Unregulated? You realize it's a lawsuit about Cook breaking securities exchange regulations right?
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Apple Faces Second Class Action Lawsuit Threat Over Failing to Warn Investors About Slowing iPhone Demand
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Unregulated? You realize it's a lawsuit about Cook breaking securities exchange regulations right?
It’s hard to even make a direct comparison to other companies because Apple is far and away the most successful foreign company in China. It’s not even close. So as a result, when they fall short there it impacts their bottom line in a significant way.
To put all of this in perspective: Apple’s quarterly earnings for this quarter are nearly that of Microsofts annual revenue. Annual. They’re over double that of Facebooks annual revenue. Did they sell fewer iPhones in China than they’d hoped? Yes. Is that a problem long term? Possibly but it’s certainly not the end of the world to be reporting the second best quarter in your companys history.
Everyone is so eager to see Apple fail that they don’t look at this with any kind of perspective. The noise from the press on this the last few days has been absurd.
Haha great. This’ll teach Cook a thing or two, plus this year they have some big investigations into their battery scandles being concluded.
They want to just hide behind China but this runs deeper. "In some developed markets, iPhone upgrades also were not as strong as we thought they would be" to "consumers adapting to a world with fewer carrier subsidies"
Gravy train is coming to an end
Gravy train is coming to an end
How’s this even possible.
It’s like someone saying ‘I gambled my money and lost! Why didn’t someone warn me I could lose!’
It’s like someone saying ‘I gambled my money and lost! Why didn’t someone warn me I could lose!’
Why are you happy? You seem way too immature to be an investor so you aren't getting any money out of this. You can't spell the word scandal correctly either so that says a lot. I guess it is the cool thing to do to hate on popular brands these days.
And yet it’s market cap is now LESS then Google and Microsoft and Amazon.. the share holders do not have the same opinion as you.
When you have billions of dollars, everyone wants a piece of the pie and will try anything to get it.
What a stupid comment, you think you have to be a share holder to comment on this story? And immature? And you can blame the precious iOS useless auto correct if it’s not spelt correctly, but if that’s all you got, weak insults, then don’t bother replying.
When people pick on spelling or grammar it’s a sign they have no legitimate sensible discussion to add.
The real problem is they are charging too much for their products. This causes folks to hold out until it is absolutely necessary to upgrade or look at alternatives. Apple needs to adapt by accepting lower profit margins and probably make a Smart TV bundled around services.
Apple could be doomed if they don't actually reveal the real numbers
You are struggling to put together coherent sentences yet you are blaming iOS autocorrect? Funny.
Ummm, they kinda DID warn. That's how the lawyers found out so they could file the lawsuit that they didn't warn. Not warning would be waiting until you have to disclose at the quarterly earnings announcement. Normally this would only make the lawyers rich, but since this is Apple, even they will walk away with nothing.
And the weak insults continue... like I said, if you’ve nothing to add apart from nonsense don’t reply.
Two months ago, November 1st, is the last time they released info.
There is very little talking about the future in China. The only things Apple talked about was gaming regulations in China.
So I don't see where they said that everything was fine in China during the quarter.
Exactly! Investments can either come with a gain (which is what every investor hopes for) or a loss. I see this as a desperate attempt by the investors (the ones looking at the lawsuit option) to try and recoup some of their losses.
I don't feel they have any merit.
Yes, I’m not sure anyone here gets how stocks work. Globally corporations invest pensions and ISA’s, other savings accounts, into stocks, so when your one of the biggest copeations invested in and you’re seen to be lying and/ or price fixing, their are severe consequences. Because it can affect Jo Bloggs pension pot.
You are also keeping your Apple products longer and longer because they are powerful when released, well made so they last, and supported with software updates.
Investors should take comfort in the fact that Tim Cook has made a fortune selling Apple stock this year
Some of these lawsuits are basically shakedowns of the companies. There is an entire business model around it. But the threat of them also keep the public companies on their toes and help insure that public statements are accurate. Many lawyers who do this believe they are providing a public service with these lawsuits.
Also, I'm sure Cook's statement about 4Q being up in 2018 from last year's 4Q was correct. But 1Q did not turn out to have the huge sale they were expecting with XS and XR in full production. Both these things can be true. But if a judge authorizes the class action, then Apple will have to prove it in court.
More like the house said it would earn $89B worst case, but didn’t tell when they realized it wouldn’t happen. My guess Apple hoped for a Christmas Hail Mary and it didn’t happen. If that’s ok or not is up to the court if it goes that far.
Wall Street thinks these companies will eventually produce revenue that is greater than Apple. I could certainly see it for Google and Amazon (though I don't believe they will). I haven't understood Microsoft's business model for years now. As far as I can tell, they make two products that are sold in size sufficient to justify a 100s of billions in market cap: the Windows OS and the Office Suite of software. However, they have competitors in Google and Apple who basically make better versions of these things (in the OS area) or who give away competitive products (in the productivity suite). I know Microsoft does more than this. But I just don't know what it is that has the scale.