Apple has lost $452 billion in market cap in three months - Sensationalist Headlines

In only three months, Apple has lost $452 billion in market capitalization, including tens of billions on Thursday as the tech giant's stock sank further. Apple shares have fallen by 39.1 percent since Oct. 3, when the stock hit a 52-week high of $233.47 a share. With its market cap down to about $674 billion, those losses are larger than individual value of 496 members of the S&P 500 — including Facebook and J.P. Morgan. Microsoft, Amazon, Alphabet and Berkshire Hathaway are the only S&P 500 members with larger market caps than Apple's loss since its recent high. To put the Apple market value plunge in context, $446 billion is: more than double the size of Wells Fargo more than three times the size of McDonald's more than five times the size of Costco more than 10 times the size of Raytheon Apple gave a sudden warning to investors on Wednesday afternoon, lowering its fiscal first-quarter revenue guidance. Wall Street reacted, with one analyst saying this will represent Apple's "biggest miss in years" and another saying the company's announcement "raises more questions than answers." Apple CEO Tim Cook's letter to investors blamed a variety of factors for the guidance cut, including declining iPhone revenue and China's weakening economy. Apple stock closed Thursday trading down 10 percent at $142.19 a share. Apple's losses since peak exceed the value of 496 of S&P 500 I actually had my money on the Aussie housing market crashing, bringing down the Australian market and knocking over the precarious US market, but it seems a second tech bubble is going to do it. Read for the next crash?

Meanwhile: Apple says cheap battery replacements hurt iPhone sales

Welcome to the smartphone endgame, apple PC and Desktop users know what is coming, after rapid innovation and technical progress, we exit the phase of seemingly endless growth and enter the phase of stagnation and equalization. Not that this is anything new, since nearly all smartphones are seemingly converging on the same technical package and design, to the point where they nearly all look surprisingly similar and also feature the same hardware configurations except differing on a few details. There isn't anything big left to differentiate from one manufacturer to another.

The whole market has suffered quite significantly due to Agent Orange as well. The trade war has basically wiped out Apple's potential in China, with employees being terminated for having iPhones in China. https://www.google.com/amp/s/9to5mac.com/2018/12/24/huawei-iphone-termination-apple/amp/

The perfect storm of zero percent interest rates that existed concurrently with a debt-disabled economy lured executives at major corporations into a decade-long stock buyback program. The Fed pumped money into the economy thru its various Quantitative Easing programs to force interest rates near zero percent, with the expectation corporations would borrow money at the lowest rates in history and then invest in their businesses in the form of Property Plant and Equipment (capital goods). This, in turn, would expand productivity and help foster a low-inflation and strong growth environment. But many corporate executives found a much more enticing path to take in the form of EPS manipulation. That is, they boosted both their companies share price and, consequently, their own compensation, by simply buying back shares of their own stock. For the most part, companies have used debt to finance these earnings-boosting share purchases. Stock buybacks have been at a record pace this year. The Corporate Buyback Bubble Is Bursting | SafeHaven.com Government manipulation in the market by artificially deflating interest rates caused this? Shock, who could have guessed?

Honestly there's only so much you can dupe consumers until a large majority starts thinking before spending 1.5k on what is essentially the same thing they already had (except still not slowed down on purpose)

If you kept reading you'd easily find out that most of these companies and mod specifically their CEOs were using debt money to buy back their own stock to boost their company's stock price. The interest rate is an important stop gap the Fed has, this is nothing to do with government because interest rates were always going to come back up.

All tech is down in the last 3 months. Every major tech company is taking the same nosedive and the Nasdaq has been falling in the same pattern.

Tech is usually the market hit first during a recession because they're considered riskier. I'm not really shedding a tear though, because a lot of them are massive assholes just like the others.

And so, Tim Cook approved the new price of the Xr, $700, but did so not in good will.

Yes, and they were buying their stock back with that debt because the interest rates were so low. And are you trying to say the Fed had nothing to do with the Government? Funny.

Tim Cook should be fired, this is what happens when you put almost all of your eggs in one basket. Phone sales have peaked and everything else is overpriced

meanwhile I went to an Apple Store for a battery replacement. The tech ripped the power cable, declared the phone dead, and gave me a brand new iPhone 7.

"Those damn chineses won't buy our phones!" Just remember that Apple thought it was good idea to fire Jobs.

To be fair, Apple wouldn't be where it was without the firing Jobs. One could argue that failure itself made him more mature.

People are getting pissed at Mac computers too. A lot of people in video and audio want a new Mac Pro, but haven't seen a refresh of the trash can in so many years. People are switching to Windows workstations.

And it was? Jobs was losing it when he was fired. He was over-extended, he was dead tired, and had lost a lot of the creative and innovative approaches he had started up with. He was still "Steve Jobs", and still had that characteristic to him, but he wasn't working out for the company at that time. Him being fired, and losing control of the company, and Apple subsequently going through a serious period of failure and loss is what allowed the opportunity for Jobs to 1) Come back and 2) come back with big ideas.

Who knew that adding a notch and removing a headphone jack would be such an expensive idea?

No, I think their problems started as early as 2013. Them knowing about the bending of the iPhone 6 Plus and releasing it anyway was a red flag.

I don't understand how Apple has survived. They're ARE actually conning people out of their money

I sound like an apple fag but not having a headphone jack isn't as noticeable as you'd think. Everyone and their dog has an iphone these days. They've released so many of them that are fairly similar there's a glut of them on the market- normal people don't buy the new iphone because it's just the new iphone (only stupid/rich people do). The new iphones just haven't really added anything the average user particularly cares about.

IMO iPhones being useful for so long has been a big driving factor in why sales have dipped. Back in the 3GS/4/4s days the older iPhones of that era were absolutely piss poor on the latest iOS versions, you were basically forced to buy the new iPhone unless you wanted to suffer. In the modern age it's still more than possible to use a 5 year old iPhone or iPad (2013's iPhone 5s and iPad mini 2 are still supported), and still get all the latest updates and app support, especially since Apple released iOS 12 which was faster than the previous iOS version for older phones. It's the boat I'm in, I don't really see a compelling reason to upgrade from my iPhone SE anytime soon. The camera is still excellent, it's very speedy, and it will keep getting iOS updates for years to come despite running on a 3 year old SoC. Same with my iPad, it has the same SoC and I will probably hold onto it for the same length of time. Sure, the new stuff is cool, but I don't think it would change my life too much so I'm content with sticking with my current phone. I have to imagine there are a ton of other people who think the same.

I'm saying that we're already seeing the stupid arguements we saw with the 08 crash that it was actually entirely the government's fault when its the buisnesses engaged in bad practices.

I mean the iPhone is a good product. It's not nearly as perfect as some would lead you to believe (and it has some baffling UI choices imo), but it's pretty solid, you get updates, and the phones stay perfectly usable (not that that changes the fact that people upgrade every two years for no good reason). And up until the recent couple of years, their prices have been broadly in line with other companies'. It's obvious that the margins on the XS models are extremely large, though.

Unless you've got an older model and Apple decides you don't matter anymore so they release an update that tanks your battery life and claims it's a feature.

I mean I'm on a 6S and while the battery life isn't great, it's usable at least. It's not really too different from what my Lumia 840 was three years into its life. Smartphone OSs are getting heavier to run all the time (there's a reason why "flagship" devices are shipping with 6GB of RAM nowadays, even though it seems ridiculous to me), and smartphone hardware is moving along pretty quickly, still - I'm not sure this is so much a symptom of Apple deliberately sabotaging older phones as it's simply other manufacturers' phones never getting updated for long enough for it to matter. Though I wouldn't be surprised if Apple refrained from optimising stuff.

They're more likely to increase prices to bilk more money out of their remaining cultists rather than try to broaden the market share.

I feel like a new smartphone brand wouldn't be enough, Apple itself is a premium brand that they wouldn't want to tarnish. They'd need to pull some Alphabet type style shit and establish a whole new corporate unit for low-end products called Pear or something I don't think they'll actually do it though

i feel like that would go pear shaped really fast

I really do love seeing virtually the only phone manufacturer that values privacy losing relevance. No idea why people are happy with this; sure Apple price gouges, but the products are genuinely terrific, and they have shown time and time again that they are willing to fight for their consumers privacy rights. If you think for a second that any Asian manufacturers are doing the same, you are going to be very disappointed when it turns out that your every detail has been handed over to whichever government/third party demanded or paid for it.