Apple Unveils Panicked Man With No Ideas

Discussion in 'iPhone' started by macUser2007, Sep 11, 2013.

  1. macUser2007 macrumors 65832

    Joined:
    May 30, 2007
    #1
    Apple Unveils Panicked Man With No Ideas

    from The Onion

    [​IMG]

    CUPERTINO, CA—At a highly anticipated press event at its Silicon Valley headquarters Tuesday afternoon, tech giant Apple officially unveiled to the public a panicked and completely idea-free man.

    MORE

    (It's sort of funny and sort of true....)
     
  2. the8thark macrumors 68040

    the8thark

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    #2
    Apple Unveils Panicked Man With No Ideas
    And is still CEO of worlds most valuable company :)
     
  3. dumastudetto macrumors 68020

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    Aug 28, 2013
    #3
    It's not funny and it's not even a tiny bit true. Epic fail.
     
  4. ri0ku macrumors 6502a

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    Mar 11, 2009
    #4
    Its stupid how much negativity Tim Cook gets... he is easily the best person at this moment in time to be Apple's CEO....

    Even the people who say "Jonny Ive should be!" blah blah blah... you are wrong... he is a designer not a guy who knows stock knows how a company should be run. Don't get me wrong... He is a fantastic designer but I would not want him running the company.

    Remember the whole world is watching Tim Cook... this guy is doing the Job Steve Jobs did... everyone knows Steve Jobs...and what he has accomplished. Its a tough role to be in.

    I think the guys done great for the circumstances he is in. Some things are a little flakey however do you think Jobs was perfect all the time...especially near the beginning...

    Look forward to seeing what Apple do in the present and in the near future.
     
  5. atlatnesiti macrumors 6502a

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    Sep 4, 2008
    Location:
    Sydney, Australia
    #5
    I think the financial world responded adequately after underwhelming announcements from Apple yesterday.
    AAPL stock is down by more than 6% already and there is more to come I'm afraid.
     
  6. bbplayer5 macrumors 68030

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    Apr 13, 2007
    #6
    If this had been a 4.5-4.7 inch screen with all of the listed features they actually put into the phone... The stock would be up 28 bucks.

    Apple is just baffling to me.
     
  7. macUser2007 thread starter macrumors 65832

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    May 30, 2007
    #7
    I have to agree. 4" is kind of small and called "mini" nowadays. 4.7" seems to be the perfect size for most and Apple's design and fit and finish is still the best in the industry.

    The fingerprint sensor is potentially useful and unique, but outweighed by the screen size.

    Also, 720p video is truly lame nowadays, when virtually every TV is 1080p and so is virtually every midlevel Android phone.
     
  8. Lord Hamsa macrumors 6502a

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    Jul 16, 2013
    #8
    The short-term swings of the market are no reliable indicator of future events. Remember a while back where Apple posted record numbers across the board, beat their own guidance by 5-10%, and got hammered in the stock market because some analysts were predicting some insane results that Apple then "missed"?

    It's all a game, and much of it is rigged.

    And for crying out loud, the "S" release is a mid-cycle update of an existing product. Anyone who expected a major form-factor change was deluding themselves. The mid-cycle release usually offers incremental improvements with one or two new features that still fit within the basic design of the previous year's model.

    Hence, the 5S: A7 chip with 64-bit processing, the M7 motion co-processor, camera improvements, and the fingerprint sensor. Not a bad list for a "spec bump" release.
     
  9. DariusX macrumors regular

    Joined:
    Aug 3, 2013
    #9
    It's funny how most people who trash apple believe that a phone with a bigger screen represents innovation.

    As the verge said, apple may not be the first company to put a fingerprint sensor in a phone, but it is the first one to get it right as all the previous android garbage were never implemented properly.
     
  10. macUser2007 thread starter macrumors 65832

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    May 30, 2007
    #10
    Not sure that spec bumps release will cut it in this market, particularly when Apple is playing catch up (yeah, the big one is multitasking this year).
     
  11. sulpfiction macrumors 68030

    sulpfiction

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    Aug 16, 2011
    Location:
    Philadelphia Area
    #11
    Tim Cook does give off a "paniced" look. And he looks very uncomfortable on stage. He's an awesome CEO, with great skills regarding production & making money (which is what he's supposed to do). What's he's lacking, unfortunatley, and ironically, is the most important part of what made Apple the biggest, most recognizable, and magical brand in the world.....The Soul.
     
  12. the8thark macrumors 68040

    the8thark

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    Apr 18, 2011
    #12
    Nope. APPL is always down after a keynote. A larger screen iPhone is just a want of a few people. No one really needs it and Apple know it.
     
  13. Sodner macrumors 68020

    Sodner

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    Jan 12, 2011
    Location:
    Pittsburgh, PA
    #13
    I cannot wait till I have the new iPhone 5S and the iPad 5 is released so I can ignore this site and specifically this forum for several months. This place is really a cesspool of humanity with the insults, bitching and complaining that goes on.
     
  14. taptic macrumors 65816

    taptic

    Joined:
    Dec 5, 2012
    Location:
    California
    #14
    I can't wait til an iWatch blows the Galaxy Gear out of the water.... and that website. :cool:
     
  15. VFC macrumors 6502a

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    Feb 6, 2012
    Location:
    SE PA.
    #15
    Looks like Wall Street believes Apple has put profits before market share; they are not impressed with Tim Cook's strategy.


    Apple's shares tank as new iPhones fail to dazzle
    12:52pm EDT
    By Eileen Soreng and Neha Alawadhi

    (Reuters) - Apple Inc's shares slid 6 percent on Wednesday as a pricier-than-expected iPhone "5C" extinguished hopes of a major expansion into lower-end markets such as China, while a fingerprint scanner-equipped premium version fell short on hardware advancements.

    The 5C and costlier 5S, introduced to much fanfare on Tuesday, won fans among some Wall Street analysts, who said preserving a premium price can safeguard Apple's already declining margins.

    Others said the world's most valuable technology company, under siege in Asia and other emerging markets from Samsung Electronics and China's Huawei, was missing an opportunity to reverse slipping market share and drive significant sales growth.

    The 5C's price appeared too lofty to fend off rivals in emerging markets. It will sell for 4,488 yuan ($730) in China, more than the average monthly urban income for the country and about $200 more than its price in the United States.

    Apple's shares slid 5.6 percent to a one-month low of $467.24 at midday after at least three brokerages downgraded the stock a notch, though four others raised their target prices. Nomura Equity Research increased its target to $480 from $420.

    If the drop in Apple's share price holds, the fall would be biggest single-day slide since Jan 24.

    Still, Apple's shares climbed 28 percent between the start of July and Monday, before the Apple launch, as anticipation began building about the company's next iPhone.

    The iPhone 5S also disappointed investors accustomed to great things from a product that accounts for half or more of Apple's profit.

    "Investors were put off that Apple's price point didn't go low enough to attract a new market. It doesn't have the same range in price that Apple's competitors have," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia, which manages about $58 billion in assets.

    "Also, there was nothing transformational announced. It has the fingerprint scan and new colors, but bigger features, like different screen sizes, don't seem to be at the ready. This was less than expected from a company that has a reputation for surprising with a killer product or strategy."

    Credit Suisse analyst Kulbinder Garcha estimated that Apple's share of the smartphone market would fall to 15.5 percent this year and 13.1 next year, from 18.1 percent in 2012.

    "Rather than offer attractive pricing for consumers, and move the iPhone 5C into a new and growing price segment, Apple retained a premium pricing strategy in targeting the $400-800 smartphone segment," Garcha said in a note.

    "This segment is not forecast to see meaningful growth long term. This decision, at the margin, is good for profitability but not growth," Garcha said.

    Apple's profit for the quarter ended June 29 fell 22 percent as gross margins fell below 37 percent from more than 42 percent in the year-earlier quarter.

    Nomura analyst Stuart Jeffrey said Apple may have ensured stable margins for the next couple of quarters by pricing the 5C at $99 with a contract and $549 without. This was not enough for BofA Merrill Lynch, Credit Suisse or UBS, all of which downgraded Apple's stock to "neutral."

    Saying the 5C was "nobody's low-margin phone," Cowen and Co analyst Timothy Arcuri said Apple's new relationship with Japan's NTT DoCoMo Inc plus an expected tie-up with China Mobile Ltd supported the view that Wall Street's estimates for Apple earnings in 2014 looked too low.

    Arcuri said gross margins for the 5C appeared to be as high as in the mid-50 percent area.

    Raymond James and Associates maintained its "strong buy" recommendation on the stock and raised its share price target to $675 from $600, based on expected demand for the lower-end iPhone, coupled with the NTT DoCoMo relationship and the preservation of gross margins.

    Canaccord Genuity kept its "buy" rating on the stock and raised its target price to $550 from $530, citing Apple's aggressive launch plans in more than 100 countries by year-end.

    The brokerage also raised its 2014 estimate for iPhone sales to 180 million units from 177 million.

    Analysts at UBS Securities said that even if Apple secures a partnership deal with China Mobile in the near term, it will have a hard time competing against Google Inc Android devices made by Samsung and others, priced 40 percent to 50 percent lower than the iPhone 5C.

    UBS, which cut its rating on Apple's stock to "neutral" from "buy," cited a survey of 35,000 Chinese consumers conducted by ChinaDaily.com that indicated only 2.6 percent of respondents would consider buying the cheaper iPhone at the $549 price.

    "We worry that Apple's inability/unwillingness to come out with a low-priced offering for emerging markets nearly ensures that the company will continue to be an overall share loser in the smartphone market until it chooses to address the low end," Sanford C. Bernstein analysts said in a note.

    (Reporting by Ryan Vlastelica in New York, Eileen Anupa Soreng, Neha Alawadhi and Saqib Ahmed in Bangalore; Editing by Ted Kerr and Steve Orlofsky)
     
  16. the8thark macrumors 68040

    the8thark

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    Apr 18, 2011
    #16
    So what? Apple is a business and Apple does what gives it more profits. Apple thinks quality + high margins = more profits. If Wall Street does not get this, then their loss.
     
  17. atlatnesiti macrumors 6502a

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    #17
    What an ignorant thing to say.
     
  18. the8thark macrumors 68040

    the8thark

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    Apr 18, 2011
    #18
    Is the truth an ignorant thing to say now days?
     
  19. lulla01 macrumors 68020

    lulla01

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    Location:
    U.S
    #19
    Nobody would have lived up to Steve. They say Steve hand his hand in the next 5 years of products from when he died. Providing they are following what he had his hands in everything is going to plan.
     
  20. VFC macrumors 6502a

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    Feb 6, 2012
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    SE PA.
    #20
    Wall Street knows that growing market share is more important than high margins. If Apple's market share continues to fall, then they will be forced to cut prices (with lower profit margin); but by then, they will be operating from a weak competitive position.
     
  21. xVeinx, Sep 11, 2013
    Last edited: Sep 11, 2013

    xVeinx macrumors 6502

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    California
    #21
    In order for Apple to maintain margins, they have to price the phone where it is. The iPad mini was an initial foray into lower-margin products, and it increased market share, at the expense of canibalizing sales of other products and their margins. Releasing a phone into new markets like China with a starting price that is low forever cuts off the 5S pricing levels for but a few. Apple is going to have to release a lower-cost iphone at some point, but doing so too early means that they lose out on a great deal of money elsewhere. I expect that they will only release a lower-cost iphone when they have a newer product in a new market segment, or when they have expanded into as many phone markets as possible and have reached a level that they estimate to be the summit: see the ipod line progression to understand their strategy. Apple isn't stupid, and the analysts looking for a quick buck and market share don't understand product/market lifecycles like they ought. Market share is important, but having a large market share may also be less important over time. Exponential growth isn't possible forever, and having the largest share means that you end up in the twilight portion of the market. You can't keep interest forever, and defection rates/churn will only start to increase in various markets over time. Slow and steady wins the race, not the "lets release 50 phones and gobble up market share". Samsung will have the marketshare and not the margins; when the marketshare leaves for another product, they will have nothing to show for it.
     
  22. the8thark macrumors 68040

    the8thark

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    Apr 18, 2011
    #22
    That's a big if. The Mac has had a low market share for almost 20 years. But now it takes the lions share of all PC profits. What you say is technically true. We just don't know how low a market share is too low to be sustainable for Apple.

    After saying that Apple is in a unique position. For others they have the market share but low margins. if their market share drops nothing they can do bar make more phones as they don't have a margin they can drop. If Apple's market share drops they can drop their margins a little.

    Wall Streets forgets that a business has one aim. To make money. That's it. Wall street believe max market share is the best way to make money. Apple is proving Wall Street wrong.
     
  23. atlatnesiti macrumors 6502a

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    #23
  24. VFC macrumors 6502a

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    #24
    Declining market share is not a strategy for long term success.
     
  25. the8thark macrumors 68040

    the8thark

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    Apr 18, 2011
    #25
    That's just a rumour. I'll believe it when it comes direct from the mouth of Apple. Apple probably have phablets in their R&D department at Apple HQ. Nothing unusual with that, it's good Apple test things on a wide range of hardware. A ton of stuff in their R&D department never makes it to the store shelves. But elements of these things do.
     

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