Tuesday, July 21, 2015

Apple Computer (AAPL) stock drops after hours and futures follow lower

Is this the beginning of the end of Apple Computer?

Profits are up and the stock goes down


CNBC is asking, "What is wrong with the IPAD market now?"


Here's one of the places I'm going to agree with Raw Dog about technology.  I think we have reached a peak in technology no matter what the next innovation or developments are and how small or wearable or even in some cases implanted that devices may be made to keep up with advancing technology.  The fact is we don't really need this stuff and it's not necessarily that useful but rather it is cumbersome and if people were honest there are many computer glitches and remote problems with connections, battery life, not to mention cost and customer service.

Have you ever stood in line at your local cell phone company?  Who ever heard of our telephone systems become so complicated that we have to go to a store and take a number and wait sometimes an hour or two to get service for our phone rentals.  These really are phone rentals and are one of the most depreciating assets out there.  But still the consumer is being taught to rush and chase after the next gadget.

CNBC just said Apple's cash pile is over $200 BILLION and they are all caught by surprise that the stock is dropping in after hours trading.  The CNBC vultures are all in general agreement so as to just buy and own Apple (AAPL) stock and not trade it.  Well that's easy for people who make over $500/hour as a rule.  For the rest of us END USERS we should just go buy a cheaper Nokia or Samsung device.

For the rich men thereof are full of violence, and the inhabitants thereof have spoken lies, and their tongue is deceitful in their mouth.
--MICAH 6.12  

...developing...
Posted by The News UNIT at 3:49 PM