WTF is going on w/ Apple?

I imagine it's being partially dragged down by macro factors affecting the overall equity market.

The population of hipsters is at its maximum potential right now. Everyone in Williamsburg is already flush with mac everything so Apple has no more room to expand. The market knows this. Just walk into your favorite starfucks and look at the freelance writers who want you to know they run a blog - they'll give you a good reason why.

youve gotta ask yourself "why are they sitting on $65b in cash?"....the same reasons other companies and banks are. Ohh its coming....

Ron Johnson, the head of Apple's retail for the past 11 years, just jumped ship to head for JCP. Johnson is responsible for a lot of the success you see in Apple's retail side. Their space is worth like $4,000 sq/foot or something silly like that. By comparison, I think I read that JCP is at around $100 sq/foot for their retail space.

He's a beast, JCP is en route to $40+. This may also be affecting Apple's price.

Talking to a couple of analysts here, there seems to be some angst as to 'now what' too. They had the macbook thing, then the iphone and then the ipad. A lot of investors are nervous because they can't see where another product (in the short term) will come out and buoy the growth and excitement that they have enjoyed recently. That and the head of retail left as mentioned above.

Thanks guys. I'm just mind-boggled that it is trading at $318 and Netflix is at $244. Subtracting out Apple's cash give them almost the same stock price. NFLX has nowhere near the cash flow or revenue.

This is your first lesson in real life. Fundamentals dont matter to MOST stock prices. All stock prices are at the whim of how investors feel not the real value of the stock.

Frankly I don't think either company should be that high. I think Monsanto or Exxon should be the 300 dollar stocks not Apple or NFLX.

They do a hell of a lot more for the economy and peoples everyday lives than apple or nflx.

Netflix has a lot of room to grow because everyone in college is trading in cable for a netflix account ($80 vs $10). Also, Netflix is becoming sychronized with all your favorite appley garbage (plus some other good stuff). If you consider it from a consumer point of view: You could buy one DVD/HDVD/BLU-RAY a month (that will become eventually become obselete) or you could purchase a netflix account for the same amount each month and have an almost infinite movie collection.

Depending on how you are valuing the company, Netflix is basically operating in perpetuity. Once I have an IPod with a color screen I'm not getting a new one until 3D Images start popping out at me. But I will keep shelling out for my Netflix account. I don't really see it going anywhere.

It's only a 10% correction off it's highs of $350. Hardly "ass raped". I'm holding onto my shares - I think iCloud is going to be giant, and their media empire is going to continue to expand into the living room. There are only 200M iOS devices worldwide currently - if you think the market for smartphones and tablets isn't a hell of a lot bigger than 200M devices, you're in for a surprise.

Here is an article discussing Mac's Evil Empire (not yankee evil empire type cool either): http://gizmodo.com/5812669/working-at-the-apple-store-tales-from-the-in…

The stock price fluctuating is because of several reasons described above. The reason I'm not too optimistic is because the iOS 5 features just do not deliver. The competition is way ahead and we'll have to wait and see how the iPhone 5 looks against counterparts. Also, with Windows 8 entering the market (yes I know what you're thinking windows wtf but just youtube windows 8 and you'll see what all they have in store), Apple will struggle to hold on to market share for smart phones and tablets - a huge % of growth and revenues.

-current iPhone 4 user until July when the Samsung Galaxy S2 (Android) comes to the U.S.

Over the last year or so, Dennis Gartman has referred to Apple (and GS) as "Market Generals". In other words, they tend to lead the overall broad market. This corresponds well (at least APPL, i haven't looked at GS) with the recent market correction. Throw in Euro defalut concerns and end of QE2, and you can see why APPL is leading the broad market down.

It's because everyone was expecting iPhone 5 in July and there r no news on it yet. My iPhone 3GS is almost 2 years old, and if it craps out before iPhone 5 is released, I'm not gonna get another iPhone. I also still don't have an iPad, and if I don't get iPhone 5, I'm gonna move away from apple stuff. Just keep my MBP and get a tablet to synch well with whatever phone I end up getting. Also iPhone 5 needs to be pretty awesome. If iPhone 5 is released and it's not at least in some way better than android, not even $100s worth of apps that I currently use will keep me.