Apple cut parts orders for i5 due to slow sales!!!!!!!!!!!!!!

[squire777]

Apple shares trading at close to $440 today. Remember when they were over $700 and people thought that they would keep rising?

Apple has also lost a ton of market cap and is now valued less than Exxon in terms of market cap. I think they can go a lot lower as they don't have any big launches coming up any time soon.

 

[Chregu]

Apple shares trading at close to $440 today. Remember when they were over $700 and people thought that they would keep rising?

Who thought this? I mean, I have no education in economy, but only based on common sense I thought always these shares are way too high, based on nothing (this company is selling phones and a few computers for god's sake, why should this be the most expensive company in the world?).

...the same with Facebook. What is wrong with these people? Do they just think everybody else is stupid and they can make money easily by doing dumb things?

 

[squire777]

There were forecasts from market analysts and brokers that Apple was going to keep rising - I don't have the articles but I'm sure you can google them. I think some even thought the shares would reach $1000 and Apple would be the first Trillion dollar company in terms of market cap.

 

[fatclue_98]

Who thought this? I mean, I have no education in economy, but only based on common sense I thought always these shares are way too high, based on nothing (this company is selling phones and a few computers for god's sake, why should this be the most expensive company in the world?).

...the same with Facebook. What is wrong with these people? Do they just think everybody else is stupid and they can make money easily by doing dumb things?

Yes, people are that stupid. How else do you explain the housing bubble? You're forgiven if you're not from the U.S.