Apple loses 23 BILLION since Iphone 6...

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 4 years ago '04        #1
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xplicit_03 8 heat pts
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Apple loses 23 BILLION since Iphone 6...
 

 
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Plagued with allegations of hardware that’s a little too bendy for its newest iPhone and a problematic software update, shares of Apple (AAPL) are bending.

Shares of Apple closed Thursday down $3.88, or 3.8%, to $97.87, breaking the extremely important $100 a share mark. Investors and traders are carefully watching the $100 level since that’s the same level the stock hit in 2012 before beginning a painful roughly 50% decline.

The stock has now lost a staggering $23 billion since the iPhone 6 was released on Sept. 19. The day’s loss in Apple stock exceeds the entire market value of more than half the individual companies in the Standard & Poor’s 500 index — including individual companies such as Macy’s (M) and Chipotle Mexican Grill (CMG).

What’s different this time is that there are serious questions about Apple’s once-vaunted quality standards this time. While consumers are used to Apple not being first — for instance following other phone makers with a larger screen — they like to think of Apple’s goods as perfect out of the gate. But suggestions that the iPhone 6 Plus can be bent by hand (or in the front pocket) and widespread reports of connectivity and battery woes caused by the update to the operating system, the popular theory of Apple’s products that they “just work” is under a.ssault.

Shares of Apple are still up sharply this year, by 23%, well ahead of the Standard & Poor’s 500’s roughly 7% gain. But seeing the stock lag following a key launch is not something Apple investors want. The iPhone is the most critical product for Apple so far, accounting for at least half of its stock price, says Trefis.com.

And being the most valuable stock in the S&P 500, a 3% move in the stock can put a massive weight on the entire market, as it is Thursday. Each $1 lost by Apple stock translates into a roughly 0.68 decline by the Standard & Poor’s 500. A $3 decline drags the market down 2 points, not including the ripple effect to other tech companies connected with the iPhone. The S&P 500 is down 25.59 points Thursday to 1972.71.

Of course, Apple products have had problems before. An earlier update to an iPhone would lose connectivity due to a faulty antenna design that founder Steve Jobs was able to do damage control around. But with more scrutiny on Apple, such mishaps are more difficult to scoff off and erode — maybe just a little — Apple’s well-groomed aura of perfection.

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fu*king happy I copped that Samsung.

HAHAHAHAHA

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55 comments for "Apple loses 23 BILLION since Iphone 6..."

 4 years ago '12        #2
MischiefTooReal 141 heat pts141
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$11,987 | Props total: 5662 5662
That's pretty loose, they should have that checked.
 09-26-2014, 07:19 AM         #3
Shadiah 
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 xplicit_03 said:

[pic - click to view]



Plagued with allegations of hardware that’s a little too bendy for its newest iPhone and a problematic software update, shares of Apple (AAPL) are bending.

Shares of Apple closed Thursday down $3.88, or 3.8%, to $97.87, breaking the extremely important $100 a share mark. Investors and traders are carefully watching the $100 level since that’s the same level the stock hit in 2012 before beginning a painful roughly 50% decline.

The stock has now lost a staggering $23 billion since the iPhone 6 was released on Sept. 19. The day’s loss in Apple stock exceeds the entire market value of more than half the individual companies in the Standard & Poor’s 500 index — including individual companies such as Macy’s (M) and Chipotle Mexican Grill (CMG).

What’s different this time is that there are serious questions about Apple’s once-vaunted quality standards this time. While consumers are used to Apple not being first — for instance following other phone makers with a larger screen — they like to think of Apple’s goods as perfect out of the gate. But suggestions that the iPhone 6 Plus can be bent by hand (or in the front pocket) and widespread reports of connectivity and battery woes caused by the update to the operating system, the popular theory of Apple’s products that they “just work” is under a.ssault.

Shares of Apple are still up sharply this year, by 23%, well ahead of the Standard & Poor’s 500’s roughly 7% gain. But seeing the stock lag following a key launch is not something Apple investors want. The iPhone is the most critical product for Apple so far, accounting for at least half of its stock price, says Trefis.com.

And being the most valuable stock in the S&P 500, a 3% move in the stock can put a massive weight on the entire market, as it is Thursday. Each $1 lost by Apple stock translates into a roughly 0.68 decline by the Standard & Poor’s 500. A $3 decline drags the market down 2 points, not including the ripple effect to other tech companies connected with the iPhone. The S&P 500 is down 25.59 points Thursday to 1972.71.

Of course, Apple products have had problems before. An earlier update to an iPhone would lose connectivity due to a faulty antenna design that founder Steve Jobs was able to do damage control around. But with more scrutiny on Apple, such mishaps are more difficult to scoff off and erode — maybe just a little — Apple’s well-groomed aura of perfection.


[pic - click to view]



fu*king happy I copped that Samsung.

HAHAHAHAHA

Stocks go up and down everyday B
Close this thread
 4 years ago '08        #4
Keno 19 heat pts19
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Like the dude above me said, every day. Plus, when you're sitting on 100bill+ liquid cash , I think you're in good shape.
 4 years ago '04        #5
fat_boyy21 329 heat pts329
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The thread title 'loost'
 4 years ago '06        #6
Jhnnyblz427 193 heat pts193
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Op thought he had a gem, but failed
 4 years ago '05        #7
Y.G. 27 heat pts27
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Apple loost.
 4 years ago '09        #8
mtva24 225 heat pts225
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It's lose not loose....internet pet peeve #1
 4 years ago '12        #9
SHADOW 327 heat pts327
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where does 23 billion really vanish tho
 4 years ago '04        #10
Snipper 14 heat pts14
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even the stock is bending
 4 years ago '07        #11
JoeDoe22 50 heat pts50
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 SHADOW said:
where does 23 billion really vanish tho
Its easy when its not real in the first place.
 4 years ago '04        #12
MegaTON 22 heat pts22
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 SHADOW said:
where does 23 billion really vanish tho
do you understand the stock market?
 4 years ago '05        #13
HARBINGER 451 heat pts451
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[pic - click to view]

 4 years ago '05        #14
HARBINGER 451 heat pts451
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1st page
 4 years ago '04        #15
killadre 230 heat pts230
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Op can't be this stupid...
 4 years ago '04        #16
xplicit_03 8 heat pts OP
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 killadre said:
Op can't be this stupid...
 4 years ago '04        #17
xplicit_03 8 heat pts OP
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 metatr0n said:

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 4 years ago '04        #18
xplicit_03 8 heat pts OP
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 MegaTON said:
do you understand the stock market?
Time to buy those apple stocks!!! Imma get myself 1 share.

 09-27-2014, 01:28 AM         #19
One Gud Cide 
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 Shadiah said:
Stocks go up and down everyday B
Close this thread
Yea, but they usually go the other way after a major flagship product launch
 4 years ago '12        #20
Even Kill 10 heat pts10
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 metatr0n said:

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