NASDAQ:AAPL – Apple Shares Continue Downward Slide

NASDAQ:AAPL – Apple Shares Continue Downward Slide

Apple shares (NASDAQ:AAPL) continue their downward spiral again today as they are currently off -2.59 (-1.00%) at 256.09. However, since last weeks recent high of $267, Apple stock prices are down 6%.

The NASDAQ is currently off by -0.67 at 2408.09.

Despite strong sales numbers from the newly released iPad 3G, and from even stronger numbers from the initial iPad Wi-Fi, Apple’s stock price has seemingly done nothing but decline.

Obviously, investors are looking forward and wondering what Apple could possibly bring to the table as far as product design goes.

Some of the future potential catalysts for Apple stock prices include the monthly NPD data (Mac / iPod business); international release of the iPad next week (May 10); and the launch of the next generation iPhone (likely June 7) as well as the CDMA / Verizon version rumored later this year.

The iPhone 4G, and the Verizon deal, are both highly speculative assumptions at the moment. As it is with Apple, very little forward looking news releases ever come directly from the company.

However, it is very likely that iPad sales will continue robust into the distant future as Apple gets ready to open up International sales of the iPad and iPad 3G to international customers.

The iPhone 4G announcement – and possibly even a Verizon announcement – might come on June 7th during Apple’s annual WWDC 2010 conference.

  • technicaltruth

    aapl stock with p/e of 21 is currently less than sp avg of 22 which it is overwellmingly outperforming with y/y profit growth of 90% and revenue growth of 50%. that puts apple's growth 10x plus usa GDP. it's p/e is now valued less than goog @23, csco @25, nok @29 and nearly 1/3 amzn @57. it is even now being valued inline with dell @21. none of this even takes into account the company $40 billion in cash and zero debt or it's historical p/e of the low 30s. i can't recall a growth stock this undervalued why also being perceived as being expensive.

  • technicaltruth

    aapl stock with p/e of 21 is currently less than sp avg of 22 which it is overwellmingly outperforming with y/y profit growth of 90% and revenue growth of 50%. that puts apple's growth 10x plus usa GDP. it's p/e is now valued less than goog @23, csco @25, nok @29 and nearly 1/3 amzn @57. it is even now being valued inline with dell @21. none of this even takes into account the company $40 billion in cash and zero debt or it's historical p/e of the low 30s. i can't recall a growth stock this undervalued why also being perceived as being expensive.

  • technicaltruth

    aapl stock with p/e of 21 is currently less than sp avg of 22 which it is overwellmingly outperforming with y/y profit growth of 90% and revenue growth of 50%. that puts apple's growth 10x plus usa GDP. it's p/e is now valued less than goog @23, csco @25, nok @29 and nearly 1/3 amzn @57. it is even now being valued inline with dell @21. none of this even takes into account the company $40 billion in cash and zero debt or it's historical p/e of the low 30s. i can't recall a growth stock this undervalued why also being perceived as being expensive.

  • technicaltruth

    aapl stock with p/e of 21 is currently less than sp avg of 22 which it is overwellmingly outperforming with y/y profit growth of 90% and revenue growth of 50%. that puts apple's growth 10x plus usa GDP. it's p/e is now valued less than goog @23, csco @25, nok @29 and nearly 1/3 amzn @57. it is even now being valued inline with dell @21. none of this even takes into account the company $40 billion in cash and zero debt or it's historical p/e of the low 30s. i can't recall a growth stock this undervalued why also being perceived as being expensive.

  • technicaltruth

    aapl stock with p/e of 21 is currently less than sp avg of 22 which it is overwellmingly outperforming with y/y profit growth of 90% and revenue growth of 50%. that puts apple's growth 10x plus usa GDP. it's p/e is now valued less than goog @23, csco @25, nok @29 and nearly 1/3 amzn @57. it is even now being valued inline with dell @21. none of this even takes into account the company $40 billion in cash and zero debt or it's historical p/e of the low 30s. i can't recall a growth stock this undervalued why also being perceived as being expensive.