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We want to talk more -- and talk a bit about apple.
As it continued to crash today as we said it closed at 390.
Dollars that is the lowest since December 20 and 2011.
The company reports earnings next Tuesday investors are dumping -- stock on rumours.
That it's gonna come in worse than expected and here's a stat for -- when apple is that its all time high in September 2012 -- accounted for.
Of the S&P 500 today is down almost half about just about two point 8% of the index let's bring in Todd -- Hilton from techno buffalo.
Welcome back to the show.
Let's apple first what do you think about the -- -- apple.
You know I'm not surprised to see it because the problem with Apple's it's been way too quiet recently we need to see innovation -- see products that the market because.
-- competitors HTC and Samsung releasing their major flag ships right now Samsung's news came out yesterday.
Five the major care seven major -- United States that's huge and galaxy S four is gonna sell like gangbusters.
The galaxy -- always been great.
What's apple gonna do is it gonna make an incremental upgrade with the iPhone 5 -- -- an iPad I don't know that's going to be enough we need to see a big industry change here I TV I watch I wanna see something big.
-- it's amazing to me that we are talking about apple potentially missing earnings as they were always -- king of sandbagging.
Brain -- everyone's expectation we saw last quarter GAAP.
So what is still -- his battered real slowing of the decline in the company that became a six about -- Yeah I do I do think so but Tim Cook did say that he was gonna be more in line and give you know more accurate -- in the future so that that doesn't happen.
As often as it does or at least last quarter.
So I think really we need to see more products and see what they're what they're doing apple needs to be less secretive.
Than they have in the past because it's not -- found to be a winning situation right now.
Dennis I mean you have followed this so closely for so long does it feel to you like apple has lost it's luster or do you think when you see if stock that has retreated 43% from its all time high.
That it's an opportunity.
Well at some point.
Apple will be -- -- a raging by.
But I mean let's face it almost all of Wall Street have gotten their stock utterly wrong they got to a point -- we felt they could do no wrong the stock went up hugely after the death of Steve Jobs you kind of wonder how good company be worked just as much it was when it lost someone who was so great but apple has two major problems right now the first -- simply.
The cruelty of product cycles you know I've got an iPhone four I did not go to the four -- get the five -- I was about to go to the five.
But they're not -- cannot let up five us I don't -- that freezes purchase but the bigger problem Melissa yeah bit.
Apple 30% I'll bet you that stock's value was mum it had and boys who love that car.
And investors have now fallen out of love and once something starts -- all like that it becomes very difficult to stop yeah.
Turnaround -- real quick before we go what did you think -- those other earnings that you heard before you I mean in both cases we're talking about companies.
Where the revenue comes in light of an expected I mean that's really the theme of -- season it's hitting tech as well.
Right I think -- the wanna watch here because like that I was actually just -- the earnings -- right before the show here.
And they're saying that incremental upgrades are not the way to go which is what Apple's doing in in where Google can actually win and they have products are launching their fiber one Gigabit.
Per second network in three markets now.
We have Google -- augmented reality glasses they're doing industry changing things very publicly people see this I think that's a company to watch.
OK -- -- -- as a great thank you so much.
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