AAPL a buy?

Apple (AAPL) dropped 8% at $508 today. Most targets remain at $600+. What do you think?

As is often the case with AAPL stock dives, the market is responding to the gap between expectations and reality rather than the numbers themselves. The actual numbers showed record quarterly revenue growth, increased earnings per share and all-time quarterly highs for both iPhones and iPads. Clearly, Apple is doomed.

I think AAPL has an excellent change of falling into the $440-$460 range. More so because of my belief in further general market weakness.
Just my 2 cents worth.........

LA TIMES:

With Apple's stock falling more than 8% at one point on Tuesday, activist investor Carly Icahn swooped in and bought another $500 million worth of shares.

"Just bought $500 mln more $AAPL shares," Icahn tweeted. "My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race."

By mid-day trading, Apple's stock had recovered a bit to $509.63, a drop of $40.87, or 7.42%. Still, the tumble largely mirrors the reaction in after-hours trading Monday after an earnings report from Apple that showed the company sold fewer iPhones than expected during the holiday quarter.

http://www.latimes.com/business/technology/la-fi-tn-apple-stock-carl-icahn-buys-more-shares-20140128,0,344329.story#ixzz2rim1Vute

High nominal price means big swings. Wait for it to settle, may return to $600 but stop to visit $250 along the way. Wait for some more innovation before you buy.

If it sees $425 again I'm getting in.

But I still feel as though they lost so much innovation when Jobs passed away,

Quote: michael99000

If it sees $425 again I'm getting in.

But I still feel as though they lost so much innovation when Jobs passed away,

The history of AAPL is the history of Jobs. Any good they did while he was gone was because of the momentum he gave them. Even if they find someone as creative and innovative there is little chance such a person will get the control Steve had to get things done.

I see them using all that cash to buy a media company in a few years, which will kill AAPL forever.

On a related question: If Microsfot will continue to copy-cat others, when will they sell off Nokia? And should one get Nokia stock now?

In my humble opinion, I would wait until Nokia is around 1X's sales. Somewhere around $5.50.