The only reason I can think of is that I am long. Usually, according to my experience, the market always behaves in a way least favorable to me.
why do you think it is without reason?
Negative yoy qtrly growth. Poor ad campaign. arrogant management that can't see strategic risks. commodity product, so intense competition, market near saturation, no new products in years (updates aren't 'new'), lazy bod, and on and on... may not do what NOK and BBRY did, but will likely go much lower. Management is too stupid to make the changes in the company required return it to growth.,
Your moniker tells all one needs to know about you without reading your mindless post.
The ad campaign was a genuflection postscript to the Senate hearings - designed to aid Apple's lobbyists working to get Obama to do a deal on cash repatriation. It will be gone in minutes once the lobbyists give the word.
The cellphone market was oversaturated when AAPL launched the iPhone. Don't believe me? - search for Ballmer's laughing CNBC interview on YouTube. The iPad was just a big, crippled iPod. Ballmer and CNET and all the analysts said so. The iPad Mini was overpriced and under-featured - wouldn't sell. Cook's folly. Right. They need a low-cost phone to compete with Samsung, especially internationally. Only recently did it begin to occur that the iPhone 4 was that phone, unhampered by 3G because that's all most markets have - and AAPL has been growing margins on that product, even while cutting price, by switching suppliers.
Because you're unlikely to have ever been CEO of anything - or been an officer of a NASDAQ-listed tech company (I have been both) - you can't understand what Cook and his team have been doing to fix the mess left behind by Steve.
If anything in your stupid post was true, Samsung would be rolling in cash and iOS traffic would be moving down. Neither is true - to the contrary, the S4 is a dud, the S3 must be given away to get any sales - and it's ecosystem income is zilch. MSFT can't give away the Surface to its enterprise customers no matter how it bundles it. AAPL increases its market share at good margins in laptops, and is locking up the education market globally - e.g. the $4 billion Turkish purchase. The Fortune 500 has embraced the iPad and generated tens of thousands of proprietary apps for its millions of sales reps globally. The reason why BBRY is tanking is because enterprise has committed to the iOS platform, and without enterprise, it can't get a Q10 into the consumer market.
Once the analysts get smart, stock princes will catch up
I will dispute you on no new products. New product category does not born out in months but years. Apple in fact have been doing more updates than new products in the past years. If you consider a larger size screen phone like what Samsung did is a new product than you're wrong.
First iPod was in 2001, it was not until 2007 when iPhone came out. By about 2007 people also had pronounced the death of iPod. It's been 5 years and Cook specifically said new product category just like SJ did back then. We also know SJ had his hands in this new product category.
Comparing to NOK & BBRY is wrong. Microsoft is probably a better comparison. NOK & BBRY don't make computers, sell music, make money off app sales, etc., or have an ecosystem quite like Apple. NOK & BBRY can make money not selling phones, Apple still rolls in doughs everyday with iTunes music purchase, app sales, so forth.
Plain fraud computer is running a program too price cheaper than anyone who buys..... When you buy the sell it too you buy the shares were sold too you. Then the price is dropped so the can buy it ... Sold first Bought back second everything is in reverse. If you sell they will have too buy .......
I think the reason for the decline this week is institutions cleaning up their portfolios for the end of the quarter and they don't want to show their loss on AAPL Analyst rating is 2.0 (Buy) with a $543 1 year avg estimate. AAPL cash is worth $160/share. 21% estimated annual 5 year growth rate. I have been a buyer from $440 to $385. Hoping to make it 15% of my portfolio w/ an avg cost of ~$400.
Here are some reasons for you. Shrinking sales and margins. WWDC was a dud. IOS 7 getting bad reviews. Earnings might be worst in AAPL history, new products in Fall might all be just refreshes. Not much on horizon.
Sentiment: Strong Sell
iOS 7 getting bad reviews? Holy #$%$! Wait a minute - so did the iPod, iPhone and iPad. And the iPad Mini, And Retina MacBooks.
AAPL is arguably the only company that can make margins like it does, quarter after quarter, and keep its brand so high.
See your doctor and get some antidepressants. I've got AAPL balanced with IHE and XLV, and my companies can use the margins that look like AAPL's.