A lot of people said they have on other threads, which is interesting. May I ask why you returned and how long it took you to make that decision?
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Tim Cook: Apple Watch Sales 'Exceeded Expectations'
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A lot of people said they have on other threads, which is interesting. May I ask why you returned and how long it took you to make that decision?
The "record profits" are 1) the headline for Apple's own press release and 2) attributable to legacy products which did not meet shipment and revenue estimates. Fill in the blanks and it would appear China sales are not what everyone hoped they would be. Gotta dive deeper than the headlines for the story why investors are willing to dump the stock after hours with those record profits. (See, as example, http://www.bloomberg.com/news/artic...one-shipments-revenue-forecast-miss-estimates).
Also response to the original poster is off point. The poster was commenting that Cook wasn't confident enough about the AW to put it in its own product category like iPhone, Mac, iPad, and also holding back sales #s even while telling everyone sale exceeded expectations even as Apple never told anyone what those expectations were before launch (in other words, move along investors, nothing to see here...."
So, yeah, Cook looks weak, not like A Boss owning his sales numbers. All he did today was spout obvious empty slogans and phrases -- fine for an Apple Event, but investors like me are looking for facts to figure out Apple's growth potential with the AW the only big new category. Apple will remain profitable for a very long time b/c the iPhone is a cash cow. But is Apple's huge growth days over? Cook didn't plead a great case today.
Xiaomi would love to know, I'm sure they will come out with exactly the same watch and colour bands..
But 1% of an established and growing market that's already selling hundreds of millions of devices isn't really low expectations... especially when they knew it would be tied to a single carrier in the U.S. And given the relatively high price point, I'd say that was realistic to fairly ambitious.
Of course of course.. I had no doubt they would say this to further publicise the watch..It's another marketing ploy to get people into thinking it's worth it.
Shares plummeted?They dropped by 1% in after hours trading and are still higher than they were a week ago. The exaggeration and hyperbole in these threads knows no bounds.
Not sure where you learned how to look up after hours quotes but you might want to get your money back. Right now AAPL is down almost 7%.
I've been to the local Apple Store a lot over the last few months. I've been replacing much of my Apple ecosystem because I enjoy doing so.
The one glaringly obvious "dead spot" in an otherwise very busy Apple Store is the Watch Display. I've not seen a single person browsing or buying Apple Watch. It's so dead it's haunting.
I'm not suggesting the Watch is a bad product, I find it interesting and amusing, obviously it's selling somewhere.
The one glaringly obvious "dead spot" in an otherwise very busy Apple Store is the Watch Display. I've not seen a single person browsing or buying Apple Watch. It's so dead it's haunting.
I'm not suggesting the Watch is a bad product, I find it interesting and amusing, obviously it's selling somewhere.
The iPhone is driving all of Apple's growth. The AW isn't going to move the needle for a while, if ever. iPhone and related services like Apple Pay and Apple Music are what Apple is all about today. So it makes sense to launch an iPhone accessory in the absence of something better.
Yes, Apple's huge growth days are over. For now. But that has more to do with the state of technology in general than Apple specifically. We're in a plateau. Technologies are being advanced and refined, but it'll be a decade or more before the next paradigm shift (in the way text to GUI or mouse to multi-touch was a paradigm shift). We'll get years of incremental improvements and added features sold as mind-blowing innovations before the next leap. And there's no guarantee Apple will be part of the next leap.
Apple is extremely vulnerable these days. It wasn't long ago that Blackberry was synonymous with smartphone. Today it's iPhone. And tomorrow?
Problem with the AW in-store is that it has to be synced to an iPhone to work as designed. So now all potential buyers can do is play with a demo that really doesn't help to understand the watch or its interconnectivity with the watch. Maybe when Watch 2.0 comes out and apps can be directly loaded onto the watch the presentation will improve. I think what helped sell the iPad in its early days was the fact you could actually play with it in-store as it was intended to work. That's not true of the AW right now.
"Wearables" don't solve ANYTHING, and are simply a solution looking for a problem. It's a forced category, just like the imagined "virtues" of 3D TV were forced, and then finally the industry had the backbone to admit the truth - NO ONE NEEDS ONE, and the same applies for Apple watch. Tim Cook is hoping he can re-create the hype around the iPhone, for the Apple watch... but guess what - the iPhone, and other smart phones, are successful BECAUSE they radically simplify and massively expand on myriad frustrating, clunky aspects of how pre-smartphone phones used to do things. The "smart" watch isn't that smart of an idea, because it's a category which solves NOTHING, and is needed by no one at all.
Sales figures speak - listen to them.
Sales figures speak - listen to them.
Honestly, that graphic is bothering me. I feel like the watch faces should appear in front of the buckle of the watch to its left rather than behind it. As it is, it visually suggests that the watches are arranged one in front of the other rather than side by side. Since they are all the same size, the visual angle (closer objects appear larger, see this video
) suggests that they are equidistant and thus must be arranged side by side.
Edit: I'm going to leave the ridiculous formatting in because an admin should really look into it. It was caused by the forum automatically converting a hyperlink into embedded video to disastrous results.
Edit: I'm going to leave the ridiculous formatting in because an admin should really look into it. It was caused by the forum automatically converting a hyperlink into embedded video to disastrous results.
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Considering he, as CEO of the company, has a legal obligation to increase shareholder value, would anyone have expected any other narrative?
This quote is as much "news" as reporting that water is wet.
This quote is as much "news" as reporting that water is wet.
I live in NYC. Don't see them anywhere-subway, I'm the only one wearing them at the gym. Someone in fact made fun of me for it on Saturday for being too small to use. It is a great product for me. But I doubt it is ready for prime time. Apple Watch 2 OS should see it go towards mainstream.
CEOs do not have a "legal obligation" to increase shareholder value. Write that on a law school exam and you fail it. Claim it in court and get laughed at, among other things. (I don't want to bore people here anymore than I might so read this for insight.
But to your question, seeing as how shareholder are dumping Apple hours after the conference call, yes, I think lots of us wanted a more substantive narrative. Clearly Cook did not increase shareholder value with that song and dance because shares are down. (If he had a "legal obligation" to increase shareholder value he could be sued for being so coy about AW sales #s for no good reason).
With China slumping, it is obvious that there is no growth story anywhere in the world, including China. And thats' true for every industry. So do not expect miracles, they don't exist.
What will see is a growth revived in North America and Japan, rather than China. That growth will come from back to school campaign which this year, I guess, might include AppleWatch; and from Christmas sales as usually. Brazil is also a guess. I would welcome something new like new AppleTV and a possible new Mac (middletower) to come. The growth in products will come from Apple CarPlay, home products and health products. iPads will be revived only by Pro and introduction of Apple stylus for artists. So, normal year with normal growth. Good when everyone else in PC industry is having problems.
Wow. You personally resent Cooks attitude. You must be way invested in Apple performance.
As to his WatchOS2 comment...he could be saying that it's a great product that's going to keep improving. However we know how you like to soon things....
As to his WatchOS2 comment...he could be saying that it's a great product that's going to keep improving. However we know how you like to soon things....
OS 2? wow I didn't know IBM and apple were partnering on this product, and perhaps this has been in the works for over 20 yrs!
A substantive narrative on what? Analysts increased iPhone and Q4 estimates right before earnings and Apple didn't meet those increase estimates. That's why the stock is down after hours. All this noise around the Watch is just that, noise.
Bottom line is YOY revenues were up 33%, earnings up 39%, EPS up 45%, iPhone sales up 35% and yet AAPL down 7% after hours. Any other company with those YOY growth figures would not be down 7% after hours.
Many watch owners are also waiting for the dust to settle ....on their apple watches that are currently sitting in the junk drawer! lol
agree with the style comment. I hate the look of the apple watch.
Knowing some people who like their apple watch has actually made me look at some other watches that can receive smartphone notifications like the garmin fenix or one of the suunto watches.
Knowing some people who like their apple watch has actually made me look at some other watches that can receive smartphone notifications like the garmin fenix or one of the suunto watches.