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Steve Jobs lost $30M today as Apple stock fell, 1 day after Consumer Reports article

zub3qin

zub3qin

macrumors 65816
Original poster
Apr 10, 2007
1,315
4
Since Apple doesn't seem to respond to their consumers, maybe they will to their pocketbook.

One day following the Consumer Reports article on iPhone issues, Apple fell $5.49 per share.

Steve Jobs owns over 5.4 Million shares, meaning he personally lost nearly $30 million dollars today.

Sure the stock goes up and down, but maybe, just maybe if stock falls for a period of time he will pull back on the arrogance, and he will actually fix the proximity sensor issue and reported antenna issue.... or at least TELL US what is happening.
 
That doesn't really strike me as a huge loss for them, but I could be wrong...:confused:.

He didn't lose that money unless he sells all his shares...they're going to go back up again and he's not going to sell his shares anytime soon.
 
Missing the point folks. Even though they're still making millions, they might be missing out on even more than that.

In other words: They might make 200 million dollars in August. Without the bad press they might have made 250 million dollars. (I'm making these numbers up of course).

It's not about how much they're making, it's about how much they're losing.
 
The money isn't an issue.

Steve Jobs doesn't like to be questioned. Not his motives. His products. His thought process. His company.

He has an ego. And worse than losing money today - no doubt he's frustrated that people are not seeing the world the way he wants to. He wants things done his way and damn anyone that tells him otherwise.

Does he care - who knows. But there's no doubt, in my mind, at least that he's throwing his arms up in the air and shaking his head. And no doubt fighting with his PR team on next steps. No doubt he is arguing that nothing's wrong and that no response is necessary aside from the OS updates. And no doubt the PR team is telling him to suck it up, so to speak.

I would love to be a fly in that room to hear the PR teams and Jobs debating what to do.
 
If Jobs owns 4.5 million shares, he owns $ 1,373,274,000.00 worth of Apple, after the stock dropped. No big deal for Jobs.
 
RC83 said:
Dude, he just made BILLIONS by selling 1.7 million $700 iphones in 3 days..
Click to expand...

He doesn't make a penny off of that. He only makes money if Apple stock goes up.

Since iPhone 4 release day Jun 24, Apple stock has fallen $14.90 per share.

So even though Apple may have sold 1.7 million iPhones, since release day Steve Jobs has LOST nearly $81 million.
 
samcraig said:
The money isn't an issue.

Steve Jobs doesn't like to be questioned. Not his motives. His products. His thought process. His company.

He has an ego. And worse than losing money today - no doubt he's frustrated that people are not seeing the world the way he wants to. He wants things done his way and damn anyone that tells him otherwise.

Does he care - who knows. But there's no doubt, in my mind, at least that he's throwing his arms up in the air and shaking his head. And no doubt fighting with his PR team on next steps. No doubt he is arguing that nothing's wrong and that no response is necessary aside from the OS updates. And no doubt the PR team is telling him to suck it up, so to speak.

I would love to be a fly in that room to hear the PR teams and Jobs debating what to do.
Click to expand...

Do you really think he's that big of a prick?
 
zub3qin said:
He doesn't make a penny off of that. He only makes money if Apple stock goes up.

Since iPhone 4 release day Jun 24, Apple stock has fallen $14.90 per share.

So even though Apple may have sold 1.7 million iPhones, since release day Steve Jobs has LOST nearly $81 million.
Click to expand...

Not directly, no. But it IS money in his pocket in other ways. Right before the iPhone 4 came out don't you think people were in a mad rush investing in AAPL?

@wheezy -- What's to think about? He's definitely an egomaniac who loves things his way or no way at all.
 
wheezy said:
Do you really think he's that big of a prick?
Click to expand...

I really think that he is just. His company does not want to come clean about the defects that the iPhone 4 has because they do not want to waste money on fixing it or doing a recall !
 
wheezy said:
Do you really think he's that big of a prick?
Click to expand...

zizo79 said:
I really think that he is just. His company does not want to come clean about the defects that the iPhone 4 has because they do not want to waste money on fixing it or doing a recall !
Click to expand...

samcraig said:
I think he's a shrewd, savvy and opinionated CEO. I don't fault him for that "per se" - but he's known to be a very difficult person to work for. Nuff said.
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maflynn said:
yes
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I think you have your answer. Does anyone here actually invest in AAPL? Just curious...:cool:.
 
Only gonna get worse...

21590804.png
 
If you put the stock price in perspective from June 8th (the day of iP4 announcement) to today, the share is still up more than $8.
 
It's one of the few stocks that fell today which is a direct indicator that confidence was lost among share holders.
 

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ddoolin said:
That doesn't really strike me as a huge loss for them, but I could be wrong...:confused:.

He didn't lose that money unless he sells all his shares...they're going to go back up again and he's not going to sell his shares anytime soon.
Click to expand...

I dunno man, I'm not nearly as rich as El Jobso, but I mess around with stocks just for fun and when the thought of losing money pops into my head I freak out. Maybe the slightest dent in his wallet could make him rethink how he's handling the people who are the reason why he can afford to lose 30m in one day and not care.

On a side note, I am the owner of a lot of Apple products. But when I invested in Google stock a few years back, I couldn't of made a better decision. :)
 
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