs a huge bitchslap from government entities instead of being handed a smackdown from another corporation.
Too bad they're US based, and the government doesn't want NSA's spying relationship with Google soured even further.
Apple's products have been lackluster for a while and even their basic design philosophy is turning to shit. They're not gonna die any time soon obviously, but I'm inclined to think their golden years in which they could do no wrong are over.
I think eventually, even the idiots catch on what Apple are doing with their releases. Like the technology advancement for phones has slowed waaaay the fuck down ever since marketing took over in companies.
Function following form is going to be Apples downfall, and considering that's all Apple is good at, they're practically doomed.
[QUOTE=BANNED USER;49365442]Function following form is going to be Apples downfall, and considering that's all Apple is good at, they're practically doomed.[/QUOTE]
Now that Jobs' ain't around to hype it up, they'll have to change course.
[QUOTE=mr apple;49365268]I think eventually, even the idiots catch on what Apple are doing with their releases. Like the technology advancement for phones has slowed waaaay the fuck down ever since marketing took over in companies.[/QUOTE]
Comically, the same has happened with video games.
The jump in technological advances from 2000 to 2003 was huge as fuck. There were new ideas being pitched all the time and thousands of companies in every genre.
Then, 2011 to 2014, and it's no the same. Like, they aren't willing to experiment, you don't see that much innovation and well, the same formula gets repeated till death. Innovation in technological breakthroughs and new gameplay mechanics is left for a few companies and the indies which don't much to lose.
And yet, a particular game with many installments keeps topping the charts and selling like hot bread.
That's the point, much to lose. As said above, Apple didn't give a fuck when steve jobs was around. And he implemented a quasi old guard officer Der Wehrmacht style of working. So you either died for it, or you went home.
He kept pumping out ideas and calling people to add something.
But now they are complacent. They look at all the market share they've got, they see people buying into their 600$ phones with so many defects and so on.
And they even say bullshit to themselves in order to keep the confirmation bias.
Did Cook say something with the tablet replacing laptops and so on?
Poor guy, reminds me of the IBM president who said PCs wouldn't be a thing and of the poor and idiot Quaker CEO who bought that brand of juice drinks only to go almost bankrupt.
They just don't want to see reality.
[B]They've just become, the KODAK of phones and tablets.
[/B]
(Clarification: That means they are the top in their business, and they will try to implement some changes here and there. But they won't be seeing the whole picture and those changes aren't what the market is asking for. KODAK DID implement a digital camera WAAAAY before their downfall. But they kept their old shitty business model that nobody liked if they could get their pictures on the PC or anywhere for free. So they failed to see that and cater to that change, and boom, bankrupt after a couple of years)
I bet some dollars, heck, I'm toxxing my account right fucking now, that in a couple of years IF they don't change CEO, we can see Apple losing the top position in maaaaany markets.
[QUOTE=mcgrath618;49364635]They need another iPhone 4.
Something big. A Blockbuster.[/QUOTE]
What they need is someone who isn't afraid to take risks, who isn't afraid to step out of Apple's "persona" and create something radical, Jobs was always big on radical thinking and being different from the crowd which set Apple apart from everyone
Cook is pretty set on just building on whatever Steve did and will rush a product out the door because someone else is doing it
If Jobs was alive today, I guarantee the Apple Watch would've been different, it would be the bee's knees, the new iPod in a way that would send shockwaves through the tech industry, Apple has always been about pioneering, and I think Cook is fucking lousy at it
Not really surprising. The latest generation of iThings under-performed on the market, and it's been a few months since they launched.
They'll come back with the next generation of iThings and a new marketing campaign, they always do. Apple failing is virtually impossible at this point.
Tim Cooks definitely had a role in this but don't downplay Steve Jobs' role in this as well. Apple has just all around been bad, and despite me not liking either Tim Cooks or Steve Jobs, there's more to a company than the CEO.
[QUOTE=fruxodaily;49365686]What they need is someone who isn't afraid to take risks, who isn't afraid to step out of Apple's "persona" and create something radical, Jobs was always big on radical thinking and being different from the crowd which set Apple apart from everyone
Cook is pretty set on just building on whatever Steve did and will rush a product out the door because someone else is doing it
If Jobs was alive today, I guarantee the Apple Watch would've been different, it would be the bee's knees, the new iPod in a way that would send shockwaves through the tech industry, Apple has always been about pioneering, and I think Cook is fucking lousy at it[/QUOTE]
Apple has never been about pioneering, it's been about selling.
Steve Jobs was a fine CEO and an ok inventor, but he was an amazing salesman, he convinced the entire consumer base of their products that they were doing something revolutionary. Did he make the first smartphone? No. The first MP3 player? No. But if you ask people what the first MP3 player was they'd say the iPod, the first smartphone? iPhone. First tablet? iPad.
He was so fucking good at selling things to people and without him people just watch their press conferences and laugh at things like the Apple Watch because there's nobody to convince them to buy it. A big part of why people watched Apple announcements and didn't laugh at them like they do now is the fact that he was so fucking good on stage at selling his product.
[QUOTE=l337k1ll4;49366040]Apple has never been about pioneering, it's been about selling.
Steve Jobs was a fine CEO and an ok inventor, but he was an amazing salesman, he convinced the entire consumer base of their products that they were doing something revolutionary. Did he make the first smartphone? No. The first MP3 player? No. But if you ask people what the first MP3 player was they'd say the iPod, the first smartphone? iPhone. First tablet? iPad.
He was so fucking good at selling things to people and without him people just watch their press conferences and laugh at things like the Apple Watch because there's nobody to convince them to buy it. A big part of why people watched Apple announcements and didn't laugh at them like they do now is the fact that he was so fucking good on stage at selling his product.[/QUOTE]
This exactly, Apple has the marketing team that can [B]SELL[/B] their products.
[QUOTE=l337k1ll4;49366040]Apple has never been about pioneering, it's been about selling.
Steve Jobs was a fine CEO and an ok inventor, but he was an amazing salesman, he convinced the entire consumer base of their products that they were doing something revolutionary. Did he make the first smartphone? No. The first MP3 player? No. But if you ask people what the first MP3 player was they'd say the iPod, the first smartphone? iPhone. First tablet? iPad.
He was so fucking good at selling things to people and without him people just watch their press conferences and laugh at things like the Apple Watch because there's nobody to convince them to buy it. A big part of why people watched Apple announcements and didn't laugh at them like they do now is the fact that he was so fucking good on stage at selling his product.[/QUOTE]
Personally, I've always compared Jobs to Thomas Edison. The man was revered as a brilliant inventor during his time, but he was actually just a cunning spokesperson and played hard business to keep others out of the spotlight. He knew how to dress up ideas that already existed, market them, and take all the credit while also keeping down potential threats by snatching up what outside talent he could and disparage the rest, especially when it came to turning his biggest rival into a bogeyman he could play himself up as a hero against. "Get a Mac" may not have been as horrible as kidnapping and publicly electrocuting pets to smear Nikolai Tesla and his advocation for alternating current, but hot damn if it wasn't venomous all the same and created a frightening level of devotion.
While it may have taken a century, Edison eventually grew to be hated... though that's partially because he went above and beyond in being a despicable human being. Jobs may have been an utter megalomaniac but was otherwise a decent guy, though I do think people will realize in time that he wasn't nearly as revolutionary as he convinced them he was.
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