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Mercer Report mocks Apple share price, reverses BlackBerry's fortunes

Your daily dose of humor, courtesy of the Mercer Report . (Think something like Jon Stewart but with more u and eh.) It's easy to point out that Apple lost more money last week then several RIMs put together, but it's also undeniable that if you bought RIMM stock a while back, you'd be better off today than if you bought APPL stock.

And that should tell you just how totally insane the market is. Again,

Source: Mercer Report via CrackBerry, of course.

Rene Ritchie

Editor-in-Chief of iMore, co-host of Iterate, Debug, Review, The TV Show, Vector, ZEN & TECH, and MacBreak Weekly podcasts. Cook, grappler, photon wrangler. Follow him on Twitter and Google+.

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There are 10 comments. Add yours.

Camfella says:

I'm glad you posted that Rene! If the situation was reversed, Crackberry wouldn't post it, they're too insecure!

chesterhall says:

Eh...I disagree. Crackberry Kev has been pretty diligent on pointing out the fallacies of RIM in the past, and comparing them to the rest of the market. Let's face it, BlackBerrry has been the bastard of the mobile world for at least two years now, if not more. I bounce back and forth between the two blogs, and this is one of the few times I've seen RIM headlining on iMore. Crackberry at least once a month has something to say about Apple, never really harsh or insulting, just pointing out whats going on between the mobile nations. Nah bud, Crackberry is an equal opportunity blog site! LOL!

BBPandy says:

CrackBerry did post this.

Carioca32 says:

In all fairness Rene, you shouldn't call the market "insane" just because you (we) don't understand how it works. There is a lot of market analisys and math involved, it is not as simple as herd mentality.

coolqf says:

Apple's sales and profit growth rate are slowing (more than anticipated), and Samsung is taking market share from Apple in the niche that they like, the high-end phone market.
iPhone , revolutionary
iPhone 3G, 3G and the app store, again fantastic A++
iPhone 3GS set the stage for games and multiapp use A++
iPhone 4, cutting edge design A++
iPhone 4S.... Meh B
iPhone 5, larger screen B+

In the iPhone 4 (and earlier days) you could compare the iPhone to any phone and clearly see the iPhone's superiority. Now, the difference is less evident.

pappy53 says:

I assume that you are talking world market, as Apple has increased it's lead in the U.S.market.

Roboticz says:

Because America is the only place in the world that matters... right Pappy? *rolleyes*

Ken Porter says:

Rene, Can you make this App your "Pick Of The Week" on Mac Break Weekly this week? :-)

9thWonder says:

The market makes plenty of sense. Apple set their earnings target, missed that target, then apple lowered it's guidance for the next quarter. The stock corrected in response to Apple predicting slower growth in the future. It's makes even more sense since, historically, Apple has lowballed it's earnings, just so it can blow them out of the water. It's not rocket science. It's not new. One it's been in the cards for a year and a half simply because apple's share price was based on a certain rate of earnings growth that everyone knew was unsustainable for decades.

if apple launches some new product that changes the projections of future growth the stock will go back up. But until then it will search for equilibrium and level off and it will move according to earnings and it's projections. Miss either and it will fall. it's not new or surprising.

the problem with tech people/phone enthusiasts criticizing the stock market is most lack an understanding of it and the biggest thing is is the analysts aren't speaking to tech people with a rooting interest. They are writing for other analysts which are largely short term institutional investors. And i've never heard anyone outside of imore claim Apple was "doomed." There is a difference between a overpriced stock (still debatable) and claiming a company is gonna go under. There is a huge difference between lightening your position in a stock during corrections and claiming it's doomed.