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Highlights of Apple's 2018 Shareholders Meeting
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Actually you do agree. You just read my comment as if I was stating all businesses accept mobile payments now. In fact I was stating the opposite, albeit in the wrong verb tense. I said businesses followed when I should have said businesses are following, kicking and screaming.
If Forstall isn’t one of the 9, then forget it. Apple is rudderless, it’s making money but it’s safe. There’s no passion, and that there is, is fake; see Cook’s forced and false, “We love our users” on the recent ABC interview when questioned about Battery/CPU throttling.
He’s a walking Steve Jobs sound board that doesn’t believe in the words he’s using.
Was Scott an *******? Yes. Was Jobs an *******? Yes. People at Apple are said to no longer “need to fight for the products” (that’s from Bob Burroughs) and that it shows in the lack of care and passion that goes into an Apple product.
Cook has moulded an Apple in his image; boring, monotone, safe and second rate.
Sure, they make a ton of money, most of which comes from previous good faith and fandom, but Cook has always been the numbers guy, never never been the product guy, and the people who are the product guys (Ive, Federighi, Schiller) are just as bad.
Someone mentioned Federighi for the next CEO? No. The guy is a cringeworthy, canned laughter, wannabe stand up comedian.
Bring in someone who doesn’t take ****, who’s arrogant, who only demands the best, who’ll tell people, “That’s ****, do better”, someone who’ll make people fight for their ideas, show passion for their product.
Forstall was onstage at an event recently chatting about the first iPhone and creating it and his eyes, his entire face, lit up. I’ve not seen that genuine passion from anyone at Apple, since Steve passed away.
Yes, Steve chose Tim to succeed him, but we ALL know he’s picked the wrong guy before ...
He’s a walking Steve Jobs sound board that doesn’t believe in the words he’s using.
Was Scott an *******? Yes. Was Jobs an *******? Yes. People at Apple are said to no longer “need to fight for the products” (that’s from Bob Burroughs) and that it shows in the lack of care and passion that goes into an Apple product.
Cook has moulded an Apple in his image; boring, monotone, safe and second rate.
Sure, they make a ton of money, most of which comes from previous good faith and fandom, but Cook has always been the numbers guy, never never been the product guy, and the people who are the product guys (Ive, Federighi, Schiller) are just as bad.
Someone mentioned Federighi for the next CEO? No. The guy is a cringeworthy, canned laughter, wannabe stand up comedian.
Bring in someone who doesn’t take ****, who’s arrogant, who only demands the best, who’ll tell people, “That’s ****, do better”, someone who’ll make people fight for their ideas, show passion for their product.
Forstall was onstage at an event recently chatting about the first iPhone and creating it and his eyes, his entire face, lit up. I’ve not seen that genuine passion from anyone at Apple, since Steve passed away.
Yes, Steve chose Tim to succeed him, but we ALL know he’s picked the wrong guy before ...
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Very few people know what 10 bit color even means. It’s commonly referred to as HDR (even if not 100% technically accurate) and that is a much more widely recognized term...
I agree on this - partially. It's not about the banks only, also about the fees raised by Apple. At least this is the case in Germany according to the economy focused media. Yet the banks over here struggle a lot currently and though try to block every competition...well, that's free market economy.
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I'm not disagreeing with your view on this, but I will say that Apple Pay adds a number of features to my debit cards and credit cards that you may have overlooked. The first is security: while I don't think you can leave your cards in the safe at home in the USA just yet, in Canada and Europe I really don't need them, and as a result I feel much more comfortable using the cards in new places, or leaving the cards at home.
Second is speed -- I mostly use my Apple Watch for this, but I can pay for things so much faster than I can getting out my wallet, and getting out my card (which I keep in sleeves that must be removed first, because otherwise the cards wear out faster -- I spend money like crazy!). Works beautifully with most transit systems as well, which is a big time-saver.
Finally, while it has never happened to me thus far, if my iPhone or Watch were to get stolen or just mislaid, that information is very safe (see security above) but also I can track the stolen/mislaid device and likely get it back. I'll never have to call ever credit/debit card issuer and have them put a block on my account and send me new cards (a right hassle) ever again.
I definitely would like to go entirely wallet-free all the time, and would like Apple's Wallet to do more with loyalty/reward cards, but we'll get there -- the fundamentals have to be covered first, and that isn't going to happen until Apple Pay/Contactless Card payments are accepted nearly everywhere.
Many years ago (early 90s) I was involved in buying a lot of Apple computers for the company I worked for. What we could do with them (and postscript) compared to PCs the rest of company had to use was spectacular really. (We were experimenting with going straight to printing plate while they were bragging about finally getting 256 colours etc.)
We adored the hardware and associated software but hated Apple's attitude to us. Eventually things got so bad that along with a load of other key customers we were invited to a seminar at Stockley Park in order that they could prove they were really listening to us. It was hilarious... An Apple guy stood up and gave a presentation about how wonderful they were which didn't really address our concerns. There was then a question and answer session in which we expressed our concerns one after the other. The Apple bods responded pretty much to each question with the attitude that if we really didn't like what Apple was doing we should basically all just go and buy PCs. Eventually it got pretty heated and the Apple bods made a swift stage exit...
I never really bought in to the one man company thing but perhaps I'm wrong as it's beginning to feel very 1993 again...
I'm surprised a Cook successor is already being floated at 'every' shareholder meeting, is he really that old? We certainly need to get someone with a different background than supply chain in the driver seat. Possibly someone with public relations, UX & UI design experience, that and hardware QA. All have been severely lacking over the last few years.
'Tim cook hopes to still be alive to see the elimination of money'
AKA
Tim Cook wants to take all the money in the world pay no tax on it and horde it so there's none left.
'Tim cook hopes to still be alive to see the elimination of money'
AKA
Tim Cook wants to take all the money in the world pay no tax on it and horde it so there's none left.
None of what you described is Apple's fault. They can't make businesses accept NFC and drivers licences are regulated per state, so it'll take the states to stop dragging their feet and implement a way for that to happen similar to Iowa. Also, in terms of rewards programs, that's still up to the individual businesses. If I remember correctly, Apple added in the ability to have rewards.
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None of these are Apple's problem. You can start a Tesla without your key fob and an iPhone app, and your state concealed weapons program just needs to develop either an app or Apple Wallet card for your permit.
Exactly. Tim said it's on the agenda of every BOARD meeting. Along with succession planning for other positions. Tim said that one of his most important tasks is to groom multiple successors for the Board to choose from.
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There were 2 or 3 dogs working security (I was there). They had a body harness complete with id tags identical to those that employees wear. We also went through a bag check and metal detectors (which didn't work too well--they seemed to be tuned way up). The breakfast was nice, and we were offered coffee and water while we waited in line to enter the campus as the dogs looked us over.
Other than for a bigger paycheck, what would motivate any high level exec to take the job? I'd ask the same question about someone wanting to be President of the U.S. The money alone can't be the reason. Engineers and tech folks don't usually make the best CEOs, either by inclination or talent. That's why it was Jobs, not Woz', who made the best fit at the helm of Apple. I have no idea who would be the best fit of the current Apple exec's. I think they might be better served getting someone outside the current employee set. As a humorous suggestion, what if Bill Gates were to come out of retirement and take the job? That would be incredible and just ooze of irony, but it wouldn't be much more of a shock than Steve Jobs' comeback.
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They've been buying back the past few years. Apple basically buys it's own stock, so then there are less shares of stock in the public, and they save money when paying dividends. They also end up "owning" more of their own company, so other large stockholders can't really force them to do anything. It tends to be good for the company and the stock price.
The split was mostly done to get the price below $100/share for various reasons. Some companies like to keep the price low so typical consumers can buy it. For instance, google price is over $1000/share, so many can't buy a single share.
I agree. I'd much rather buy either online or at a non-Apple (but certified) store. The lines are shorter and you don't feel like you're dealing with Moonies and stepford wives.
To be clear, existing shareholders end up owning more of the company. Apple retires the shares that it buys back, they aren't held as treasury shares.
So if you own 100,000 shares of AAPL, instead of that representing, say, 0.0017% ownership of Apple (as it might have without a certain amount of shares having been bought back), it might actually (with those shares having been bought back) represent 0.0019% ownership of Apple.
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Yeah, convenience is a big part of why I use Apple Pay. I appreciate the increased security as well.
In my experience, using Apply Pay (whether from my iphone or from my Apple Watch) is much quicker than using a physical card. Not only do I not have to carry credit cards and pull them out to use them, but using them - even starting with them in my hand - is slower than using Apple Pay.
Everywhere that I use physical credit cards, there's a delay in the transaction going through. And sometimes I have to sign something. With Apply Pay, the transaction happens meaningfully instantaneously (on my end). I move the iPhone or Apple Watch close to the scanner and, without any perceptible delay, it gives me the indication that the transaction has completed. And, unlike the experiences I've seen others describe, I've never had to do anything else - e.g., sign something or enter a pin or tap to confirm - when I've used Apple Pay.
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