Apple Halts Trading, Cuts Guidance for Fiscal Q1 2019

Apple Halts Trading, Cuts Guidance for Fiscal Q1 2019

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1reader - January 2, 2019 at 10:13pm
Just a small decline, for now, we will see how this plays out.
curtixman - January 3, 2019 at 12:13am
I’d be interested to know what you would consider to be a larger than “small decline”. Apples stock has lost 70% of value in 3 months. Are you high?
1reader - January 3, 2019 at 3:40am
I forgot the air quotes :( And it’s not 70% if we need to accurately
curtixman - January 3, 2019 at 8:04pm
Is any of that English?
curtixman - January 3, 2019 at 8:14pm
Three months ago Apple stock was at $232/sh and is currently trading at $142/sh. It hasn’t traded this low since April of 2017 and there is no reason to expect that revenues will increase substantially. In fact, all indications would seem to point to a decline. The primary driver of revenue for years has been less about increased device sales and more about expanding into new emerging markets. In the past year Apple has worked full time at expanding service and platform revenue but, not nearly enough. Apple will continue to lose revenue from retail sales and gain revenue from platform services but, they are far behind the ball on rolling those out and marketing them. Also, there is a ton of competition in that sphere. Apples tendency to lock down platforms to harness sales will not be as well received into the future as it’s been in the past. They need to tread very carefully
1reader - January 4, 2019 at 5:05pm
It’s around 62% if you look at that 232 stock price (which was reached only because new items were coming out)