[CuittisIL]

This is obviously caused by the Gates-Seinfeld commercials. Until Apple comes out with a Platinum Clown Club card, they are toast.

[proslaviy]

OMG, the world is ending! < /chickenlittle >

[NewYorkDoctorD]

Eh?

[Druspills]

Down almost 20% now to 103...

[QQ9ktYrV]

This is clearly speculation on a Depression making the traditionally high priced high quality Apple products un-affordable, aka Apple products are a superior good in an economic downturn. Personally I think Apple will do ok, its always had a rabid fan base which overpays and they will continue to do so even in a depression to satisfy their insatiable fruit lust. So long as Apple can continue to produce innovative products they can't fail and an economic downturn dose not rob them of their brain power.

[maxfreemann]

Dude, the whole market is in the toilet. This is not the most convincing time to point out that any given stock is falling. Frankly, you sound almost as desperate to make your point as Aggy usually sounds in making his.

[marketheal]

because most of its value came from expected future earnings, which as I said as ridiculous and OVERVALUED since it was unpredictable. EVERY stock is traded on that same principle. The physical assets of the company are not important because stock is NOT a share of company assets, future profits and dividends (and the public perception of them) are the only thing that gives stock value. Under your standard no stock is worth anything (which I might be inclined to agree with if you applied your standard universally and made a good argument for why stocks are a sham).

[Oriesssedleli419]

Originally posted by Victor Galis
I'd imagine this might also have something to do with the phone Google and T-Mobil are launching I doubt it.

[lionsiy]

Well, google's phone is a rival to iPhone in a sense that they compete with the same customer base, that is technology enthusiasts who compromise because they dig the brand more than the actual functionality and features.

This is to say that they are competeing the US market and a small percentage of EMEA and Asia. This will likely hurt Apple the most, as Google is just expanding, and both of them are not able to challenge the big players in global bashing of the phone market, so I'd expect it to plummet regardless.

[tyclislavaify]

Even a broken clock is right twice a day.