Rumor: iPhone Production Slows. FACT: Apple Stock Falls

[Jeff]

FYI -


Posted August 1, 2007 1:00 PM by Gregory Ng

Categories: Business News


Apple stock fell 6.8% to 131.76 marking the single biggest day decline in its value since April 2005. This comes after a New York trading firm Miller Tabak & Co. reported Apple cut their iPhone order from 9 million units to 4.5 million units.


My how times have changed. A mere month ago, there were people (including me) who were worried we wouldn’t get our hands on an iPhone. Now it seems Apple is afraid they will have too many.


However, there is no confirmation of this report yet. In fact, some other analysts have questioned the validity of this report citing the secretive nature that Apple does businesss.


Others feel it may in fact be iPods that have slowed production, not iPhones. Apple still maintains they are confident of their goal to sell 1 million iPhones by the end of the quarter and 10 million in 2008.



Link: http://www.iPhonematters.com/article/rumor_iphone_production_slows_fact_apple_stock_falls_930/

 

[SCMedic]

FYI -


Posted August 1, 2007 1:00 PM by Gregory Ng

Categories: Business News


Apple stock fell 6.8% to 131.76 marking the single biggest day decline in its value since April 2005. This comes after a New York trading firm Miller Tabak & Co. reported Apple cut their iPhone order from 9 million units to 4.5 million units.


My how times have changed. A mere month ago, there were people (including me) who were worried we wouldn’t get our hands on an iPhone. Now it seems Apple is afraid they will have too many.


However, there is no confirmation of this report yet. In fact, some other analysts have questioned the validity of this report citing the secretive nature that Apple does businesss.


Others feel it may in fact be iPods that have slowed production, not iPhones. Apple still maintains they are confident of their goal to sell 1 million iPhones by the end of the quarter and 10 million in 2008.



Link: http://www.iPhonematters.com/article/rumor_iphone_production_slows_fact_apple_stock_falls_930/

This is confirmed BS, propogated by BS "Analysts" trying to make a buck.. It has been retracted publicly yesterday afternoon, and AAPL's stock rebounded today...

Totally BS!

 

[cmoney]

It does show how nervous current investors are. Dealbreaker.com put it best: Apple currently has no room to make mistakes.

 

[Martlet]

Roughly Drafted has a different take on all these analysts and their Apple rumors.

http://www.roughlydrafted.com/RD/RDM.Tech.Q3.07/37FE0607-A14F-4E6F-B415-8247A88D4CB8.html

Basically, you can nuke Redmond, WA, and Microsoft's stock price won't wiggle, but you can hint at your brother's cousin's hairdresser's sister's friend told you that a FedEx truck got a flat tire on the way to the Apple Store in Kamchadka, and you can turn a 5%+ profit on the daily stock price.

So all the brokers are playing pogo stick with Apple's stock price through the media.

Ignore the rumors, they're only meant for you if you're buying Apple stock on someone else's recommendations, and they can scare you into selling when they need you too.


"In the last ten years, Microsoft's stock is only up 69.8%.
[...]
In those same ten years, Apple's stock has gone up 3440.9%."


Don't worry about the daily stock price... worry that you didn't buy into Apple 10 years ago!

 

[geordisjd]

Up 3.24% today

According to my iPhone. But maybe it's lying. Bought $2,000 of Apple stocks over 5 years ago when the shares were down to 13c. I now have almost $15,000. If all my other investments had been as wise and enlightened, I could have retired early and would be enjoying my new yacht cruising around some Greek island right now. Instead, I'll be working till my hair turns white and my teeth fall out.

 

[cj sparrow]

Once the market started listening to reputable analysts and investors, Apple stock stabilized. This is common for any tech stock, not just Apple.

However, this is a problem across the entire market. Investors are so hungry for any news, they will react on anything they hear without confirming the story.

For Apple, the high numbers for production and sale of the iPhone were primarily numbers promoted by investors and analysts. The market has continued to call Apple's own projections "conservative" because Apple is conservative in this area. Personally, I think Apple knows its market the best. I heard one analyst say recently that he expects Apple to sell 45 million iPhones in 2009. Where the heck did that number come from?

The moral of this story is if investing in Apple makes anyone nervous, then don't. Apple is a long-term investment company where you can buy the number of shares you are comfortable with and hold them. The company is solid, and will continue to grow, in spite of investor predictions.

 

[SCMedic]

As an AAPL stock holder, albiet at 27 years old, I can say this...

Tuesday's announcement, and this back to school stuff is going to be AWESOME! I imagine the stock will creep around 136-140 till Tuesday, and then maybe 145 for the next week or two... That is a generalized opinion though, so don't hold me to it. I'm learning.


Although, I still have my etrade account charged up and ready for the VMWare IPO on the 14th.

 

[aggieman]

i would like it to keep falling so i can buy some. they can keep on pumping out all those rumors!