AAPL, Blockbuster and Netflix down following Macworld Keynote

Eh, I am fine with TUAW making stock commentary, so much so that I'll post my 2 cents. I bet the stocks dropped because they announced an impossibly expensive product in the midst of all the fears and rumors of recession. Who is going to buy this thing at that price in this economy? Well, there are definitely those who will buy it, but from my perspective, expensive product + not so hot economy / concern over consumer spending = drop in AAPL stocks. Just a thought.

Why does TUAW make stock commentary? Not only is the market down today, it has been down overall for several weeks, with much discussion of recession, and the NASDAQ (technology index). It was down again today partially due to Intel posting losses.

If anything, this is the time to start buying AAPL. And probably other tech as well. Buy low, sell high, people, especially if you are in the know about the high quality of a company. And we all know AAPL keeps the love coming and the products flying off the shelves.

Again, this is a buying opportunity, not a vast market conspiracy against the Stevenote...

I think movie rentals is a cool feature, but I keep wondering: wouldn't people have preferred a subscription service? My wife and I were thinking about Netflix, and have heard the rumors about set-top LG is making. iTunes may already have a larger audience, but shouldn't Netflix still be the leader?

I've blogged the LG thing btw, if anyone is interested:
http://www.mikull.com/netflix-developing-set-top-box/
And my rant on rentals (pre-Macworld):
http://www.mikull.com/apple-brings-rentals-to-itunes/

Post hoc ergo propter hoc.

The article claims that Netflix and Blockbuster are down because the author believes that investors would rather visit iTunes than go to the store or wait for a movie.

Of course, this fallacy would hold up had Apple stock shot up after the fact, but the author claims the stock must be down because expectations were not met by Apple.

As another comment stated, the Market as a whole was down across the board. It seems like all the stocks in question took a hit regardless on what the author thinks.

Stick to reporting the facts, not your insights based on your feelings.

steve jobs had little to do with the stocks falling it was because citi reported a $10 billion loss.

The Air is a great Apple product. Future looking, and fully designed with a user in mind. When they do this type of hardware development it's hard to imagine another company doing anything better. Having worked on one or two hardware pieces in development it amazes me that Apple stays on target. It speaks to their culture and system. On the project I worked on we ended up with notes from everyone in the universe, and demands being made that didn't improve anything for anyone, yet project director had the idea and it went forward. By the way, it's 2 years later and the product tI worked on, still not out.

Hello! My name is Joe Poutine from Canada and I'm very disappointed aboot the lack of movie rentals in my igloo.

Interesting note: just got an email from Netflix that said they're now offering UNLIMITED on-demand viewing for subscribers (previously it was 1 hour per dollar-month). Unfortunately, still no support for Macs.

Its probably worth noting that the entire market is down.

Also, the info presented at the keynote so far wasnt really ground-breaking. People expected the ultra portable, firmware, and rentals. Wireless backup and revised apple tv dont have that new wow factor. The market rewards good surprises and is less kind to what is expected.

Apple is not pioneering much with their AppleTV. I read on engadget that Netflix was doing a set-top box and once they do you know blockbuster will as well. By the way, Sony has their PS3/PSP (LocationFree TV, TiVo-To-Go, PS Store, etc.), and Microsoft the XBox360.