Have you checked out 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 to get a potentially better entry on a trade. Apple is considered one of the cult stocks.
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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, user-friendly computer that could easily fit in people’s homes and offices.
Jobs and Wozniak built their first computer, the Apple I, and sold it without a monitor and keyboard. One year later, they introduced the Apple II, which revolutionized the computer industry.
The company’s sales climbed to $117 million in 1980, 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 partnered 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—how technology changed. You can get your stock news on an app.
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New Territories
Apple stepped into new territories in the early 2000s. The company launched the mp3 player iPod and media software iTunes, quickly becoming a highly profitable Apple business. 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, forever changing the smartphone market.
It sold 270,000 units of iPhone within a couple of days following its launch. The iPhone became a game-changer for Apple in the coming years.
The company 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 daily within a month and sold about 60 million apps in the same period. The tremendous success of the iPhone made the company the world’s third-biggest cell phone supplier.
In January 2010, the company rolled out its first iPad model, a tablet-like media device with a big display. The same operating system powered the iPad as the iPhone.
More than 300,000 iPads were sold on the launch day. In the same year, Apple surpassed software maker Microsoft regarding 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
In June 2011, Jobs introduced an online storage and syncing platform called iCloud. This was the last product launched under Jobs’s leadership before his death later that year. In the following years, Apple continued its growth by capitalizing on the success of its iPhone models.
In June 2016, Apple appeared as a top technology company on 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 $3 billion.
Then, in May 2016, the company invested \$1 billion in China-based DiDi, a ride-sharing company. These are just a few of the company’s many acquisitions and investments during its decades-long journey. AAPL StockTwits would look at this and discuss how it would affect the stock.
Apple ($AAPL) TipRanks Stock Forecast Report 3/24
Recent Performance on AAPL StockTwits
Apple stock started 2024 trading around \$187. However, it’s been currently in a downtrend to start the year.
It hit all-time 2023 highs in December 2023 after the company reported strong financial results for the third quarter. Overall, AAPL stock value increased nearly 45 percent during 2023.
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 their opinions affected the stock in any way.
Breaking News
StockTwits is a great place to go if you want news on stocks. You can look for specific stocks and find the happenings and goings-on of the stock. AAPL StockTwits is no different. 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 5 G-enabled iPhones launched last year and solid demand in China. Moreover, sales for its Mac laptops and iPads remained solid in the holiday quarter.
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.
This is an example of AAPL on StockTwits. Follow the Bullish Bears profile here.
Quotes on AAPL StockTwits
Speaking on the results, CEO Tim Cook said, “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 and our multi-year commitment to invest \$350 billion throughout the United States.”
iPhone sales in the quarter climbed 17 percent year-over-year to about $65.6 billion, above the consensus forecast of $59.8 billion. The total number of 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 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.”
Strong Results
The strong results also proved Apple’s strength, 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 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 businesses include music, cloud storage services, and television bundles. Moreover, revenue in its wearables and accessories business climbed by $12.97 billion.
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Why Apple Fell Recently
Apple enjoyed growth in all key regions, especially in China, where revenue climbed to $21.3 billion in the quarter, 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 quarterly financial results. 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 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. Cross-train added that the recent sell-off has nothing to do with the company’s fundamentals.
There was mixed sentiment on StockTwits related to the recent earnings report and share price movement. Many users recommended people hold onto their Apple shares, as they were convinced that the stock would 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.
Final Thoughts
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 your decision.
Frequently Asked Questions
Apple is predicted to reach a high of $250 and a low of $158. That's almost a $100 difference. But many analysts believe the stock is a buy.
Apple hit a high of $199.62 in 2023. It is currently trading around $180.
There are currently 15,509,763,000 shares of Apple on the market.
Apple is considered a buy currently. AAPL StockTwits could affect the stock price if people take a different opinion.
