is appl done?

[cramerica1972]

How far will the stock fall?

[JLW99]

It's not going to trade on fundamentals tomorrow , that's for certain. How much of Jobs leaving was already priced in. It seems like in today's market that bad news is priced into the stock and then when it happens people forget it was already there and the stock gets pounded anyway. I'll likely nibble if it falls below $75 but probably won't keep it if it goes up a few bucks after I buy.

[MrSer]

Buy early morning.

[smartinvestor30]

No it's not done, it's down but not out. Everyone will have a tough time making it through the depression. I would not buy apple. I'm thinking of buying some foreign stocks.

[aiki14]

AAPL is Baked, but it may still get covered in that red sticky stuff down the road. They will have to prove they can be the same innovative entity they have been with Jobs in a less influential role. Today's gonna suck for the longs.

[BentleyVTech]

This whole thing makes me laugh...not Jobs' health (wish him a quick recovery)...but honestly, do we think Jobs invented the iPod, iMac, iPhone, iApps, and the marketing scheme?!?

My personal opinion is CEO's are the company's face to the public, and for a retailer...basically a salesman. Jobs' was one heck of a salesman, but he's gotten Apple's name on the map for the longterm. The Apple consumers are already infatuated with Apple products...whether Jobs' was the salesman or not!

Sure when the iPod...iPhone ideas came about, Jobs backed them whole-heartedly, but I seriously doubt that their innovativeness will fall off just because a CEO isnt there. And how much has Jobs' even contributed in the past 4-5 years when his health was in question?

I really find it hard to believe that Jobs is worth $9Billion + to the company....shares outstanding x drop within the past couple days!

[Bolimomo]

Today's gonna suck for the longs.
That's what I thought last night too looking at the after-market trading of AAPL (down to 78 and change). But the market has a mind of its own. This morning it opened at 80'ish (surprise) and went to 84'ish (more surprise!!!). I didn't play. Wanted to see how the dust settles. But sometimes the time of highest uncertainty is the best time for trading.

[Bolimomo]

...but honestly, do we think Jobs invented the iPod, iMac, iPhone, iApps, and the marketing scheme?!?

No. Jobs doesn't invent any of these. But I have been following his history since 1980's after he was featured in Times (I think) as a six-million dollar man at the age of 26.

Before he returned to Apple, the company was in a turmoil. Jobs is a visionary and a perfectionist. He put the company back on the right track to produce successful products to turn the company around. He also pushed his product development team extremely hard to come up with user-friendly interfaces on Apple's products (iPod, iPhone, etc.).

But after all I am not a big fan of the Mac computers. That's only because I am a computer professional and I like flexibilities in building my computers from scratch. And I hate pure GUI-driven computers. And a one-button mouse. Only a journalist or an artist would love Macs. :D

[MrSer]

Buy early morning.

Made money. :)

[freakscene]

And I hate pure GUI-driven computers. And a one-button mouse.

ditto that, but the OSX is much better than anything Gates ever created.

i'm a big fan of ubuntu

[stideas]

IMHO...AAPL might hit below $60 (possibly even $40). They have been lying by lowering their earnings estimates and beating it. The street will finally realize it and give it a whack.......

Also, keep in mind, that for the last 2-3 Macworld Expo, AAPL hasn't come out with any new products. Now that everyone has an iPod, whats going to drive AAPL's earnings? Just a thought...

STI

[yanksrule80]

By no means is it done. Steve is not behind the products anymore he is the face of the company. Apple will continue to produce newer ipods which people will continue to buy. $150 for an item you can use everyday and almost everyone has one/can use one will continue to sell in this economic climate I think. Last point I have to make is I am not certain if it is my region but, I am a high school senior on the jersey shore and my friends and friends from other schools all say the Mac is a hot item for college. I know this wont carry sales for apple but I do think this company is easly worth over the $80 it was beaten down to by jobs leaving.

[Rynn]

Earnings call is Wednesday. I'm expecting it to be fairly good - Apple amortizes revenue from the iPhone over the two year contract, therefore revenue will be up even if sales are down. And I doubt sales are down by much. Almost everyone I know has a Mac, iPod, or iPhone and they talk about how great these products are.

I bought a macbook two years ago. I thought it was a good product, but not great. It's a little heavy compared to other laptops. The case is cracking and I already had to replace the AC adaptor. Installing software on OSX isn't quite as easy as with Ubuntu.

I've been using computers forever so I guess I'm kind of a cynic when it comes to technology, but when I went to visit friends and relatives in December, people kept showing me their new iPods and iPhones and talking about how great they are! You don't really understand Apple until you see ordinary people using these products.