You dont really think the software is getting better do you?
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Apple Is 'Ungodly Well-Managed,' Billionaire Investor Says
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Probably for the best that you don’t then because if you owned that much of a company and didn’t believe in it, the smart thing to do would be to sell it.
Frankly, you don’t get to the position munger and buffett are in by trying to prop up weak companies with PR statements. I’m honestly baffled anyone thinks that’s how this stuff is done.
People bought an iPhone because it was best for them. The reason doesn’t matter . A bad home run looks the same as a good home run.
Positions change. If I lost confidence in it, and intended to get out, makes sense I might bolster it a bit. Like that has never happened in the history of publicly traded companies….give me a break.
And I’m sorry but, in part, yes that‘s exactly how you get and STAY in those types of positions. Apple itself has a spotty history of being open and honest with shareholders. It’s a matter of record.
But Apple is still focused on the customer. The only difference is, their customer today is an upper middle class person, non-demanding, loyal to the brand beyond comprehension and will accept everything coming from the company on the annual base. Excitingnewfeatures™ and stuff.
Tim has inherited very good foundation from Steve, and had to do literally one thing - keep high profit margins along with focus on consumer products (walled garden phones and gadgets for technically illiterate and semi-literate) and playing safe. Thus the poor QA and half-baked products - because average Apple customer doesn't care.
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It’s not true: all those companies have made several mistakes (they are lead by humans after all) and some of their products or services failed. A couple of examples for Apple are the HomePod, the Touch Bar, the 2013 Mac Pro, Music Memos, Maps app at its launch etc.
If I was someone people listened to and had invested in Apple, I’d say good stuff, too.
In my experience they are not managed too well, otherwise Apple Support wouldn’t be in the dark so often.
In my experience they are not managed too well, otherwise Apple Support wouldn’t be in the dark so often.
Agree with you partly. Apple was always a bit of the snob company. But the difference is - Steve's snob customers were techies, and Tim's are those who die by taking selfie on the cliff or with wild animals.
iPads Pro
Ditching Intel
Apple Watch
Fitness
AirPods
HomePods
Apple TV+
Apple Music
Beats acquisition
Privacy drive
Nah…… he’s not a visionary ?
Very condescending post. You grouped the entirety of apple customers in one bucket.
If its an inferior phone, then how can't you find a better one. It's either inferior and you can find a better one. or Its not inferior and there isn't a better one, it can't be both.
Love the fools downvoting this.
No, this isn't saying your favorite company is badly managed. And obviously Berkshire Hathaway doesn't think so either, or they wouldn't have so much money invested.
But ask yourself, why is a large institutional investor sharing this opinion now? Do you think it's for your benefit? Do you think it's because they're planning to increase their position in AAPL in the near future?
What you need to do is watch what they're doing, not what they're saying. Their position in AAPL is a sign of confidence. Coming out and saying how much they just love Apple, though? There's always a motive.
There could not be a phone that meets their approval ergo they are all inferior. Said types of consumers aren’t statistically relevant though. No business caters to that person beyond token gestures.
At the end of the day, Steve Jobs selected him for a reason.
Surely Jobs knew that Cook wasn't a product visionary, but he was enough of an artist/visionary/businessman to know that Cook's skillsets were superb, he had 13 years in the company and was all-in on the culture of Apple. There were enough talented professionals around Cook to raise the corporation to even greater heights. He has.
Ungodly well managed enough to put profits into orbit, but not well managed enough to keep a lid on spiralling bugs and bad design choices on every device I own.
"he had an incredible sense of design and ergonomics"
The man insisted on a one-button mouse and small phone screens for how long?
You get in the position of these investors by being a cold-hearted jerk. Nobody is making billions by being honest and polite to people. They BS their way into their money and often to the detriment of those they encounter on their way up the financial latter.
I have to wonder why this is even a story. Like someone else said. There is a motive behind this information being disseminated like this. Likely back-end deals of some kind that benefit the investor. This sure as hell didn’t come out and a story to make people feel good about Apple.