'Nightline' Looks at Apple's Woes as Stock Declines 20% from All-Time High
Apple's stock is now down 20% since its all-time high set in mid-September, with investors concerned about the company's prospects for the future amid a management shakeup and questions about where the company's next major revenue growth driver will come from. Samsung's rise to prominence in mobile device markets is also weighing on Apple as the iPhone's market share growth has slowed or even declined in recent quarters.
The difficulties being experienced by Apple are gradually gaining higher visibility outside of the financial markets, with ABC's Nightline running a segment (via Fortune) addressing the issues. The evening news show had previously been granted access to Foxconn factories producing Apple products in response to public criticism over worker treatment at the facilities.
Apple is expected to have a monster holiday quarter on the strength of the iPhone 5, iPad mini, fourth-generation iPad, and updated iPod and Mac models nearly across the board. But with Foxconn still
struggling to meet demand for production of the iPhone 5, which is Apple's primary revenue driver, there are some concerns about whether the quarter's performance will be quite as big as many are hoping for.
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Top Rated Comments
Not so much with the software.
What retards.
On a different note, where are these articles about google losing more than a 100pts in only two weeks?
With 56 analyst recommendations to buy AAPL vs. only 5 "holds" and 2 "sells" there is a long way to go for this stock to wring out excesses. Based on the chart, etc I will start to nibble at $200.
No thanks Tim Cook :rolleyes:
This is the greatest buying opportunity I have ever seen.
Everybody should be taking out home equity lines of credit and using the proceeds to buy Apple stock. See if you can refinance your car loan. Take everything out of your 401(k) and IRA accounts. Buy on margin. Buy options. Take next month's rent money. Do whatever you have to, but BUY!