Apple Stores (Istanbul, Turkey, image 001)

Shares of Apple dropped 4% today, closing this afternoon at $98.94. That’s the stock’s worst percentage slump since late January, and its worst value since it began its march towards its highest price ever in early August.

The news comes amidst the recent iCloud scandal, in which Apple’s cloud security was blamed for the leaking of several revealing celebrity photos, and ahead of the company’s highly anticipated iPhone event next week.

Just yesterday, APPL set a record closing high of $103.30 per share (pre-June 7-1 stock split: $723). The company has been enjoying momentum on the back of various iPhone 6, smartwatch and mobile payment rumors.

But this weekend’s celeb photo debacle put a halt to Apple’s good fortune. Despite its denial that iCloud itself was breached, several celebrities, including Joanna Krupa and Kirsten Dunst, have publicly renounced the service.

It’ll be interesting to see how the market acts over the next few days and into next week. For its keynote, slated for September 9th, Apple has rented out the Flint Center, which has a tellingly-large max capacity of 2,500 people.

[Reuters]

  • Maxim∑

    Apple’s stock usually always drops near or right after a major event for whatever reason… They will come back Q1 2015 when they break all sales records like every year

  • I doubt this matters too much. I can’t say I know an awful lot about stocks and shares but if Apple kills their September 9th event the price of the shares will skyrocket.

    • highNiggaPie

      No they will increase a few percent if at all not sky rocket especially since their shit just got compromised

      • Mikasa Ackerman

        Neither of you guys majored in finance. You both have no idea what you’re talking about…

      • highNiggaPie

        are you sure about that? would you like to see my portfolio?

      • DIesel

        I would like to see the portfolio of highniggapie actually 0_o

      • Mikasa Ackerman

        Ahh, don’t tell me you’re holding stock… What? 14% over the course of 8 years… Learn to day trade stock options. Hold a few spreads. You don’t have the account size to hold stocks and make a decent return.

      • DIesel

        That’s a nice elitist attitude u have there bud. The market is fickle. Anyone should know any system is hackable, it just so happens the ones worth hacking owned iPhones.

      • Mikasa Ackerman

        It’s not hacked… People use machines High Frequency Trading(HFTs) which have the edge using lasers to connect and trade in between the numbers, but it’s legal. No one is hacking the stock exchanges… Do you really think the U.S would allow the floor of their economy fall to a mere hack attack? You’re even more foolish than I thought. As I said, I don’t think anyone here has a single clue as to how anything financial works — now do you?

      • DIesel

        Calm down bud, I’m talking about apple getting hacked not the fuckin stock market… U missed the point entirely and called me a fool.. -_-

      • Mikasa Ackerman

        Then you missed my first post completely. What an idiot…

  • Any conspiracists out there think another company paid this guy to do this “hacking” and take the fall? Good timing right before a new announcement/release ..

    • GuyWithTheThings

      Lol no people are gonna say “IT WAS THE GOVERNMENT THE GOVERNMENT DOES EVERYTHING THEY’RE WATCHING ME RIGHT NOW.”

    • jilex

      or maybe not just some other company, what if it was the doing of somebody at wallstreet? they can get shares at low cost and get a lot before september 9th… just saying

    • Victor

      Or maybe someone really wanted nudes

    • Eric

      Knowing it was “tinfoil hat crazy” the first thing I thought was how perfect the timing was for Samsung. Directly before the fall announcement and during Samsung’s release of the note 4.

      I don’t really thing Samsung would go to this level of evil but the thought crossed my mind, all the same.

  • n0ahcruz3

    Suits them right. instead of beefing up their security, They just want to ripoff their customers with an overpriced devices.

    • regkilla

      People aren’t forced to buy their products and don’t act like Samsung and LG premium smartphones are cheap.

      • Yep last I checked.. Flagship ‘Premium’ phones all cost about the same $500 – $650 range when purchased out of cantract.. Some are barely worth it.

        *cough cough samsungs.. cough..

        I’m not a android hater but Samsungs are crap…

      • n0ahcruz3

        LG and Samsung flagship phones cost more to to manufacture than your beloved iphone 5s. And besides im not a fan of any of the company u mentioned. Im a tech fan, not a samsung fan, LG fan, apple fan, etc. I give credit to companies that innovates and criticized companies that doesnt innovate or improve and also ripoff customers.

      • All the companies do the same every year.. they add minuscule features and minor spec bumps and screen size changes. Not much more can be added to a damn phone get over it.. As for the cost plastic will always be cheaper to work with/produce.. Those charts are crap and don’t properly calculate what it costs to make any device..

      • n0ahcruz3

        Wow its just a freakin phone. Why defend a company? Are u an apple employee or something?

      • It says “All” companies, I’m not being biased toward anyone of them.. Did you graduate middle school?

      • n0ahcruz3

        Its sounds like ur biased towards apple company. Oh and forgive my grammar, English is my 4th language 🙂

      • No, I didn’t put a single company on a higher or lower pedestal in that comment…

      • RarestName

        4 languages! Awesome! I only know English and two Chinese languages.

      • n0ahcruz3

        U know mandarin aswell as cantonese? Thats cool! 🙂

      • RarestName

        Not Cantonese, although that’s on my learning list.

      • benny001

        No they dont. Samesong is a chip maker therefore its cheaper for them.

      • n0ahcruz3

        What’s samesong?

      • benny001

        Samsung

    • Ryan Bartsch

      U dont have to buy their product and its not like samsung is any better, an unlocked s5 is 650$ and the 5S is 719 (only 70$ difference)

      • n0ahcruz3

        Im pretty sure S5 cost more to manufacture than the 5s. And besides we are talking about a phone security here.

      • Ryan Bartsch

        And the 5s has better security. Thats not arguable

      • n0ahcruz3

        Uhmmm yeah… Lets hope we dont see anymore nude pics of celebs being leaked.(not really i want to see more JLaw nude pics giggity giggity)

      • Costing more to produce and being able to last a while hardware/software wise are two different things.. I know of many S5’s which have not only cracked camera lenses but also missing charging door covers.. defeats the purposes of being water resistant much :/..

  • Meh, they’ll survive when the once upon a time “ugly design” iPhone 6 becomes the new “beautiful”…

    • Ha like the horrible excuse for that new 2015 Jeep Cherokee.. Reminds me of the Pontiac Aztec.. in a odd way.. Sure I thinK the thicker lines and protruding lens look kind of unappealing now but I’m sure the design will grow on me too..

  • CoolJRT

    FFS, it’s the peoples’ fault! Have a secure password (like I do) and don’t let anyone know what it is, and you’ll never have a problem! Unless of course Apple do actually get hacked, but I doubt that’ll happen.

    • Unicorn Drank

      I use to work for the fruit company and I have to say people don’t use complicated passwords, I don’t want to say those celebs are stupid or anything like that, because I don’t know them, but if they are like most of the people out there clueless about tech, I am not surprised that this happened to them and yet blame the Apple for their mistake.

      • Ryan Bartsch

        So true

    • Ryan Bartsch

      THANK YOU!!! so true! my password is huge, let alone my server psswd. lol

  • Jonathan

    Totally off topic but I sent a video via iMessage, put my device into sleep, and now it doesn’t turn on or appear in iTunes charge. Home button is dead, so I can’t do the force reboot. Suggestions? It’s an iPod Touch 4.

    • Ryan Bartsch

      i THINK u can force turn off by holding just power button for like 30 seconds, if so then when it turns on go to settings and turn on the accessibility virtual home button etc

    • Ouch the broken home button makes this really difficult because the factory hard reset can’t be preformed.. In your case all you can really do is try a few different cables or wall adaptors, even different computers with iTunes. If iTunes doesn’t recognize it still it could be a dead board. It’s not common but I’ve seen it on maybe 3 occasions. Normally if iTunes does recognize it your in good shape and the screen is stuck and won’t turn on unless the device is restarted or dies completely then turned back on.

      • Jonathan

        Thanks. I let it sit for a couple hours and the battery died. So, it’s back. But… I was trying to suction cup the home button as it’s stuck in to try to revive it. It didn’t suck well, so I put water on the suction cup. When it showed the Apple logo, I could see water in the screen. Not off color.. I just hope I didn’t kill the touch capabilities of the screen.. I have it in rice now.

      • Hugh Jassol

        Not sure this will help with your particular home button issue…but have you tried using the alcohol method to revive the home button?

        If not, YouTube or Google it. Basically, you turn the device off & add a few drops of alcohol (90% or higher the better) around the home button edge and work/press the home button around really good (50+ times). Let the alcohol evaporate which shouldn’t really take long then power it back on. This always seems to fix my non-responsive home buttons.

      • Jonathan

        Yep, tried it twice. Didn’t work.

      • Unfortunately the rice probably won’t get the liquid from the screen. I’m sure your touch capabilities are good. Apple devices are normally resilient to small amounts of liquid.

      • Jonathan

        What makes you think that, out of curiosity?

      • The purpose of the rice is to absorb the liquid but unfortunately the liquid you intend to absorb is in between the LCD sheets inside of your device. I has no way of getting ‘sucked’ out. Plus from past experience.. Also the digitizer connection is at the top of the device so it had no way of coming into contact with the liquid if you were only around the home button.

      • Jonathan

        Hmmm, you may be wrong (and I kinda hope you are :P). I powered it up (too weak battery to do a full power up though) and there is less water in the screen. So I’m going to leave it a few more days. I’s only been 12 hours.

      • Lol I want to be wrong just for you but I see these kinds of things all the time at work.. Rice rarely works. You may be better off adding some heat as it helps evaporating it..

      • Jonathan

        Hmmm, that’s a good idea. I’ll try that.
        Turns out it did power up when I thought it didn’t. The screen does work like you thought. The water kinda adds a 3D effect to some kind of things, and makes things brighter. Maybe I’ll just fill the whole screen with water and have a brighter screen. xD

      • Jonathan

        Here’s the screen.

      • Yes the 3D effect is always looks good.. Never really goes away though.. I don’t recommend filling the screen though it won’t be uniform and it may not work anymore..

      • Jonathan

        I was being sarcastic with the more water thing. 😛
        I’ll probably try a hair dryer on it (powered off)

  • Darryll4sh0

    I was looking to buy some stock, Looks like tomorrow I’ll fire up E-Trade 🙂

  • carlos

    I find it funny that everyone is freaking out when in fact this was a targeted attack meaning unless your a person of interest your fine. Also if someone wants to get your info they will get it learn to accept that simple fact if you dont want that to happen then live off the grid. I do however feel terrible for these women as this is a perverted attack

    • Rowan09

      Celebrities for the most part are spoiled brats living in a fantasy world. If you love your privacy, so much it is pretty dumb to have naked pics on the cloud. Everything is hackable and it’s even easier when the password is actually password. I fixed a 5c today and her password was the space bar, I just laughed.

  • Rave Farid

    mybe they drop today because of samsung new launched smartphone

  • Rowan09

    Good it needs to go down more, so I can purchase some shares. This happens every year before the release of a new device. I predict the stock will do ok the day of the announcement and then slide right before the phones go on sale and pick up again.

  • Joseph A. Ahmad

    One thing that would solve this: Two-Step Verification.

    • Hugh Jassol

      Yeah, but not if they obtained your password via the previous find my iPhone vulnerability. BTW, I’m not necessarily saying that’s how this happened.

      According to an article I read on Yahoo Finance, it was combination of using the iforgot feature and other password/file retrieval tools.

  • SoylentGreen

    Lol
    They are calling it “the cloud of uncertainty” on mainsteam news that all the sheep believe like gospel. The cloud is a massive NSA server, that is documented & admitted by apple, google & bill gates(eugenecist) all admit they share all with the NSA, thats basic stuff now since the manning cables & snowdens mega-dump opened a few eyes.

  • GuyBey0ndC00L

    News: Apple drops it’s pants and says stocks is up what you talking about.