By no means am I financial analyst or economist, the only background I have is setting new records in fake stocks in my economics class when I was in high school (everyone started out with 75,000 in “fake money” and I ended the quarter with over 2 million in cash). I always find it funny when I see stories regarding the slight decline of Apple stock like this, this or this story. Yesterday Steve decided to cut $200 off of the 2 month old iPhone. Nothing very typical regarding cell phones (The Moto RAZR was introduced at $400, and you can now get buy one get one free offer on a much later and less buggier revision), Apple users got upset (ugh… some people just don’t understand that there is always this type of risk when you buy technology) and the stock dipped.

I’d rather own Apple stock then say… Dell stock… Here is a nice 5 yr comparison with Apple’s stock splitting once in Feb 05 and Dell’s stock being splitless the entire time:

I think yesterday’s dip and today’s dip can partially be explained by the iPhone cut but I also think its the rich people getting richer by selling at a high point and re-entering the market (buying back) at a lower point 24-48 hours later.

This entry was posted on Thursday, September 6th, 2007 at 10:21 pm and is filed under life. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.