Great post. I've thought the exact same things. I would LOVE to hear the conversations Jobs is having right now with his department heads and I'm even more interested in who is winning those arguments.
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Steve Jobs lost $30M today as Apple stock fell, 1 day after Consumer Reports article
- Thread starter zub3qin
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Great post. I've thought the exact same things. I would LOVE to hear the conversations Jobs is having right now with his department heads and I'm even more interested in who is winning those arguments.
Why? Because your stock app only has Google, Apple, and Yahoo so therefore it was one of only a few?
If confidence was lost then Apple's stock price would have plummeted. Again, people are making a bigger deal out of this than it really is. You are adding to the speculation and the overall problem. This is turning into an Apple smear campaign. It's just dumb.Why? Because your stock app only has Google, Apple, and Yahoo so therefore it was one of only a few?
A smear campaign usually requires "dirt". You don't need to dig very far below the glossy plastic to find it with the iPhone 4's antenna.
I think you have your answer. Does anyone here actually invest in AAPL? Just curious...
I missed the boat back in 2007 before the iPhone launched and I had a chance to buy about 150 shares
I assure you, he's not losing sleep over it. His net worth is what, $5b or so? And it's not like he's really "lost" that money. His paper net worth has gone down, but if the stock goes back up, it's like the "loss" never happened. And I seriously doubt he was planning to dump stock tomorrow anyway.
Clearly you mean the Gorilla Glass. And you don't have to dig under anything - because it's ON THE OUTSIDE lol
Apple stock dropped 2.134% in one day. That is not a sell off nor a huge one day loss.
Now if Apple dropped 20% or more in one day, that would be significant and would indicate confidence issues.
As for Steve Jobs, at the current stock value of $251.80 per share, his 5.4 million shares are worth 1.3 billion. He probably didn't even notice a 30 million decline in value.
Now if Apple dropped 20% or more in one day, that would be significant and would indicate confidence issues.
As for Steve Jobs, at the current stock value of $251.80 per share, his 5.4 million shares are worth 1.3 billion. He probably didn't even notice a 30 million decline in value.
About today's decline - no - I'm sure they don't care
About the recent wave of really bad press - they care.
I'm sure it's just billions.
Never know until they report their earnings I guess, which this should be one of their most profitable quarters...maybe.
@aggie -- Probably.
Phones cost 187 dollars each to manufacture, so subtract that from 600-700
You do realize that it was up over $10 two days ago, right?
Honestly, this antenna issue isn't going to affect the stock too much until an inordinate amount of phones are returned/replaced. It's going to take a few weeks. It will start to get interesting when its discovered that the firmware update doesn't alleviate the issue.
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.
It looks like things are turning bad for Google soon though. Maybe just a rough patch.
For some reason I cannot get this Willy Wonka scenario out of my head. Remember how Wonka closed the factory for many years? I keep thinking that Jobs would be someone like that: he would just say "Screw you all, we are closing up shop". Different reasons I guess, but I keep picturing Apple HQ as the Wonka factory making magical products for one day it to close when it doesn't really need to. Rather then addressing the problem, SJ would do something drastic. And I really hope that does not happen!
This isn't far-fetched.
He has more money than he ever needs. He has every accolade obtainable.
There is not more he can really do with Apple. To him, Apple is just a hobby- a way to spend the day. How much bigger can Apple or Jobs be?
He has had a life-altering illness... he almost died. His life-span is reduced now that he has a transplant.
I don't think it is too far fetched to think that a man in his position would shut things down or even leave Apple to do something else... maybe even (gasp!) charitable, like Bill Gates.
There is a thing called board of directors. There is no way this would ever happen.
Steve Jobs can just basically make product decisions at Apple. If you're the smartest man of a board of directors, you're the CEO and you're a well known figure like Steve Jobs, you could go into work tomorrow and be fired in a flash. Once there's a board, it's very hard for one man no matter how powerful, to close a huge company down.