Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

This Quote Sums Up Apple's Attitude

I

izzisdashiz

macrumors member
Original poster
Jun 19, 2010
39
0
"To investors, you know, you invest in the company we are, so if the stock goes down $5... I don't think I owe them an apology."

Love it or leave it. I've had no problems with my i4, but that's still harsh.
 
izzisdashiz said:
"To investors, you know, you invest in the company we are, so if the stock goes down $5... I don't think I owe them an apology."

Love it or leave it. I've had no problems with my i4, but that's still harsh.
Click to expand...



very very harsh. I know i'd be pissed if i was an investor because I bought more than a phone
 
you people don't get that investing in a company you believe in is more about the long run and not about short term gain.

people who don't see that and feel like this ruined tehir short term gain without believing in what apple believes in don't deserve an apology.

and apple is right to believe so.
 
izzisdashiz said:
"To investors, you know, you invest in the company we are, so if the stock goes down $5... I don't think I owe them an apology."

Love it or leave it. I've had no problems with my i4, but that's still harsh.
Click to expand...

Honestly, that was the one part of the entire conference I could fully get behind. Once a company has resigned itself to doing everything possible to better its stock price, the product suffers.

You can't do the right thing and see continual growth. Eventually, you start making decisions that sacrifice long-term gain for short-term profit. This makes Wall Street happy, but not your customers.

(And this is from an Apple stockholder)
 
People may find the truth harsh, but just because some people have a bad reaction to it doesn't mean it's a bad sentiment.

As an investor, I believe Apple was trying to make the most successful phone they could. As long as they didn't deliberately lie, or screw investors just to pad their own wallets, or break laws that would potentially jeopardize the future of the company, I have absolutely no reason to think they owe me an apology. (Similarly, I don't expect them to send me a "you're welcome" card in every time they do something that makes their stock price go up more than expected)
 
I have made more money from Apple Stock than I have spent with them over the years, so I know where my money will be.
 
Unfortunately that is not the full quote. Engadget had the quote the way you have it, but Ars Technica had this: Jobs said that he wants investors who are in apple for the long term, so if someone buys stock now and it goes down $5 he doesn't owe them an apology.

That seems like a very reasonable attitude to me.
 
Nykwil said:
you people don't get that investing in a company you believe in is more about the long run and not about short term gain.

people who don't see that and feel like this ruined tehir short term gain without believing in what apple believes in don't deserve an apology.

and apple is right to believe so.
Click to expand...

This statement all depends on your individual investment strategy. Since President Clinton raped day trading by stacking on huge tax penalties I would say you're mostly right. There are some investors that buy and sell a stock quickly instead of holding onto it forever even if they believe in the company however.
 
Actually, I think this one is more telling.

engadget said:
11:22AM Q: You released a software update for the iPhone about two years ago which improved the signal. You say now you've got a long-standing bug that doesn't show the right bar data. Can you square those two things?
Steve: Well let me say something about Apple. We didn't want to get into any business where we didn't own or control the primary tech, because if you don't the people who do own it will beat you. Our big insight about 8 years ago, was that it was going to shift from big displays or optical pickup heads, or radios being the most important component, we thought it was going to be software. And we're pretty good at making software, we showed that in the iPod... other people are good at it too, like Palm, but we brought great software to the smartphone space. We've been able to create and distribute major updates to this software since the iPhone was released, and we've made the product better and better for free. Everyone is copying us now, but we were the first ones to do it. To answer your question, the formula we use the calculate bars has been off since the beginning, and the new update fixes that for the iPhone 4, 3G, and 3GS... I don't know if I understand the other part of your question?

11:22AM Q: Well you fixed this bug two years ago, and now you say there's always been a problem...
A: They're probably unrelated. I honestly don't remember what the issue was before, but they're probably totally separate.
Click to expand...
 
I would have liked a little less of Steve's attitude at this press conference. He really didn't try that hard to make us feel better emotionally about the issue.

But the truth is that anyone who has bought and held Apple stock for any significant length of time has made a ******** of money. I know I have. Apple stock almost single-handedly recovered all my IRA losses from the recession. I **** you not.

So I really have little to complain about, and they know quite well they won't lose too many investors over this.

And the free case solution is reasonable.

Oddly, since the 4.01 update, I can't get my phone to go to NO SERVICE, or drop Speedtest results, in a place where I could CONSISTENTLY do this before. I almost think they did sneak in a real fix beyond just the bars, but it's not 100% reliable so they don't want to admit it.
 
izzisdashiz said:
"To investors, you know, you invest in the company we are, so if the stock goes down $5... I don't think I owe them an apology."

Love it or leave it. I've had no problems with my i4, but that's still harsh.
Click to expand...

It's not harsh. He's spot on. The vast majority of investors don't care at all about the companies they invest in. They invest to make money. That's all.

So why should Apple care about them?
 
I don't the stock holders have done bad since AAPL was at $78 a share a mere 18 months ago and has risen to record highs of $270

The don't owe the stockmarket an apology
 
Corey213 said:
very very harsh. I know i'd be pissed if i was an investor because I bought more than a phone
Click to expand...

No - SJ's correct on this one, anyone who's invested in Apple for the last few years and held the stock for any reasonable period did quite well.
 
I thought this was a stupid question. If Jobs thought the investors deserved an appology, he would have given them one. Apple works for investors not daytraders.
 
redman042 said:
Oddly, since the 4.01 update, I can't get my phone to go to NO SERVICE, or drop Speedtest results, in a place where I could CONSISTENTLY do this before. I almost think they did sneak in a real fix beyond just the bars, but it's not 100% reliable so they don't want to admit it.
Click to expand...
Anandtech reports 4.0.1/4.1 expands the dynamic range, so the phone holds on more tightly to the last bar for as long as possible before going to no signal.

iPhoneSignal_both.jpg


Per the graph, 4.0.1/4.1 holds 1 bar down to -121dB vs. -113dB on 4.0.
 
Their attitude is quite simple. As Steve pointed out at the D8 conference, they're the largest "startup" company in the world. They keep that mentality and a focus for making the best products they can. If you want to see someone with the mentality of profit over customer satisfaction, and focus for their bottom line and their shareholders first, you should really look at AT&T instead.
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back