Tim Cook Calls Jim Cramer on 'Mad Money', Talks About Health, ResearchKit and More

[numlock]

I couldn't watch more than 60 seconds.

It's like watching DVD extras where people talk about how everyone is the 'greatest'. Oh Americans and your superlatives.

its a shame not everyone is as modest and afraid of using superlatives as jony ive.

Oh you Brits and your cynicism. (See how that works?)

I don't watch Cramer because he's a clown. If I felt like I needed investing advice from an entertainer, I think I'd stay far away from the markets as possible.

why him though? is there nobody more credible or popular for cook to converse with?

 

[penter]

man, Jim Cramer's aging quickly!

 

[MartiNZ]

As he often does, Cook spoke about Steve Jobs, reiterating that Jobs' DNA is "deep in the company" even though many of the products that Apple is shipping now were created entirely on Tim's watch.

Really no one has touched that in four pages? I think the important message here is that this Apple Watch is much more powerful than we thought .

 

[senseless]

I don't think this feature will engage the younger generation that thinks watches are old fashioned.

 

[C DM]

I don't think this feature will engage the younger generation that thinks watches are old fashioned.

Watches that did what typical watches have been doing for ages might be seen as old fashioned, but watches that would be doing what Apple Watch or many other smart watches are doing are different. In a sense it's analogous to feature/basic phones and smart phones.

 

[Mactendo]

I agree.
While I'm skeptical of the current Apple watch and it's hailed success, I do believe that there's a future in personal health monitors and the ResearchKit that Tim introduced this week.

A future Apple medical tricorder in form of a Smartphone or Watch is quite feasible:
http://en.wikipedia.org/wiki/Medical_tricorder

It can definitely be the next killer app. Question is, will Apple or someone else be the first to crack the magic formula.

Great link, thank you.

 

[Police Wolf]

His shocked face is priceless, probably about the same face I'd make is Tim called my show lol

 

[Makosuke]

Since you clearly follow him so closely having seen him change his recommendation so frequently in the last four or five years, you can surely point to one of these instances in the transcripts or summaries of the show.

May 23, 2012:
http://realmoney.thestreet.com/articles/05/23/2012/apples-rally-makes-sense

What the heck is Apple (AAPL) doing up? How about because it's winning pretty much every war out there? [...] ...no matter how many times we say it, the stock's not expensive. It's so dramatically cheaper than Facebook it drives me nuts to think of the two together... [...] So, Apple's rally makes sense. Who knows how high it can go if the Germans blink. And how low can it go? The technicians would say not very, and I would say, at 10x earnings, not very much, either.

[AAPL peaked about 25% higher that it was at that point roughly 4 months later, but was 30% lower than at that point in less than a year, after the subsequent crash. At which point Cramer started saying bad things...]

September 28, 2012:
http://realmoney.thestreet.com/articles/09/28/2012/tale-two-smartphones

Two phones I don't want. Two phones that had better sell well or else their stocks won't be able to rally. That's how I feel today about both the Apple (AAPL) iPhone 5 and BlackBerry 10 from Research In Motion (RIMM). [...]Still, I think that the stock remains investible, but there is no hurry to buy because it lacks catalysts other than this negative one, which could clearly turn off buyers on the fence.

[While he was correct, if weak, in his prediction of not being good to hurry, in that this was just as AAPL fell off a cliff in value and dropped by around 35% 4 months, the iPhone 5 sold well, and was not exactly comparable to the BlackBerry 10, and the selloff, notably, wasn't in response to any particularly bad numbers from Apple.]

November 8, 2012 (emphasis mine):
http://realmoney.thestreet.com/articles/11/08/2012/grave-apple-worries-2013

I have enough respect for Apple the institution that it's not an easy call. But my trip to Bucknell University two weeks ago, where I interviewed Steve Jobs' biographer Walter Isaacson, caused me to gravely worry about 2013 for the company. [...] That means 2013 may not have enough new product introductions of any consequence, as opposed to product tweaks, to propel the stock higher. However, next year will certainly have enough in it to make the stock go lower, thanks to the fiscal cliff's revision in capital-gains taxes. If your taxes double on your gain in Apple, it can be much better to sell now than sell later. I recently sold a lot of the stock for my charitable trust after listening to Isaacson.

[AAPL did drop about 12% over the next few months after he made this comment. It was up 25% by the end of 2013.]

January 24, 2013:
http://realmoney.thestreet.com/articles/01/24/2013/corrosive-attitude-apple-top-brass
"A Corrosive Attitude From Apple Top Brass"
[The article is semi-sympathetic to the plight of egotistical executives--mostly Cook--at a popular company that "may have product lines that are in decline, like the iPod, or product lines that seem strong but can't carry the load, like the iPad," but it is not at all kind to management's attitudes and presentations, and its effect on the stock.]

April, 2013:
http://www.cnbc.com/id/100609331

On "Squawk on the Street," Cramer said he sees potential for Apple's next product to go down in history as an epic disappointment, on par with Apple's failed "Lisa" computer in the 1980s.

"Whatever product that is coming out in September is a clear loser. We haven't seen it yet, but it is a loser," Cramer said.

[The products released in September were the iPhones 5c and 5s, which Apple sold 9 million of in the first week; while the 5c didn't do particularly well, the 5s was extremely successful by almost any metric.]

January 28, 2015:
http://realmoney.thestreet.com/articles/01/28/2015/cramer-why-you-shouldnt-question-apple-here

For years now people have been asking those kinds of questions about Apple and what have they accomplished? They have kept you out of one of the greatest runs of all time.

There is a reason why I say "own it, don't trade it,"... [...] I think you approach it like this. If Apple has a new product and this management says people will like the product and it will be a success, you give them the benefit of the doubt.

If this management says there is tremendous pent-up demand for a good phone still and that there's a step function up in the device, you believe them.

If this management says that people will want the watch, believe them.

[Probably good advice--we don't know yet. But we do know that he said himself that his fund sold a bunch of AAPL two and a half years earlier, and presumably bought a lot in between. Sold, in fact, because a biographer said bad things about the pipeline of products and iterative improvements. It was a good call at the time on his part, but the reasoning he stated publicly, in his own words, was flawed.]

Whether Cramer is right or wrong about the price of AAPL--it varies--he has switched between saying very positive and somewhat-to-very negative things often based on the current market perception of the company and/or its stock price. He sometimes couches his harsh words with the implication that it's what the market is saying, but maybe the fundamentals are actually good--superficially giving advice on what he thinks the stock price will do regardless of fundamentals or long-term success--but that isn't always the case, and interpreting how much is him telling you what analysts and big investors are saying with veiled hints that maybe they're wrong is weak.

And of course with the exception of the one time he openly said he sold AAPL, none of these public comments necessarily relate to what he's doing himself. He does, after all, have a reputation for being good at using a public forum to manipulate stock prices for profit, or doing the opposite in private of what he was telling others to do.

 

[neversink]

Right from an "Apple Engineer's" mouth..... Sit back and enjoy....

https://youtu.be/KHZ8ek-6ccc

 

[Redbeard25]

many of the products that Apple is shipping now were created entirely on Tim's watch, conceptualized after Jobs had passed away.

Dadgum! That WATCH is a lot more powerful than I thought? Do you think he conceptualized them with that app where you send your heartbeat?

 

[jdoll021]

The Apple Watch, HealthKit, ResearchKit, etc just enable the problem when it comes to healthcare. We don't have a healthcare system in this country. We have a sickness for profit system. Want better health? Start by changing your diet. Cut out sugar, processed carbohydrates, wheat, GMOs, antibiotic-saturated meats, hormone laden dairy, etc. Our food system is the problem when it comes to healthcare. And none of this new technology is going to fix that. By 2020, half of the entire American population will be diabetic or pre-diabetic. And around 1 in 3 people now get cancer.

People would rather wear a device that monitors their vitals, tells them when to take their drugs, etc. than change bad habits. People are curing cancer every day with decarboxylated high THC marijuana oil. But instead we need more studies and more (patentable) drugs from the for-profit pharmaceutical industry to sustain and grow their 100 billion dollar a year cancer industry (where most customers die eventually, after as much money as possible is extracted). There's a small group of people who will definitely benefit from health monitoring devices. But the majority of people don't need to be constantly monitored. They need to change their habits and patterns. Or risk becoming a revenue stream for the pharmaceutical industry.

Thank you for this. I logged in just to up vote you because what you said really needed to be said and anything I can do to get you more visibility, I will do it.

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Really?

Do some US peeps really follow this kind of garbage hype-a-thon for stock investment advise? Forget day trading, this is like second trading. Just wondering, as seems a little bizarre from a non-US perspective. Mind you some of the shiz on the money channels these days so nothing surprises me, lol!

Oh, market, finance, and stocks are followed like a religion in this country. Thousands of years from now when archaeologists and anthropologists study our society, they'll think that we were polytheistic and worshiped a trinity of gods called "Market," "Finance," and "Stock." I doubt most of the people who follow them have a fraking clue what's really going on.

 

[MartiNZ]

Dadgum! That WATCH is a lot more powerful than I thought? Do you think he conceptualized them with that app where you send your heartbeat?

Well that was at least how he knew when he was onto a winner product ... heartrate increase .