Apple stocks plunged

[slyv]

Apple inc. stocks plunged more that 35% this month. And here is todays news from Bloomberg:
"Then it was reported that AT&T Inc. stores got stuck with too many Apple iPhones that aren't selling so well."

It seems apple has problems with selling 1.1.2OTB iPhones.
But maybe it is a good news, maybe somehow we will see software unlock of 1.1.2OTB very soon. That would help Apple stocks very much.

[famac!]

The problem with Apple is that when they reported 4 million phones sold so far last week, they were talking about units shipped and not units sold. I kinda get the feeling that without a software unlock for 1.1.2 OTB, sales were not as brisk as the days of 1.1.1. I remember when Apple announced 1.1.2 and almost immediately 1.1.1 became hard to find in stores (unless you went to some AT&T store in the boonies). Now with 1.1.3 announced 10 days ago, 1.1.2 phones are still readily available at Apple stores. Sales have certainly slowed a bit.

[TwistyValhalla]

It's not a Apple only thing. The whole market has plunged. Look at google, yahoo etc.

[hummer360]

TwistyValhalla is right. The market has just been crappy. On the other hand when it was easy to unlock iPhones, I remeber wholesalers in NYC were hiring 3rd parties to acquire on average 50 - 200 pieces of iphones per day.

[Number_41]

heard of the subprime market?

Good

N41

[slyv]

heard of the subprime market?
Good
N41

Altough i live in Poland I'm raeding about subprime almost every day. And about NINJA loans :) (no job no income no assets).

But look, Nasdaq is about 15% down this year, while Apple inc. -35%! So subprime is not a main reason of Apple plunge. I think one of the reason is simlock in 112otb.

[famac!]

Subprime or no subprime, Apple is not moving as many units as they hope to. See these links:

Apple lowers projection (http://www.digitimes.com/NewsShow/NewsSearch.asp?DocID=PB000000000000000000000000003 471&query=IPHONE)

Same story from a different source (http://www.macworld.co.uk/ipod-itunes/news/index.cfm?newsid=20240)

Iphones piling up at AT&T stores (http://www.news.com/8301-13579_3-9857622-37.html?part=rss&subj=news&tag=2547-1_3-0-20)