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Apple shares fall below $400
on fears of slowing sales

BBC News [UK], by Staff

Original Article

Posted By:NorthernDog, 4/17/2013 10:46:09 PM

Shares of Apple dipped below the $400 mark for the first time since December 2011 amid concerns over slowing sales. Its shares fell as low as $398.11 in Wednesday trading, before ending the day down 5.5% at $402.80. The concerns were triggered after one of its suppliers, Cirrus Logic, which makes sound components for the iPhone and iPad, reported a decline in sales. With Apple due to release its latest quarterly results next week, some fear the numbers may be underwhelming. According to various estimates, demand from Apple accounts for nearly 90% of Cirrus´s revenue.

      


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Reply 1 - Posted by: bob913, 4/17/2013 11:38:33 PM     (No. 9281668)

They got nothing new. The stock got to a high of about $699 back around Sept 2011 then has fallen steadily since.
They are also building a huge new office building of around 2.5 million square feet that has ballooned up in price from $2 billion to over $5 billion.

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Reply 2 - Posted by: PapayaSF, 4/18/2013 12:00:13 AM     (No. 9281703)

Man, aren´t we spoiled about Apple! They revolutionized computing with the original Apples, then with the Mac, invented laptops with the keyboard against the screen and a trackball or pad in front, took over the MP3 player market with the iPod, revolutionized digital music sales with the iTunes store, revolutionized cellphones with the iPhone, and practically invented tablets with the iPad. But hey, what have done since 2010? Slackers!

And those cost-overruns on the new campus will be crippling hit on their ever-growing cash horde of $140 billion.... Oh wait, no it won´t.

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Reply 3 - Posted by: Pete Stone, 4/18/2013 1:05:36 AM     (No. 9281751)

During the late Seventies and through the Eighties, Apple revolutionized personal computing thanks to Wozniak and other technical geniuses. The Apple IIc and //e were really good machines. The Mac was okay except for its tendency to crash -- a lot. Then the company´s emphasis changed to marketing and catering to smug trendoids. That was Steve Jobs´ way of doing things. The Woz was long gone by the Nineties. Lately all Apple has done has been superficial. Patenting a square shaped phone with rounded corners and then suing Samsung? Come on!


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Reply 4 - Posted by: ROLFnader, 4/18/2013 8:02:50 AM     (No. 9282001)

This is scary because I think that our entire economy is based on the latest story (with Iphone video) of how long the line is to buy the newest Apple Digital Widget.

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