This Quote Sums Up Apple's Attitude

Discussion in 'iPhone' started by izzisdashiz, Jul 16, 2010.

  1. izzisdashiz macrumors member

    Jun 19, 2010
    "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.
  2. Corey213 macrumors member

    Jun 21, 2010

    very very harsh. I know i'd be pissed if i was an investor because I bought more than a phone
  3. Nykwil macrumors 65816


    Nov 5, 2002
    Boston, MA
    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.
  4. Gizmotoy macrumors 65816


    Nov 6, 2003
    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)
  5. Chaszmyr macrumors 601


    Aug 9, 2002
    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)
  6. garp macrumors member

    Aug 16, 2007
    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.
  7. random person macrumors 6502a

    Feb 28, 2008
    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.
  8. Loonytik macrumors 6502a


    Jun 2, 2008
    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.
  9. Fernandez21 macrumors 601


    Jun 16, 2010
    Actually, I think this one is more telling.

  10. SpaceKitty macrumors 68040


    Nov 9, 2008
    Fort Collins Colorado
  11. redman042 macrumors 68030


    Jun 13, 2008
    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.
  12. sandyjmacdonald macrumors 6502

    Jun 12, 2009
    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?
  13. insidmal macrumors 6502


    Jun 24, 2010
    Yeah I don't get the big hoopla.. this statement is 100% accurate..
  14. synagence macrumors 6502a

    Jul 23, 2008
    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
  15. a3silver macrumors member

    Jun 16, 2010
    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.
  16. xenuprime macrumors 6502

    Aug 1, 2008
    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.
  17. treyjustice macrumors 65816


    Jun 14, 2009
  18. oakland6980 macrumors member


    Jun 21, 2010
    -Steve Jobs
  19. MisterDisney macrumors 6502a

    Jun 20, 2010
    Down $5, "no apology.." Up $5, no "you're welcome." Jesus people.. :rolleyes:
  20. alee macrumors 6502

    Jul 13, 2008
    New York, NY
    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.


    Per the graph, 4.0.1/4.1 holds 1 bar down to -121dB vs. -113dB on 4.0.
  21. random person macrumors 6502a

    Feb 28, 2008
    I bought Apple stock right after the very first iPod at $50.

    I have no.complaints.whatsoever.
  22. BeyondtheTech macrumors 68020


    Jun 20, 2007
    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.

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