Apple stock. Ouch!

[bif]

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.

[spooky3]

1. In my experience, people overreact to mildly bad news from Apple.

It will very likely bounce back soon.

[emulatorloo]

11. Sounds about right.

Also DU tends to look for “bad news” about Apple and get all hyperbolic about it. JMHO of course.

[Tetrachloride]

2. iphone sales are seen as drivers of their other segments

such as App Store

also China supply interference has gone up regarding gallium

[KPN]

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

see something coming and this is just a self-fulfilling adage this time around? The markets have been totally nonsensical to me almost since TFG descended down that elevator in 2016.

[we can do it]

4. No

[emulatorloo]

12. No, never heard that.

[KPN]

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

[emulatorloo]

15. ...

[GoodRaisin]

16. Yes.

I’ve heard it. I believe that was in the sense that they have the largest market capitalization value. Apple and a few other company’s like them have been given credit for driving much of the market rally this year.

[Tetrachloride]

5. PE ratio is 29

a 10 percent drop would be share price of 162 and a PE of 26

[bif]

6. Whenever I see a dip like this

I take a look at its 1-year chart and I feel a whole lot better.

[Tetrachloride]

7. analysts

https://markets.businessinsider.com/news/stocks/is-apple-stock-s-risk-reward-still-attractive-after-q3-earnings-lighter-iphone-revenues-new-chapter-of-how-investors-view-apple-1032518725

[Tetrachloride]

8. Several years ago, AAPL changed its way of giving guidance

[Tetrachloride]

9. Gross margins are quite high

Sustainability is my question

[emulatorloo]

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

My take/experience is similar to spooky’s. But of course time will tell.

[spooky3]

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