Shares of Apple Inc (AAPL) closed at their lowest price since December 2006. While some may see this as a buying opportunity, the company has shed well over 50% off of their market cap since hitting all time highs above $200 per share.
Apple shares are down nearly 60% for the year. These are staggering numbers when compared to the company’s market position and enormous debt-free cash pile. Not only is Apple positioned perfectly to navigate efficiently through the next 16-18 months, they have clear, level-headed management making good decisions.
We’ve seen the explosion of iPhone revenue and the incredible long-term wealth the device will bring to Apple, but still the company is not immune. As the global credit crunch tightens and more and more company’s are forced to layoff employees, struggling to survive, does Apple seem like a good buy? Some will say yes, while others believe it will hit $60 per share. The stock is extremely volatile at the moment, however can be looked at as an incredibly unique wealth building opportunity for many people.
Apple shares crashed today closing at $80.85, up 0.36 (0.45%) in after hours trading. The last time the stock hit this price was December 28, 2006 when the stock closed at $80.87.
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13 Comments to “Apple (AAPL) Shares Get Slammed As Market Plunges”
Fucking OUTRAGEOUS !!! hahaha, wow.
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Not only a I buying the first tech stocks I’ve bought in over 12 years, but I’m making a big plunge on these stocks within the next ten days.
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You make it sound as if ONLY Apple has dropped like a stone. Has anybody not shed 50% of their share price over the last 2 months or so?
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Good point. Apple’s not the only one getting slaughtered. Though a while back I remember a few people saying Apple would never hit $80… Now those people seem to believe it’s going lower.
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I wonder if an acquisition will be in the works, maybe even a few? Something definitely needs to be done with that pile of money.
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How could all of the time they’ve spent pushing the iPhone around the world not be affecting their stock price? Shouldn’t we be seeing the 12+ mill iPhone sales reflected on Wall Street?
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Google lost more then 50% i do think that it is a buying opportunity ,Google and apple
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I think that Google is a great buying opportunity right now. Google and Apple. You’re right. I’m with you. If I had 250k I would put it in both of the companies, forget about it. And wake up 7 to 10 years from now with 2/3 million. I think Steve Jobs will be around for at least 7 or 8 more years and Google is just getting started. They still have so many places to figure out how to make money. And let’s not forget about the 25+ billion Apple has in the bank.
And, they haven’t even gotten Mobile Me perfect, and they haven’t overhauled iTunes, which should bring them even MORE marketshare. When will they do that?
Apple and Google combined should make you, your family and your kids’ kids rich for the next generation to come. If you’re smart, this time can create enormous wealth for you and the people you love. But ONLY if you don’t need the money right away. If you can afford to go long, then now is your time.
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Google lost more than 60%+, just like Apple. It’s a little riskier than Apple in my opinion.
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@Jerry Holmes: YES ! YES ! YES ! — WHERE IS THE ITUNES OVERHAUL ?!?!?!?!? This could CHANGE EVERYTHING !!!!!
oh, and by the way… your outlook on the stock price valuation is way off. 250k probably would probably not turn into 2 million, unless you mean two-thirds of a million, which would be like 650k, which could make more sense. But the iTunes overhaul definitely needs to be coming ASAP.
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Great, so now we just have no idea whether Apple is going lower? Could this be happening? WHY IS THIS HAPPENING????
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Sick. Just sick. This is just sick. Nobody knows who I am, so I’ll be honest… I got in at $150 and now it’s at $80. I looked like a genius when it was at $200, I didn’t sell cause my plan was to hold on for 4 years and now it’s at $80. I don’t know what to do and this is just sick.
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Rolls @ .. i think we need to relax and let this slop go the steeper it is the faster we get to the end of it and then guess what oops another up hill so in my opinion we will all look like geniuses sooner then we think
just hold on tight
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