Between the Lines

Larry Dignan, Andrew Nusca and Rachel King
Home / News & Blogs / Between the Lines

Apple takes a big fall

By | January 23, 2008, 9:40am PST

Among all the tech stocks Apple is taking the biggest beating today. Halfway into the trading day Apple is down over 17 percent. It just shows how the mighty can fall based on making some conservative projections for growth and an extremely skittish market. Even in the post-Macworld aura, the reality distortion field of Steve Jobs can’t hold up the stock.

apple3.jpg

Apple is not alone. Google has been on a similar trajectory in the last month.

google4.jpg

Kick off your day with ZDNet's daily e-mail newsletter. It's the freshest tech news and opinion, served hot. Get it.

More from “Between the Lines”

Topics

Google Inc., Apple Inc., Investment, Finance, Dan Farber
7
Comments
Add Your Opinion

Join the conversation!

Just In

RE: Apple takes a big fall
SquishyParts 23rd Jan 2008
I meant ZDnet of course. Apple just had it's best quarter
ever & sold more ipods & macs than previous quarters.
View in thread
0 Votes
+ -
Panic time for stocks?
Ken_z 23rd Jan 2008
I think that it's going to be panic time for a lot of investors,
especially since the President came out with a $145 Billion
stimulus package he said was urgently needed and actually
agreed to work with Congress in order to get it out fast. That,
in itself, is a bit scary! happy

I also believe that investors that know Apple and Google (and
other similar companies) will not panic, but will take advantage
of the price cuts. A year from now these companies will report
profits for 2008, increased sales and increased cash positions -
even if their stock is in the pits.
0 Votes
+ -
Ah, come-on... Steinway!
dascha1 23rd Jan 2008
Make your own mind up - but my belief today for tomorrow is on a music tech stock
that's been around for Long time now.

NYSE: LVB
0 Votes
+ -
Apple is doooooomed!
frgough 23rd Jan 2008
If you can afford it, it's time to buy.
0 Votes
+ -
Humpty Dumpty....
D T Schmitz 23rd Jan 2008
nt
0 Votes
+ -
It will be back at 160 by end of Feb
mlindl 23rd Jan 2008
if not sooner.

Buy NOW, it's already back up over $10 from the day's low. If you had 100 shares,
that's $1000 in a couple of hours.

Not as much as NonZealot and ShadeTree make but up there anyway!!!
0 Votes
+ -
RE: Apple takes a big fall
SquishyParts 23rd Jan 2008
More BS from the site that knows how to shovel it.

http://www.macworld.com/article/131780/2008/01/1qa
nalysis.html
0 Votes
+ -
RE: Apple takes a big fall
SquishyParts 23rd Jan 2008
I meant ZDnet of course. Apple just had it's best quarter
ever & sold more ipods & macs than previous quarters.

Join the conversation!

Formatting +
BB Codes - Note: HTML is not supported in forums
  • [b] Bold [/b]
  • [i] Italic [/i]
  • [u] Underline [/u]
  • [s] Strikethrough [/s]
  • [q] "Quote" [/q]
  • [ol][*] 1. Ordered List [/ol]
  • [ul][*] · Unordered List [/ul]
  • [pre] Preformat [/pre]
  • [quote] "Blockquote" [/quote]
ie8 fix

The best of ZDNet, delivered

ZDNet Newsletters

Get the best of ZDNet delivered straight to your inbox

Facebook Activity

Blog Roll

Blog Archive

White Papers, Webcasts, & Resources
ie8 fix