Put on your hard hat Partial - Apple stock falling

[Tyrone Bigguns]

http://blogs.moneycentral.msn.com/topstocks/archive/2008/02/25/apple-two-months-to-a-52-week-low.aspx?PageIndex=3

From barrons:
Sacconaghi says that weekly run-rate sales in the December quarter were about 180,000 units, or less than 10 million on an annualized basis in the busiest quarter of the year for consumer electronics sales. That leads him to conclude that the goal of selling 10 million units in 2008 is optimistic, “particularly if Apple insists on carrier revenue-sharing, without significant price cuts or new model introductions.” He says European sales of the iPhone have been “particularly disappointing,” falling short of carriers’ initial expectations. Sacconaghi is projecting 1.45 million units in the March quarter, 6.9 million for the September 2008 fiscal year and 7.9 million for calendar 2008.

[Partial]

What stocks in general haven't done bad the past couple of months?

I don't see this as much of anything. Apple is as strong as ever right now.

[Freak Out]

Buy Visa.

[Freak Out]

http://arstechnica.com/journals/apple.ars/2008/02/25/apple-hordes-18-billion-like-depression-era-grandmother

[digitaldean]

The iPhone has changed the way cell phones are made. Case in point are all the "me-too" iPhone knockoffs. I thought their projection for iPhone sales, however, was overly rosy. Until they get it off that dog ass slow Edge network from AT&T, they will see sales not be as robust as predicted.

As for Apple's market share in the computer market, I think it will continue to expand. There is a large amount of disgruntlement about Vista being nothing but a money grab. (case in point being Dell still allowing users to still buy PCs with XP on them).

That being said, Microsoft is dropping XP support. But there are few things really new about Vista that warrants upgrading all your apps and hardware.

Will it ever become as big as the Windows market, probably not. But the steady increase and the continued missteps by Microsoft will move more people to the Mac.

Open source platforms (i.e. Linux) will increase significantly as well.

In short, the news of Apple's demise is greatly exaggerated.

[Charles Woodson]

What stocks in general haven't done bad the past couple of months?

I don't see this as much of anything. Apple is as strong as ever right now.

actually there are quite a few stocks that have done well despite the past few months...

Bank of America has done pretty well.

And i also have some other small name stocks, that have done me well, Citi trends, riverbed tech. A few of the credit card companys have been doing decent.

[Tyrone Bigguns]

The iPhone has changed the way cell phones are made. Case in point are all the "me-too" iPhone knockoffs. I thought their projection for iPhone sales, however, was overly rosy. Until they get it off that dog ass slow Edge network from AT&T, they will see sales not be as robust as predicted.

As for Apple's market share in the computer market, I think it will continue to expand. There is a large amount of disgruntlement about Vista being nothing but a money grab. (case in point being Dell still allowing users to still buy PCs with XP on them).

That being said, Microsoft is dropping XP support. But there are few things really new about Vista that warrants upgrading all your apps and hardware.

Will it ever become as big as the Windows market, probably not. But the steady increase and the continued missteps by Microsoft will move more people to the Mac.

Open source platforms (i.e. Linux) will increase significantly as well.

In short, the news of Apple's demise is greatly exaggerated.

Changed the way phone calls are made? How so?

Knockoffs? LOL U.S. cell phones including apple are always behind foreign phones. There isn't one thing unique to the apple phone..is it better at doing what was already there? Mabye..but, it didn't invent anything.

And, it won't lead the next charge as well. Haptic baby.

The iphone wasn't just a phone, it was part of Job's master plan to control your living room. Too bad that won't happen as appletv is a "hobby" now.

Computer market. Unfortunately no. They aren't doing well were it really counts...overseas and underveloped nations.

Apple are fad/cool items. That is a limited market. Most people view a computer as simple consumer appliance..they want to surf and email. They aren't going to pay for a mac just as they aren't paying for alienware.

[Partial]

What stocks in general haven't done bad the past couple of months?

I don't see this as much of anything. Apple is as strong as ever right now.

actually there are quite a few stocks that have done well despite the past few months...

Bank of America has done pretty well.

And i also have some other small name stocks, that have done me well, Citi trends, riverbed tech. A few of the credit card companys have been doing decent.

Sure, a few individual stocks have done well. Take a look at the dow though. Yikes.

[Partial]

Google profits are down 12% from the 4th quarter. OMG, the world is ending!!!!!!11one!!!!!!!!!

[Zool]

Google profits are down 12% from the 4th quarter. OMG, the world is ending!!!!!!11one!!!!!!!!!

Mac nerds are so damned defensive. Its odd that you have loyalty to a corporation. They couldn't give 2 shits about you man.

[Partial]

I have no loyalty to anyone. I don't even own a mac!

I am merely saying that the economy is crap. Google is even down. I don't know for sure but I imagine it has been a long time since that happened.

[Zool]

Its your image in the mirror.

[Tyrone Bigguns]

Google profits are down 12% from the 4th quarter. OMG, the world is ending!!!!!!11one!!!!!!!!!

Profits are one thing..falling from around 200 to closing in on 100 is another.

[Partial]

Google profits are down 12% from the 4th quarter. OMG, the world is ending!!!!!!11one!!!!!!!!!

Profits are one thing..falling from around 200 to closing in on 100 is another.

Apple is making oodles, and oodles of money. Perhaps it is because they just put away another 3 bill into their csah reserves.

Apple has almost 19 billion US dollars stashed away. That is in cold hard cash. I am not the least bit concerned about them nor should anyone be at this point. There Mac sales growth has been at an extremely rapid pace, and they will get the word of mouth of the pleasant experiences from this gen of Mac users telling their friends for their next computer purchase.

If I had some spare money right now, I would throw it in Apple as its a good time to buy.

[Freak Out]

I don't think the time to buy is just yet. The bottom is going to fall out soon and retail sales are going to nosedive.