I'm not sure where you're coming from. Are you busting the myth or building it? You're making him sound superhuman.
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Investor Carl Icahn Dumps Apple Shares Over China Concerns
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I just pictured him jumping out the window and flying when I read that.
I truly hate to bring up Jobs since he is long gone but here it is. Jobs could pull you in, that's what a good salesman does.
I will probably get yelled at but I cannot stand to watch cook and the current bunch at their events. I keep an eye on blogs to see what has happened. His mugging for the camera and how he does his voice. If he wants to sell the current lineup of upsell products, which seem designed to get you to move up to the next model, he needs to have that pull in power.
Granted he will pull in those that would buy anything with an apple logo on it but to many others he needs to pull them in.
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I find it disappointing to hear Carl Icahn refer to Tim Cook as "doing a great job" because Icahn places zero value on the concepts that made Apple great in the first place, like engineering and innovation. I realize that Cook was caught between a rock and a hard place in dealing with someone like him, but one has to believe (IMO, at least) that there was still enough money to both meet the short-term needs of noisy shareholders (to put it as nicely as I can) and maintain proper R&D.
The companies are in business to make money and they would go private if they thought it was in their benefit.
It's not the CEOs job to sell you stuff ..it is the marketing department' s job to do that.
Steve was one of a kind and the sooner people will realize he won't be coming back the better it is for Apple!
Geeks are the one who buy thanks to keynote (or watch it for that matters) the regular users buys thanks to marketing..... They cannot care less if it is Jobs or Cook the ceo...
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You won't get yelled at by any objective poster, such as myself
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You won't get yelled at by any objective poster, such as myself
I would have to somewhat disagree. Most companies have 401K plans that employees can invest with.
I disagree somewhat. The part about it being the marketing department's job is correct, but apple products have always been higher priced products and Jobs did a great job of pulling people in, in spite of it.
Yes, people should get past it but cook does not have the ability jobs had and apple has gone even more to an "upsell" line where some of the lower models seem like they are designed to move people up to the next level. More than it ever was.
A lot of people watch keynote, not only geeks by any means whatsoever. I can't stand watching it with cook and just get my info from live time blogs. While it's not the ceo's job to sell stuff Jobs made it the ceo's and people are used to it.
How is him making money off stock have anything to do with the company? Please explain. When you buy or sell shares, you're not causing Apple to lose or gain money. Selling or buying shares is between other people who own stock.
Now, "talking Tim into" anything is on Tim Cook, not Icahn.
And how does Icahn has just as much to do with the 16GB or 5400 rpm drives as any other investor does? These are moves Apple sees fit to maximize profits which is the reason the Apple corporation exists, to maximize profit for all their investors. It's amazing people still view Apple as a charity that supplies consumers with great electronics. Even Woz was recently quoted saying Job was all in it for the money.
Not to mention government employees in the US where the government matches up to a certain point. When in the US the wife worked for the food processing industry and even they offered it. I know people from mexico working there that have 401k's, I have an aunt that retired there and is living on social security and 401k withdrawls, she barely speaks english and was nowhere near the upper 10%. I think someone is really out of touch or has never held a job.
One thing I noticed when were in the us. The wife worked in food processing with mostly illegals. Decent pay, blue cross insurance for 18.00 a month small copay for visits, vacation. Paid holidays. People from the us would work for 1 or 2 days and quit to work in fast food or a store for less money, no benefits. Then whine about jobs.
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Interesting taken on Tesla. I think that would be a great move. But, I don't understand your comments on Tim Cook. If Apple "depends on a visionary", why do you think "a master of inventory and production efficiency" assuming the role as CEO "was the best choice"?
Look at all of the professionals that know what is best for Apple. You armchair CEO's make me laugh.
Cook doesn't have the balls to fire them all. How on earth Eddy Cue is still there beats me. He is the VP responsible for every piece of crapware Apple has, including iTunes and iCloud and yet he still earns millions in bonuses.
Exactly.
I'm not really sure what the pressure sensitive screen is good for. There's not really any app support for it. I suppose making it a bit easier to drop a map pin is nice. But it's a pretty useless feature. It doesn't matter how much engineering goes into something what matters is what you can do with it. Just like a thinner phone may take some amazing engineering, but if nobody wants a thinner phone it's just silly junk.
On the other hand, a longer battery life will benefit pretty much everyone.
iTunes and iCloud have more or less become complete failures. They are cringe-worthy. Start by firing whoever is in charge of these projects and start from the ground up
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I agree. I do not use icloud except for ios apps that use it. I have constant problems with mac app store also.
Apple definitely needs an enema.
Exactly. The iPhone sales drop is not worrisome, iCloud and iTunes are part of the big problem
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I would hardly consider broad based mutual funds housed within a retirement account "stock ownership"...
I understand that STRICTLY speaking, you are correct- but would posit that most consider being able to time the purchase/sale of an individual company's shares a hallmark of true stock ownership.
Sorry I'm responding late to the thread.
I am a big fan of Apple but this is a worrisome time for owners of its stock. You want to be able to say, Icahn is wrong. But what does Apple have coming into the product pipeline that is really going to improve sales? Nothing, seemingly. The iPhone 7 at least from all the rumors, seems to promise nothing new. The same size. A worse headphone connector that won't function with existing headphones. The same form factor. Yes, it will have a faster processor etc, but those kinds of internal advantages did not make the 6S a runaway success.
Also, on a very petty level, some of Apple's programs have become very hard to use. I was on a business trip recently and good Lord, it was very difficult to find out what TV shows and movies were actually downloaded from iTunes to my phone. Meanwhile Amazon's video app, Netflix's, and Hulu's, all have that divine simplicity that Apple used to embody. iTunes, in contrast, feels like a pretty baroque and multi-layered mess (at least to me).
iCloud? I don't understand how to use it. Other solutions like Dropbox have that Apple-like heavenly simplicity and "just work" without requiring you to be more of a technician than a user/artist/writer. But Air Drop? Apple Photos in the cloud? I can't make it work, they make feel like a dummy, and I imagine I am not alone in that feeling.
Then there's the fact that all the iPhones are coming with this stingy 16 GB of memory, when it would cost Apple very little to be more generous. That makes me think, they are propping up prices and margins in a way the market would not support otherwise.
Finally, there is the way iPad sales are in a multi-year free fall. Maybe the exact same thing is happening with iPhones. They're good enough. They last a long time. You don't need to upgrade. Not this year. Not next year. Maybe not even the next.
So that leaves future Apple products to save the day. But what? A new Apple Watch? A car?
Somebody please tell me why I shouldn't follow Carl and sell my stock. Because for the first time in a while, I'm having serious doubts about holding the stock for the longterm.