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Investor Carl Icahn Dumps Apple Shares Over China Concerns
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I have a very clear understanding of how piss poorly AAPL stock is doing - as do most all investors.
From 9/2012 to today
AAPL 100 93.74
GOOG 350 693
AMZON 250 659
Even when compared to 'old-school' tech stocks like Microsoft/Intel...
MSFT 31 50
INTC 24 30
Yeah, AAPL is UNDERPERFORMING
Again, the need to focus. There's nothing they can do with hardware that will make users upgrade. It's strictly a software and services game now. That's what will be the competitive advantage.
Make iTunes a music player again and nothing but playing of content and syncing to devices. Music, books, movies, etc. should be a separate app. This should make iTunes lightweight again. The can focus on glaring UI issues.
The softwr
No, I'm not.
Make iTunes a music player again and nothing but playing of content and syncing to devices. Music, books, movies, etc. should be a separate app. This should make iTunes lightweight again. The can focus on glaring UI issues.
The softwr
No, I'm not.
People who talk like this need to grow up and stop defending Apple as a victim of Wall Street. It's a publicly traded corporation, not private ( the latter which I've seen ignorant Apple defenders use that word ).
Tim Cook is part of the problem and is the vulture inside Apple. He needs to be RID of. FAST. I've been warning MR users here for the last couple of years that he didn't seem right for the job and look what happened.
I don't own stock nor am I an expert in economics but Carl Icahn is not the kind of person you mess with. He may not be well liked but when he speaks, you listen.
It wouldn't surprise me if Carl starts a movement to get rid of Cook.
Pilgrim - my posting history (and signature) are very much in line with yours. Cook needs to go along with Art Levinson and several of the incompetent executives (starting with Eddy and Angela).
PE ratios shouldn't be...what?
Retail investors make up a tiny, tiny fraction of the overall volume of the market. That's especially true with large cap stocks like these. Buying rules for fundamental and quant funds alike almost never depend upon the likely trading behavior of retail investors.
I strongly believe Jony and Schiller needs to go too. Especially Williams. Something is not right with this guy.
All that have been in charge while Apple has been breaking all kinds of revenue records.
Yep - all riding the vision and innovation from Steve. Cook is 5 years into the CEO role - how has the stock been doing under his leadership? Oh - that would be dismal. Cook would not know innovation if it bit him in the ass. What has Angela done for her absurd compensation? How has Eddy "the slob" done on the Apple TV content?
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Riding it all would mean things would mostly be flat, at least certainly years after it all, and yet records kept on being broken and broken down to a historic worldwide one just last quarter. It doesn't just happen from something/someone from more than 5 years ago or anything like that.
If the USSR had had most of the world's manufacturing like China does when they tried to stop western influence things would have turned out very differently.
I also wonder if Jony's current styling direction is going flat - no pun intended. Apple needs a shake up but Cook is not the person to architect an effective shake up.
Well, not just the way Jony seems to be creatively stagnant or burnt out, but he might be doing things unchecked to the point that Cook has no ability to restrain his creative direction, UNLESS Cook picked out designs that reflected off his "personality" ( if you catch my drift ).
Cook also doesn't have the nuts to do the shake up, either. He may have tried to get Forstall to resign but he got fired instead. There was a riff raff over the signing of the document and I think Forstall refused to be the "fall guy", even though I may not agree with his UI background and viewpoints.
How's that going to happen when he's no longer a major shareholder?
I would think he would privately encourage the other shareholders to do it. He might jump back in if and when Cook goes.
No - not at all. Riding it does not mean things would be flat. You ride it until all the competitors start catching up or the market becomes saturated. One does not have to be a business genius to understand that a "one product" profit generator is a vulnerability that needs to be managed by new, innovative, game changers. Look at the stock price - lower than where it was 4 years ago - piss poor 2% dividend.
But riding it somehow means that over 5 years later all time historic world records are broken?
Tim Cook probably has roughly $200 million in assorted stock and stock options as part of his renumeration package. Its in his direct best interest to maximize profits at all costs. The better the stock does, the more he is worth.
This is why he caters to wallstreet so much. I'd really like to see publicly traded companies stop using stocks as pay, especially when they have an impact of putting profit margins ahead of consumer wants / needs.
Lord Vic - think about financial cause and effect. Consumer wants & needs being met / exceeded is the HOW you generate great profits > stock price.
On what basis do you think Cook is catering to Wall Street. Look at the stock price - Cook has failed. Not due to any "catering" but rather to his lack of execution on new endeavors and no new game changers on line.
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On the back of what Steve envisioned and launched. Stock price is about confidence in future earnings. The market is screaming NO CONFIDENCE in Cook & Team regarding future innovation / earnings.
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