Have you checked out on AAPL StockTwits? The users of this site have been reacting to the latest drop in Apple ($AAPL) stock despite strong quarterly performance. It’s like Twitter for stocks. So news, rumors, and opinions are posted on there every day. Traders pay attention to what’s posted so they can get a potentially better entry on a trade. When $AAPL dropped recently, you better believe StockTwits had something to say about it.
Apple Inc. (NASDAQ:AAPL), previously known as Apple Computers, was founded in 1976 by Steve Jobs and Steve Wozniak. Back then, computers used to be very big, and the two wanted to make a small-size and user-friendly computer that could easily fit in people’s homes and offices.
Jobs and Wozniak built their first computer, the Apple I, and initially sold it without a monitor and keyboard. One year later, they introduced the Apple II that brought a revolution in the computer industry.
The company’s sales climbed to $117 million in 1980, as compared to $7.8 million in 1978. Apple went public in 1980. It did well throughout the 80s, with profit hitting an all-time high in 1990. However, the company struggled to boost revenue in the mid-90s.
Meanwhile, Jobs made some changes around the company. He made a partnership with Microsoft to build a Mac version of its famous office software. The move significantly helped Apple to revive its sales. Afterward, the company launched a personal laptop called iBook.
There wasn’t an AAPL StockTwits back when they started. My how things have changed in the technology world. You can get your stock news on an app.
Apple stepped into new territories in the early 2000s. The company launched mp3 player iPod and media software iTunes, which became a highly profitable business for Apple in a short span of time. Its stock’s value jumped more than tenfold between 2003 and 2006.
In 2007, Jobs renamed Apple Computer to Apple Inc, as the company shifted its focus to consumer electronics from computers. The same year, Apple launched its first iPhone that changed the smartphone market forever.
It sold 270,000 units of iPhone within a couple of days following its launch. In fact, the iPhone turned out to be a game-changer for Apple in the coming years.
The company in 2008 launched its App Store to sell third-party apps for the iPhone and iPod Touch. Stores started generating an average revenue of $1 million on daily basis within a month and sold about 60 million apps in the same period. The tremendous success of the iPhone made the company the third biggest cell phone supplier in the world.
Moving forward, the company in January 2010 rolled its first iPad model, a tablet-like media device with a big display. The iPad was powered by the same operating system as iPhone.
More than 300,000 iPads were sold on the launch day. In the same year, Apple surpassed software maker giant Microsoft in terms of market value. AAPL StockTwits would have a field day with all the products Apple produced. We have a review on StockTwits if you want to read more about them.
Top Tech Company
Jobs in June 2011 introduced online storage and syncing platform called iCloud. This was the last product launched under the leadership of Jobs before his death later that year. In the following years, Apple continued its growth pace by capitalizing on the success of its iPhone models.
In June 2016, Apple appeared as a top technology company in the Fortune 500 list. The company made several acquisitions and invested in many startups over the years.
Its first acquisition occurred in March 1988, when it bought Network Innovations. In the early 2000s, it purchased Emagic. In 2014, it acquired Beats Electronics for $3 billion.
Then in May 2016, the company invested $1 billion in China-based DiDi, a ride-sharing company. These are just a few of the many acquisitions and investments the company made during its decades-long journey. AAPL StockTwits would look at this and talk about how it would affect the stock.
Recent Performance You Could Find on AAPL StockTwits
Apple stock started 2020 trading around $75. However, its share price fell to a low of around $56 in March on fears of negative effects of the Covid-19 on its business. Nevertheless, the stock regained its lost value and surpassed pre-pandemic price levels in June.
The stock crossed the $100 price mark on July 31 after the company reported strong financial results for the third quarter. Then the stock continued its upward trajectory for the rest of 2020, closing the year at $132.69. Overall, AAPL stock value increased nearly 80 percent during 2020.
If you checked out AAPL StockTwits during that time, you would have seen the opinions of different traders. Then you could have checked to see if they’re opinions affected the stock in anyway.
AAPL Stock News StockTwits
If you want news on stocks then StockTwits is a great place to go. You can look for specific stocks and find the happening and going on’s of the stock. AAPL StockTwits is no different. In fact, if you’re looking for more news, you can check out Fintwit. It’s a free way to get news so you don’t have to spend money on a news service if you don’t want to.
Apple recently announced strong financial results for the holiday quarter, mainly helped by the success of its 5G enabled iPhones launched last year and solid demand in China. Moreover, sales for its Mac laptops and iPads also remained solid in the holiday quarter.
Lockdown restrictions imposed around the world due to the resurgence of the Covid-19 cases also drove the sales of iPad and Mac devices. As people spent more time working from home and sticking to their devices in their leisure time.
Just after the earnings report, a user named SonGoku, said in a post on AAPL StockTwits, “If I had to choose to go all in on one company it most likely would be $AAPL.” StockTwits is a social media platform developed for sharing ideas between investors and traders.
Apple reported earnings of $1.68 per share for the first quarter. Up 35 percent from $1.25 per share in the year-ago quarter; easily beating the consensus forecast. Revenue for the quarter rose 21 percent on a year-over-year basis to $111.44 billion, surpassing the analysts’ average estimate of $103.3 billion.
Look for Quotes for AAPL StockTwits
Speaking on the results, CEO Tim Cook said in a statement, “We’re gratified by the enthusiastic customer response to the unmatched line of cutting-edge products that we delivered across a historic holiday season. We’re also focused on how we can help the communities we’re a part of build back strongly and equitably, through efforts like our Racial Equity and Justice Initiative as well as our multi-year commitment to invest $350 billion throughout the United States.”
iPhone sales in the quarter climbed 17 percent on a year-over-year basis to about $65.6 billion; above the consensus forecast of $59.8 billion. The total active iPhone users globally crossed the 1 billion mark, mainly helped by strong demand for the iPhone 12.
Chief financial officer Luca Maestri said, “Our December quarter business performance was fueled by double-digit growth in each product category, which drove all-time revenue records in each of our geographic segments and an all-time high for our installed base of active devices.
These results helped us generate a record operating cash flow of $38.8 billion. We also returned over $30 billion to shareholders during the quarter as we maintain our target of reaching a net cash neutral position over time.”
The strong results also proved the strength of Apple, as it managed to thrive even during the difficult operating environment caused by the pandemic. Many of its stores remained closed during the peak of the Covid-19 crisis. Nevertheless, its loyal user base upgraded to the new iPhone models launched last year, eventually helping the company to boost revenue even during the pandemic.
If we look at the performance of different segments, Mac revenue jumped to $8.68 billion, iPad revenue came in at $8.44 billion, and revenue from the services business hit $15.76 billion. Services business include music, cloud storage services, and television bundle. Moreover, revenue at its wearables and accessories business climbed $12.97 billion.
AAPL StockTwits on Why Apple Fell Recently
Overall, Apple enjoyed growth in all key regions, especially in China where revenue climbed to $21.3 billion in the quarter, as compared to $13.6 billion in the year-ago quarter. Meanwhile, its total revenue in the Americas region increased by nearly $5 billion to $46.3 billion.
However, Apple shares fell 3.50 percent to $137.09 on Thursday despite reporting strong financial results for the quarter. So what did AAPL StockTwits have to say about that?
Several individuals expressed their views on StockTwits following the results. A user named Robramz31 reacted to the price drop in Apple shares by writing, “$AAPL I guess earnings don’t really matter.”
Another user named Crosstrain tried to explain the drop by saying, “$AAPL, HIGH “Short” Hedge Funds HAVE to sell AAPL and FB to cover Billions in losses on GME and others. Crosstrain added that the recent sell of has nothing do with the company’s fundamentals.
Overall, there was mixed sentiment on StockTwits related to recent earnings report and share price movement. Many users recommended people to hold onto their Apple shares, as they were convinced that the stock will rise in the coming days.
On the other hand, many users expressed disappointment over the latest price drop despite strong earnings, saying they did not make any gains from their holdings.
AAPL StockTwits Conclusion
Now you know that AAPL StockTwits is there for news and opinion. With that in mind, take what you see with a grain of salt. Especially the opinion part. Don’t buy a stock based on someone’s opinion. Sure, you can look at it. But don’t allow it to drive you decision.