P/E ratios shouldn't be though. The problem with investors is that it's opportunity cost and sentiment. people buy into stocks that they think people like you and me will buy into and than dump it leaving us to hold the thing afterwards.
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Investor Carl Icahn Dumps Apple Shares Over China Concerns
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Tim Cook lacks the vision for long term progress.
He hasn't sold his shares because of concerns over China, he hasn't sold them because Apple is doomed, he's sold them because he's made $2bn and with Apple's current mainstream product line stagnating he can use that money to invest better elsewhere. If one of Apple's products becomes more mainstream and takes off he'll be back.
No need for the nagar ice comments over this, don't be scared over false claims from a billionaire.
No need for the nagar ice comments over this, don't be scared over false claims from a billionaire.
Literally NONE of your post has anything to do with the article. None.
Besides it being about him? Maybe they should use his senior picture from high school?
No, Icahn didn't have much to do with pumping up the stock -- it's essentially at the same price now as 2012 (compare to, say Google, which has more than doubled since then). And he didn't exactly "dump" it leaving other shareholder out to dry, which is traditionally what a pump and dump is. He sold it because he didn't see his investment paying off any time soon. If anything he can be credited for getting Apple to finally pay dividends.
Well, someone has to preside over the Golden Age of Fancy Wristbands.
I think you're confusing your personal preferences with "innovation".
Do you really consider waterproof, bigger battery, and 32 GB storage on the cheapest models to be "groundbreaking technology"? If you introduced a new phone that had all three, you'd hardly get a mention on Engadget, and they surely wouldn't call you innovative.
What's a comparable stock?
There isn't anyone out there with the same situation as apple. that's why PE ratio in this case is not very useful - it doesnt tell the whole story.
They'll build a wall and make the US pay for it?
You got that right big time !!!
The narrative on the financial news now is that Facebook and Amazon are soaring BECAUSE of their visionary CEOs. The specifically point out that Tim Cook is not that person for Apple - and that is why the stock continues to drop - very low confidence in Tim Cook and his team.
The electric car - if there is one underway - will be a huge disaster surpased only by the waste of shareholder money in buybacks.
Until his buys some stock back. (that's a great pic, haven't seen it in a while)
omg, im so glad I wont have to listen to this guy moaning about AAPL anymore, he didnt even own 1 percent of shares and I had to hear about this idiot all those times. We dont care what youre doing or why, go away carl.
Shaun - you don't understand. Tim Cook has all the money he needs - he does NOT know where to invest it - he is the problem. I fully agree that the buybacks are a huge waste - go read my posts over the past two years on that topic.
As to giving the money away - that is not the role of the company - returning value to shareholders is.
In what way is a bigger battery more innovative than 3D touch.
For those that saw the interview ,Icon seemed caught off guard in many questions. He seemed to be protective of his moves yet he was the first out there to say he purchased 'additional shares' on Twitter last year.
Yes the SEC GOVERENS WHAT HE CAN SAY but it should be both ways
Yes the SEC GOVERENS WHAT HE CAN SAY but it should be both ways
Is it fair to say that Apple is indeed is too dependant on China?
Would they have made consistent quarters of record growth had it not been for the millions of customers there?
I'm not suggesting other companies are any different (given the huge population, why not market there).
But maybe it is time Apple look elsewhere. I know India is the obvious play.
Would they have made consistent quarters of record growth had it not been for the millions of customers there?
I'm not suggesting other companies are any different (given the huge population, why not market there).
But maybe it is time Apple look elsewhere. I know India is the obvious play.
You're asking these questions because you don't understand the stock market.
A lot of the stock is based on a company's potential to sell in the future. Apple has been losing ground to other companies since last year. There is also no hope of innovation in the near future with Mrs. Cook at the helm of the company. The only items we've seen is a stalling Apple Pay roll out, a mediocre watch which isn't doing very well in sales, and a failure in Apple Music.
The only way Apple's stock is going to go up again is if you see Tim Cook act like a visionary inventor, which isn't going to happen. If you own APPL stock sell it now. It was down $6 a share yesterday, and now $3 a share today.