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Personal Finance and Investing

bif

(24,290 posts) Tue Aug 8, 2023, 11:47 AM Aug 2023

Apple stock. Ouch! [View all]

The iPhone sales slow down but the rest of the company does well. And the market proceeds to punish the stock. I just don't get it. The stock should be well over $200 IMO.

16 replies

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Apple stock. Ouch! [View all] bif Aug 2023 OP

In my experience, people overreact to mildly bad news from Apple. spooky3 Aug 2023 #1

Sounds about right. emulatorloo Aug 2023 #11

iphone sales are seen as drivers of their other segments Tetrachloride Aug 2023 #2

Hmmm ... isn't there a saying "as APPL goes, so goes the market"? Maybe the money managers KPN Aug 2023 #3

No we can do it Aug 2023 #4

No, never heard that. emulatorloo Aug 2023 #12

Hmmmm ... I have and actually heard used by a financial advisor I use relatively recently. KPN Aug 2023 #14

... emulatorloo Aug 2023 #15

Yes. GoodRaisin Aug 2023 #16

PE ratio is 29 Tetrachloride Aug 2023 #5

Whenever I see a dip like this bif Aug 2023 #6

analysts Tetrachloride Aug 2023 #7

Several years ago, AAPL changed its way of giving guidance Tetrachloride Aug 2023 #8

Gross margins are quite high Tetrachloride Aug 2023 #9

FWIW People have been claiming Apple was going out of business any day now since the 90s. emulatorloo Aug 2023 #10

Exactly. If only I had had the courage to buy their stock in the 90s... spooky3 Aug 2023 #13