AAPL shares values tanked 3.8% today as PR problems continue to stack up for Apple this week.
The disastrous release of iOS 8.0.1, along with the Bendgate controversy that has left the Internet LOLing has shaken investors’ confidence in AAPL this week, and they’re taking the rest of the stock market down with them.
AAPL shares closed at 97.88 today – down 3.80% – as investors begin to worry that Tim Cook’s version of Apple might be looking a little bit accident prone.
As AAPL goes, so too does NASDAQ and Dow Jones. The entire index was down 1.94% today, closing at 4,466.75, while the Dow Jones average also fell 1.54%, marking the single worst slide in nearly two months. Investors blamed the slipping stock prices on concerns about the global economy, as well as the growing backlash from consumers who report bending problems with the iPhone 6, and a rash of bugs that still haven’t been fixed by an iOS 8 update.
Despite the dip in Apple’s stock price, investors are still rating AAPL as a buy, with expectations of record breaking profits on the horizon aided by the release of the iPhone 6, plus a lineup of new iPads expected to be revealed next month, followed by the release of the Apple Watch in early 2015.
Buster Hein is a freelance writer who lives in Phoenix, Arizona. Twitter: @bst3r.
25 responses to “Apple shares tank, taking stock market down with them”
9 people sit on their phones and a multi billion dollar companies stock falls. Hooray for the internet. This is totally what it was intended for, right?
It’s not just about the bending phones (and just for your information my iPhone 6 has bent a little from being in my not exactly tight jeans pocket, but I don’t mind it). It is about Apple having a series of blunders that indicates to the stock market that their strengths (well-designed, smooth experiences and what-can-go-wrong software) are faltering. This is more an indication of future worth and the stock market is right to reconsider things in light of all the recent blunders.
Errr. An update that took out the cell functions of 100% of people who did OTA update? It’s not a big deal that they didn’t ONCE test the OTA update before sending it out?
All the problems with iMessages and Facetime activations. This software for a great number of people just “doesn’t work”. Go see forums 300 pages long on Apples website for details.
What about their livestream of the iPhone conference being in Chinese and with a test card over the image.
Don’t forget the hacks of iCloud photos using an exploit Apple were aware of for 6 months and did nothing about.
You’re right. Absolutely nothing whatsoever. No criticism allowed.
https://discussions.apple.com/thread/3376038?start=525&tstart=0
You’re an ass. This is one of dozens of long threads on the apple support forums about Facetime and iMessage activation problems.
You’re right about one thing: Tallest Skil is, indeed, an ass.
We’re all Apple people here, but when they fuck up,
it’s only natural to point that out. And 8.0.1 was a fuck up.
But not Tallest Skil, oh no:
Apple can do NO wrong according to him.
Keep drinking that koolaide. “absolutely nothing whatsoever, in any respect”. Tool.
Funny. I just found a thread with 1 million views on Apple Support forums for a problem with Facetime and iMessage activations… hmm. I wonder what THAT could be about???
100%? Nope, that’s absolutely wrong. 8.0.1 only negatively affected the 6 and 6+. The 4S, 5, 5C and 5S (along with iPad 2 and up and the 5th-gen iPod Touch) were all unaffected by this. I updated both my Retina iPad Mini and 5S to 8.0.1 without any issues.
I meant 100% of iPhone 6 and 6plus. Seeing as they were the only models in anyway affected.
Now you’re backtracking and qualifying. The iOS 8.0.1 (and likewise, 8.0.2) update was available for all iOS 8 devices, not just the 6 and 6+. The 6 and 6+ don’t even account for 10% of all iOS 8-compatible iPhones, let alone if you include all the iPads and iPod Touches that were just fine with it. Quit grasping at straws.
If by backtracking and qualifying you mean explaining more clearly what was meant in order to get the pedantic sod off my back, then yes. Don’t tell me what I meant against what I actually know I meant. That’s not how communication works.
You’re right; communication would require you clearly stating your point from the very beginning. You screwed the pooch big time.
Yeah, Big Time. How can the world continue?
http://www.slashgear.com/apple-knew-about-icloud-security-issues-dev-says-24347817/
Also, the person responsible for the 8.0.1 release was the same person who was supposed to make sure that the Apple Maps were good to go before releasing.
iPhone 6 gets great marks for structural “bend” design and does better than the Samsung S5 and HTC One. So, not a blunder. Apple issues one bad update (as if no other company at any time has ever issued bad updates) and corrected it a day later. Maybe a half or quarter “blunder.” Much ado about nothing except that it’s Apple, who many companies have an interest in making look bad as much as possible. In this case their worry, desperation and taking bad PR advantage was transparent and ricocheted right back at ’em!
The “awesome” Google stock is down 2.2%…
Gotta be Apple’s fault.
And this is why the stock market is so ridiculous. I why does a probably bending phone tear down Apple’s stock value (so far I can understand it) and the whole index with it? This not the problem of any other company, why the heck are they affected, too?
It clearly has nothing to do with Apple selling off 78 of its tech holdings, not at all. Some people seem to be Stockmarket experts by reading headlines. How about asking someone who works in the industry, and they would’ve told you. Don’t let hyperbole get in the way of the facts.
Facts have no place on the internet, you moron! The internet is for vitriol and speculation!
Here! Here!
This is ridiculous, very few people have an issue with their iPhone bending because they SAT on it and everyone freaks out.. Everything Apple does is under a huge microscope and any issues get blown way out of proportion. Get a case, hang tight until the 8.0.2 release is out and everything will be fine. I’m still running 8.0 and haven’t had a problem whatsoever. Stop making mountains out of mole hills and move on.
Apple has nothing to do with the down of the stock market. This has something to do with global markets and other factors like the jewish new year that keep investors out. Go to a financial site and read more about this please.
Since when is a $100 stock losing 3 beans “tanking”, you philistine?!?
Really, one day of that the whole market dropped over 200 plus points! Guys do a little research before posting this crap! By the the way apple stock is back up over 100!