Apple investors miss one more thing

Hey, you can't announce a new iPhone every year.

[Nate @ Jan 15th 2008 2:36PM]

well all the markets are going down at this point.

[aoeu00 @ Jan 15th 2008 2:37PM]

Sell! Sell! :D

[liin @ Jan 15th 2008 2:53PM]

Isn't recession the time to buy?

[Paris @ Jan 15th 2008 3:02PM]

"Isn't recession the time to buy?"

Not if you are spread betting.

[liin @ Jan 15th 2008 3:10PM]

Well, a time with more cautious investors and less overly-optimistic market means less buyers, which will bring prices down at least closer to valuation if not lower, no?

[Naveen @ Jan 15th 2008 3:22PM]

"Isn't recession the time to buy?"

Not the start of the recession though. You buy when the recession is well underway and all the bad news has already been discounted for. Probably a year from now.

[NotSure @ Jan 15th 2008 9:38PM]

That and during a recession, budget brands traditionally do well. People become more price conscious, shop at WalMart and similar places.

I would expect Dell and Asus to do well in the coming year or two because they are price and value conscious.

[Cash @ Jan 16th 2008 3:05AM]

Asus is anything but price concious. Don't get me wrong, their products are great, but I don't think anyone has ever accused Asus of being a budget brand.

The best value in computers right now would probably be products from Dell, Acer, and Gateway. A brief browse of your local Walmart and BestBuy will confirm that.

[Chebwa @ Jan 15th 2008 2:37PM]

Where's the new Mac Mini (the "Mac Slim")?

[michaelscrip @ Jan 15th 2008 6:59PM]

No more tiny desktop computers! Give us a plain Mac in a tower case, extra drive bays. There's no reason to make a desktop computer that is 7" square.

[Grandalf @ Jan 15th 2008 2:38PM]

looks like tomorrow would be a good day to buy some more apple stock :)

[henryenriquez @ Jan 15th 2008 2:42PM]

What? On the bounce? I'd get some today and maybe some tomorrow, if bargain hunters don't drive up the price.

This is what happens when a company beats its drums as often as Apple does; investors expect stellar announcements all the time, and punishes it in the absence thereof.

[LegendZ28 @ Jan 15th 2008 2:58PM]

The stocks were heading down all week. Usually they swell before the announements and fall afterwards. This time there was no swell, but the fall is still there.

I should have sold when it was at 200 and bought back now, stupid me.

[SteveMB @ Jan 15th 2008 5:23PM]

Not after the release of their new product!

[John @ Jan 15th 2008 2:39PM]

I think we all saw this coming... Apple TV was a wash the first time, new firmware (and pay to upgrade your firmware!). The most exciting announcement Jobs made was that Microsoft was releasing a new version of Office for Mac.

[Jakob @ Jan 15th 2008 2:48PM]

I don't agree with you, it was some nice stuff. I'm not sure on the MBA, and think I've to wait to it arrive in the drunken countries (Denmark and Sweden)

Just missed the "One More Thing" :P

[Ian Eisenberg @ Jan 15th 2008 8:03PM]

What the hell are you talking about? There is no charge to upgrade the AppleTV.

[rick @ Jan 15th 2008 2:40PM]

don't sell! all the more reason to buy!

[LegendZ28 @ Jan 15th 2008 2:59PM]

Hahaha, I take it you too have stock in Apple.

[davis @ Jan 15th 2008 8:05PM]

Options expiration week....

The big money is trying to get the stock to around $140 so most calls and puts will expire worthless.

After This weekend, we'll rally into earning.... I hope....

[cikakure @ Jan 15th 2008 2:50PM]

I just bought 55 shares this morning at 178......

:( so i am not happy..... but i am sure it will bounce back.....

[justin @ Jan 15th 2008 3:10PM]

Ladies and Gentlemen! James Blunt!!

So You Had a Bad Day...

[Reid @ Jan 15th 2008 5:11PM]

Poor choice; it tanks after each and every keynote, no matter what they release.

The difference is, usually there is a $10+ runup in the days leading up to the expo. The markets have been too unsettled for that lately.

I was going to sell the day before the expo, but because the price has been barely doing jack lately, I thought maybe it wouldn't drop this time. So I guess we both bet wrong :)

I had been wanting to buy Apple since it was at $50 and am just recently in a position to buy. Fortunately I bought at 140, sold at 185, bought back in at 165, so at least I'm making my money off of it. Just wish it would go back up for good. Damn spooked investors are causing havoc all over the market.

[Tim Abbott @ Jan 15th 2008 11:54PM]

your not the only one.....

[Eric M. @ Jan 15th 2008 2:45PM]

Well investors have been saying that Apple's stock has been overpriced for a year now. Evidence by how even with the iPhone and Leopard selling like hot cakes, the price still dropped without a huge excitement.

But hey, heres to a good fiscal Apple year so Microsoft will get off their butts and put out a great service pack for Vista or a new Windows all together (Yeah I'm a Vista user hoping for some great competition this year!)

[John @ Jan 15th 2008 3:06PM]

Windows 7 is under development, with a release date of sometime in 2010, I think.

[Cap'n Jack @ Jan 15th 2008 4:10PM]

Funny how everything from Apple is overpriced...

[Joseph @ Jan 15th 2008 2:46PM]

This should be expected..... the markets over react to apple events and many free-lance and non-technical individuals invest in stocks that they regularly see and are excited about -- this is for many apple. The stock itself dropped after the Ipod touch event, but I am not sure how much of this is due to disinterest in the products as much as its a correction after a shoot up in the price prior to the macworld date

[Ben @ Jan 15th 2008 2:48PM]

Bill Gates: I drink your milkshake jobs, I drink it up!

[CharlieX @ Jan 15th 2008 3:13PM]

Ha ha. nice one

[Grant @ Jan 15th 2008 2:48PM]

everyone knows something new is coming with Macworld.

Any investor that was looking to make a buck off of the keynote would have bought stock a week or more ago. stocks only go shooting up if something is announced unanticipated.
This is the natural market flux, nothing more, nothing less.

[Brad @ Jan 15th 2008 2:49PM]

When I last looked AAPL was down 7%. Take the optical drive out of just about any notebook (13" Dell, Sony, HP) and it will be close to 3lbs, not to mention the limitation of 1.8Ghz processor and a 4200RPM 60gb hard drive! Apple has some well designed products, but I'm afraid this one crosses the line from being functional to just being a shot at stripping all components from a laptop to make it thinner and more light weight. Not to mention the worst battery life of any current Apple laptop.

[LegendZ28 @ Jan 15th 2008 3:00PM]

Worst? If I got 5 hours on my Macbook Pro, I'd be ecstatic. Is that what I'm supposed to be getting? If so, I need to call tech support.

[Brad @ Jan 16th 2008 3:18AM]

Apple claims you should be getting 5.25 hours with your Pro. Perhaps you should call tech support. Wait 1-2 days for a box, ship the box, wait 1-2 days for them to fix it, and wait another 1-2 days for them to ship it back to you. Or just go with about any other PC manufacturer and get standard next day repair? Good luck with either route you choose.

[thetinguy @ Jan 16th 2008 2:00AM]

Yes it is what you are "supposed to" get. The advertised figures may or may not reflect actual figures. so yes and no.

[PK @ Jan 15th 2008 2:54PM]

As far as I can remember, this happens every year during Macworld (and during other big consumer product announcements from companies).

"Buy on rumor, sell on news..."

[Handle IT @ Jan 15th 2008 2:50PM]

Everyone relax... Apple stock has a history of going up before the MacWorld keynote and going down after the keynote. That's what happens when people have extreme expectations.

[pooptypeuptypants @ Jan 15th 2008 2:52PM]

just wait until they come out with the iToothbrush and iToiletPaper, then the stock will take off. yes those are real products to be announced at Macworld 2015.

[wookee88 @ Jan 15th 2008 3:57PM]

hey, you're forgetting iCrap!

[who? @ Jan 15th 2008 2:51PM]

This is mostly due to the current downward trend of the stock market, and has little to do with the MacWorld keynote. You may have some investors selling because they don't anticipate great growth over the next year, but it was down 6-7% prior to the keynote. Don't just buy, because Apple's stock price has been overpriced. Do your research, make an informed decision, then chose to buy (or not).

[Andir3.0 @ Jan 15th 2008 3:31PM]

Whoa now... research?

You know this is the Internet right?

[ED @ Jan 15th 2008 2:55PM]

It goes up and down during the keynote...

http://www.winandmac.com/news/macworld08/apple-stock-dropped-below-170/

[DT @ Jan 15th 2008 2:55PM]

Earnings are next week, people. BIG earnings.

[Joe T. @ Jan 15th 2008 3:20PM]

I hope. I bought a bunch at 172.

[Adam @ Jan 15th 2008 2:56PM]

I guess we're not the only ones disappointed by the MB and MBP not getting any updates or revisions. I think it was widely expected, and since those two products are big sellers and would likely be huge sellers after getting some updating, the market watchers were underwhelmed.

[tv junkie @ Jan 15th 2008 3:07PM]

Totally agreed, I was sooooo waiting for that "One More Thing" to be about Macbook Pro update...but then that old man went out and start singing...Very disappointed. I need to upgrade my Powerbook G4...last year! Macbook Air looks nice, but I need a Macbook Pro.

[xploit @ Jan 15th 2008 3:06PM]

its also got to do with the citibank crash guys.. thats generally what drove down wall st on a whole. again wait for shipping to occur and a little increase should be expected

[Greg @ Jan 15th 2008 4:36PM]

Wow, it's not everyday stock drops when a company shows off the world's thinnest laptop. That's... odd. (Refraining from saying dumb)

[Jonyah @ Jan 15th 2008 5:19PM]

worlds thinnest or world's most handicapped overpriced laptop?

[Greg @ Jan 15th 2008 9:57PM]

Show me a laptop that thin, with those features, and tell me how much it is. There's a price for being ahead of the curve.