Filed under: Apple Financial
AAPL drops more than 5 percent in wide market selloff
It may not have been the only bad news on a bleak Wall Street Tuesday, but Apple's 5.3% stock price drop (closing at 83.93, almost 14 points off of January's high) was certainly noticeable. Investors may have seized on the AppleTV ship delay as a sign of slipping execution for AAPL.Now get out there tomorrow and buy buy buy! [Disclaimer: I hold positions in Apple and Intel stock, among other equities. :-] Apologies for the use of the Cha-Ching logo, but I honestly couldn't think of a better illustration for a "market correction" than an empty piggy bank.
![TUAW [Cafepress]](http://www.blogsmithmedia.com/www.tuaw.com/media/tuaw-cafepress-promo.png)
Reader Comments (Page 1 of 1)
Jon said 9:40PM on 2-27-2007
I personally don't see the Apple TV as a major product. I don't think it will sell badly, but I don't think it will be a smash hit either. Now, if the iPhone or a new iPod were delayed, I could understand the 5% drop.
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Rubbinz said 10:04PM on 2-27-2007
"Now get out there tomorrow and buy buy buy!"
No thanks. The way things are going, my money is best suited in Gold and Silver. Items with real value, not faith based paper.
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Mars said 10:20PM on 2-27-2007
Off topic: The Flash "free iPod" add that plays sound when the TUAW.com home page loads is horrible. You will loose a reader if an advert ever makes sound on-load again.
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iamdigitalman said 10:29PM on 2-27-2007
@ number 3, if your using safri, get safariblock and pithhelmet. if your on FF, get adblock plus.
arr.
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Kevin S. said 10:37PM on 2-27-2007
@number 3 and 4, if you're using omniweb, you don't need to do anything extra :)
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Martin Gordon said 11:38PM on 2-27-2007
"I honestly couldn't think of a better illustration for a "market correction" than an empty piggy bank."
A full piggy bank? The selloff means money is going from stock to cash. I guess it makes sense if you interpret it to mean a loss of value, though.
(sorry if this comes off snarky, not my intention)
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John Sibley said 11:46PM on 2-27-2007
Having held AAPL for over 10 years, a 5% drop isn't even worth taking note of.
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brendan Sheehan jnr said 11:49PM on 2-27-2007
Not worth taking note ofm but it is worth buying now because of it. Especially if you plan on buying a lot of it.
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Christian said 6:38AM on 2-28-2007
Basically echoing what others have said. At around $80, AAPL is undervalued relative to reasonably expected future projections. There's some good money to be made here by snatching the stock up now. That said, I'd wait at least another day to see if the slide continues.
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eric said 9:15AM on 2-28-2007
Tell you those switch ads wont work hahahahaha
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Christopher L. Williams said 9:28AM on 2-28-2007
@2
Let us not forget that gold/silver does not in fact have any "real" value other than the value that we give to it, just like paper money. It has no intrinsic value as you seem to think.
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Michael Rose said 12:45PM on 2-28-2007
#12: not yet -- but hey, thanks for suggesting that I'm going to get in trouble!
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Matthew said 12:47PM on 2-28-2007
"Now get out there tomorrow and buy buy buy! "
That probably caught the attention of Weblogs, Inc attorneys.
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