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

Again - money, for Jobs isn't the issue.

Apple is his child. He's no doubt pissed that his child is being teased on the playground.
 
JDee said:
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.
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I don't understand why people don't get this?!?! All the talk of "Steve holds a grudge" etc... Steve is powerful, but not omnipotent when it comes to decisions @ Apple.
 
To put the roughly 2% drop in perspective - that's about as "significant" to Jobs as you thinking you have $1.00 in your pocket only to find out you have approximately 97-cents.
 
There is no issue with iPhone 4 signals. Main reason the press, such as Consumer reports is jumping on this is that they want web hits or sell more copies of their magazine. Its just greed. Buy the iPhone 4, it works, better then any other phone. I love mine.
 
slate1 said:
To put the roughly 2% drop in perspective - that's about as "significant" to Jobs as you thinking you have $1.00 in your pocket only to find out you have approximately 97-cents.
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All find and dandy until you're staring up at the $1 menu board at McD's ;)
 
brinatech.com said:
There is no issue with iPhone 4 signals. Main reason the press, such as Consumer reports is jumping on this is that they want web hits or sell more copies of their magazine. Its just greed. Buy the iPhone 4, it works, better then any other phone. I love mine.
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Ignorance is bliss, huh?
 
brinatech.com said:
There is no issue with iPhone 4 signals. Main reason the press, such as Consumer reports is jumping on this is that they want web hits or sell more copies of their magazine. Its just greed. Buy the iPhone 4, it works, better then any other phone. I love mine.
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The non-profit, money greedy Consumer Reports?
 
You guys realize Apple is a billion dollar company. They are now the second most profitable company in the world. $30 million is like going to Starbucks for the public.
 
Hankster said:
You guys realize Apple is a billion dollar company. They are now the second most profitable company in the world. $30 million is like going to Starbucks for the public.
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Yeah but, even if it's a drop in the bucket, do you think they're happy about losing 30 million dollars?

Look at it this way: Say you have $50,000 in the bank and no bills to pay. You then get a $35 parking ticket. That's really nothing to you. But I'll bet you're still pissed that you lost $35.
 
rotobadger said:
Yeah but, even if it's a drop in the bucket, do you think they're happy about losing 30 million dollars?

Look at it this way: Say you have $50,000 in the bank and no bills to pay. You then get a $35 parking ticket. That's really nothing to you. But I'll bet you're still pissed that you lost $35.
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Comparing Apple to Orange would be the exact analogy here.
 
brinatech.com said:
There is no issue with iPhone 4 signals. Main reason the press, such as Consumer reports is jumping on this is that they want web hits or sell more copies of their magazine. Its just greed. Buy the iPhone 4, it works, better then any other phone. I love mine.
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Holy ****. You can't be serious. :confused:
 
CocoaPuffs said:
Comparing Apple to Orange would be the exact analogy here.
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Not necessarily. Maybe my analogy was a little crude but the general premise is the same.

Just because Apple (Steve Jobs) has a lot of money doesn't mean they're happy about losing some of it. Even if it is trivial in relation to their total worth.

I don't think they will say "oh, well...we lost 30 million dollars. But at least we still have a billion!"

Companies always want to better their profits from the previous quarter.
 
rotobadger said:
Not necessarily. Maybe my analogy was a little crude but the general premise is the same.

Just because Apple (Steve Jobs) has a lot of money doesn't mean they're happy about losing some of it. Even if it is trivial in relation to their total worth.

I don't think they will say "oh, well...we lost 30 million dollars. But at least we still have a billion!"

Companies always want to better their profits from the previous quarter.
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The issue here is that you are equating stock value with cash on hand. Two completely different things, and hence I stated that you are comparing apple to orange.
 
CocoaPuffs said:
The issue here is that you are equating stock value with cash on hand. Two completely different things, and hence I stated that you are comparing apple to orange.
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I get you.

I guess I was referring to the posts that were implying that Steve Jobs and/or Apple don't care about losing money because they have a lot already. I know very little about how the stock market works so I certainly can't comment on the implications of a (temporary?) stock drop.

I suppose I was being a little to literal. In that regard, however, I still think regardless of how much money Apple have, they certainly care about the bottom line...no matter how trivial it seems to some outsiders.
 
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