Why are investors angry with Apple?

Shares of the tech giant are down the day after the company's major media event.

By Motley Fool Investor Beat Sep 11, 2013 1:51PM
Shares of Apple (AAPL) are down nearly 6% the day after the company's media event at its Cupertino, Calif., headquarters. According to Motley Fool analyst Matt Argersinger, investors aren't pleased with Apple's lack of direction regarding a low-cost iPhone. 

While the company did unveil a cheaper version of the iPhone to be sold in overseas markets, Matt thinks that the price point is still too high for the average emerging market consumer. In addition, although China Mobile will allow Apple iPhones to be used on the Chinese company's cellular network, there's still no firm deal in place -- something that investors think Apple needs.
 copyright Kyu Oh, Photodisc, Getty ImagesBut should investors buy Apple today? According to Matt, if investors bought today they'd get shares of Apple at a cheaper price than Carl Icahn when he tweeted about the company a few weeks ago. If it's good enough for Icahn, and it's cheaper than where Icahn bought, then it may be good enough for you, too.

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35Comments
Sep 11, 2013 3:22PM
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"overvalued" yeah sure, it's P/E is 10.6, Facebook's is over 50.  Idiots. 
Sep 11, 2013 2:53PM
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Don't worry Carl Ichan will buy a bunch of shares then tweet about it to drive up the price, sell for a profit then do it again.  
Sep 11, 2013 3:20PM
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While the I-phone was revolutionary, it all comes back to "what have you done lately"

While I made a nice return on Apple back in the day, my latest attempts have been

disappointing. Why did it go down to $394 and than why did it go back up to $500.

 

No REAL reason that I can see....... hedge funds? Media?

Sep 11, 2013 4:37PM
Sep 11, 2013 6:10PM
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I don't own any Apple products - no iPhone, no iPad, no iPod, no IMac, no ITunes. i-Carumba!!! 

Not that I have anything against Apple. It's just that I resist joining the herd. Anyway, I don't need any of those toys. 
Sep 11, 2013 3:20PM
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It is overvalued stock as well as the product.
Sep 11, 2013 3:33PM
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Apple is a toy company - nothing more - other companies now make better toys - and cheaper too - Apple has a loyal fan base - sheep, I'd say who will buy anything the company updates. But it is not their core buyers they need to grow - it's at the margins - adding new buyers. Do we all really need a new toy?
Sep 11, 2013 2:58PM
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Their transparent value (or lack thereof), undecisive leadership, and lack of anything truly innovative seems to be a swelling issue. Wouldn't want to be them right now.
Sep 11, 2013 4:04PM
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If Carl Icahn is in it, I don't want to be. When he's making money, chances are you're not, and he's likely the guy buying from or selling to you.   
Sep 11, 2013 3:39PM
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First movers like Apple, IBM and Nokia tend to lose out when iconic products become everyday low priced commodities. It's not their fault, it's just a realistic fact of consumerism.
Sep 11, 2013 3:58PM
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Why? Investors are looking for a money machine that kills. Arguably both MSFT (Windows. Office) and AAPL assortment of iToys) are "one note wonders." They have their day, they enjoy a lengthy afternoon, and go with varying degrees of whimper into that good night of the Also Ran.
Sep 11, 2013 3:38PM
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Another product in a crowded market.This should have been the 5 technology and the 5s should have been an 8 core processor.Apple got where they are by being ahead of the pack now they are back of the bus.in 6 months when they release another new phone 64 bit 8 core phones will be what everyone is buying and apple may or may not have them. 
Sep 11, 2013 3:06PM
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  Lower prices mean smaller margins, in the eyes of many investors. at least without larger sales and that is not likely to happen in the U.S. maybe over seas. But investors are taking a wait see approach.
Sep 11, 2013 3:51PM
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Either investors finally see significant diminishing marginal utility for new devices OR they need to take anger management classes.

Besides --- We now live in the age of hi-tech whoring with the NSA.  So -- who needs yet another trojan horse in their privacy.
Sep 11, 2013 3:06PM
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For Apple's sake I hope they have more toys coming out soon that the public just can't live without... otherwise I think they are overvalued... somewhere less than 300/share is closer to the real value... just look at what Apple's new products did...
Sep 11, 2013 4:55PM
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must be big hopes for China again today.
Sep 11, 2013 2:37PM
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 Apple is a over priced toy maker extorting American consumers and Asian labor. Other than that they are a fine bunch of worthless nerds.
Sep 11, 2013 3:40PM
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Sometimes I think people that talk about third world countries have never been there.  I travel there on business frequently.  In fact, I just got back from Jiujiang (4.8 million people).  I was there for two weeks.  I saw 2 people from the US the entire time. There were iPhones everywhere.  At these new prices, the product will scream.
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