Apple shares fall after muted iPhone sales

Comments (18)
mgear2 wrote:

“At least 14 brokerages lowered their price targets on Apple, reflecting concerns that it was becoming harder to sell high-end phones as markets get saturated.”
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Here’s a crazy idea, Apple: Don’t price iPhones $100-$200 more than other devices with similar — or better — technology. I mean, really… You could get an S4 or HTC One for free on contract for much of the holidays, or $50 if your timing was off. Most of the best iPhone 5S sales left a 32GB model north of $200.

Oh, and as for the iPhone 5C, how about a color or two that appeals to the large swath of the population that isn’t really into soft pastels?

These things would probably be self-evident to a company less full of itself.

Jan 28, 2014 10:47am EST  --  Report as abuse
Kiljoy616 wrote:

Apple is not Walmart, they don’t need a cheaper phone, actually their cheaper phone has taken some of the luster out of a company know for innovation and coolness.

They need to put more emphasis on bringing more products out that people want to buy. Apple is not here for some wall street scam artist and never should.

Apple is here for the consumer who wants things that work and hold up to time.

Jan 28, 2014 10:52am EST  --  Report as abuse
ort wrote:

A person just glancing at headlines would read something like this and assume that Apple had a bad quarter and that iPhone sales are down — but in reality, they sold more iPhones last quarter than they have sold in any other quarter and had the 4th most profitable quarter ever. And by ever, I mean all companies for all time. Apple just posted the 4th most profitable quarter in the history of the world… and yet the headlines all read like something bad happened.

It’s lazy shoddy journalism… and while I’m not one for conspiracy theories, this sort of thing happens enough on Reuters to make me wonder if they don’t have some ulterior motive.

Jan 28, 2014 11:28am EST  --  Report as abuse
playspeed wrote:

Market punishes Mercedes

Mercedes needs a cheaper car to keep pace with low-cost rivals, analysts said, after the company’s sales fell short of lofty expectations in the shopping season.

Jan 28, 2014 11:35am EST  --  Report as abuse
mgear2 wrote:

“Apple is here for the consumer who wants things that work and hold up to time.”
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@Kiljoy616: Is that why I still can’t get text messages from many iPhone users two months after I finally switched to Android? I really wanted to buy a 5s to replace my 3gs, but just couldn’t justify the extra $200 given than an S4 has technology that is just as good or better in most areas.

Jan 28, 2014 11:48am EST  --  Report as abuse
mgear2 wrote:

@playspeed: Right… Because no one else is making a “luxury car” like the 5s and selling it for much less… Except for at least three major rivals…

Jan 28, 2014 11:52am EST  --  Report as abuse
bobinmo wrote:

Playspeed: Now you’re thinking the same way I do. Since when were Apple products built for savvy value shoppers? Apple has never been cheap – but at the same time their quality is bar none. Better built (plus tech service) adds to the price on any item. Why is it so blooming important Apple built products EVERYONE can afford? We all accept there’s high quality goods we want but that we can’t afford such as those lovely new Mercedes. I budget carefully so I can afford my Apple world. Apple should just ignore these idiots that think everyone is entitled to everything.

Jan 28, 2014 11:58am EST  --  Report as abuse
GeorgeBMac wrote:

In their blindness caused by short term thinking and “keep up with the Jones’s, they miss the point …

Apple is not about glitz and glitter. They sell quality products — products that bring together hardware, software and an eco-system that provides their customers with solutions…

They could have chased Microsoft and HP 30 years ago — but they chose not to — even though they were the competition. Instead, they chose to build their own market niche. And, they did that very very well…

“Analysts” today are only concerned about a single, very narrow focus for a corporation: Equity valuations and returns and short term profit taking. That is NOT how you build a great corporation. Apple has always known that (well, they forgot once, but Jobs got them back on track). Hopefully they are not distracted by these idiot analysts into chasing every second rate competitor out there…

Jan 28, 2014 12:18pm EST  --  Report as abuse
GeorgeBMac wrote:

Do Mercedes, Lexus, and BMW have to come out with a cheaper car because Chevy sells more cars than they do?

Jan 28, 2014 12:20pm EST  --  Report as abuse
GeorgeBMac wrote:

Do Mercedes, Lexus, and BMW have to come out with a cheaper car because Chevy sells more cars than they do?

Jan 28, 2014 12:20pm EST  --  Report as abuse
Overcast451 wrote:

*“Analysts” today are only concerned about a single, very narrow focus for a corporation: Equity valuations and returns and short term profit taking. That is NOT how you build a great corporation. Apple has always known that (well, they forgot once, but Jobs got them back on track). Hopefully they are not distracted by these idiot analysts into chasing every second rate competitor out there…*

But… the second they sold out their company to the market – they made it matter. If it was privately held, it wouldn’t matter – so they chained themselves from ever making a ‘great company’ – because the Market owns them now.

Jan 28, 2014 12:39pm EST  --  Report as abuse
libertadormg wrote:

Apple has become Narcissus.
“In Greek mythology, Narcissus (/nɑrˈsɪsəs/; Greek: Νάρκισσος, Narkassos) was a hunter from the territory of Thespiae in Boeotia who was renowned for his beauty. He was the son of a river god named Cephissus and a nymph named Liriope.[1] He was exceptionally proud of what he did to those who loved him. Nemesis noticed and attracted Narcissus to a pool, wherein he saw his reflection and fell in love with it, not realizing it was merely an image. Unable to leave the beauty of his reflection, Narcissus died.[2] Narcissus is the origin of the term narcissism, a fixation with oneself.”
From Wikipedia, the free encyclopedia

Jan 28, 2014 12:55pm EST  --  Report as abuse
mgear2 wrote:

@GeorgeBMac: Ironically, your analogy highlights the fact that there are plenty of other “luxury” phones out there: the S4, HTC One, etc. The quality of these phones equals or exceeds that of the 5s, yet they’re available for MUCH less money. I don’t thing anyone is suggesting that Apple dive into the low-end phone market. They would be wise to stay competitive price-wise with their high-end competitors, though.

Jan 28, 2014 1:16pm EST  --  Report as abuse
tmc wrote:

Entrepreneurs build a business and trust in the name brand. Then they sell it to a big corporation who leverages the trust that was built, cuts costs, turns the product to crap, milks it for all it’s worth, liquidates or sells it off, then buys another.
Steve Jobs died. It’s wall streets turn now and they will not be denied.

Jan 28, 2014 1:36pm EST  --  Report as abuse
mohamedmohsen wrote:

Mercedes Cars cant sell but Luxury Cars, Apple is a Luxury Brand Name, they are doing a good job Luxury and cool Club Factor, which cannot mix with a low cost product. I guess the people asking for low cost phones r nuts. the better sales of Ipad and Mac are giving a better result in total so whats the problem!

Jan 28, 2014 1:41pm EST  --  Report as abuse
yemanou wrote:

The success of high-tech companies can be short-lived if their products fail to deliver, just look at blackberry. It’s very telling that the photo that comes with this article shows the much nicer Samsung Galaxy. By the way, why did apple make the iphone 5c look like children’s toys?

Jan 28, 2014 3:50pm EST  --  Report as abuse
kommy wrote:

The truth is Apple Iphones are too expensive for the carriers. They only pay off themselves after 3 years, so one have to wait for three years before profit will come in, or look for the profit elsewhere.

Jan 28, 2014 4:56pm EST  --  Report as abuse
abedarts wrote:

Ort is right, Apple hit their own forecasts but not Wall street’s, so then Wall st pans them?! And what about earlier news saying that the gold 5s was the highest selling smartphone over the Christmas period. Apple is subject to a lot of share price manipulation and this is a classic example.

Jan 28, 2014 7:52pm EST  --  Report as abuse
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