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Tim Cook Profiled in New Biography as 'The Genius Who Took Apple to the Next Level'
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Thank you for acknowledging that. Actually overpriced is subjective. Yesterday’s technology is subjective. Your entire post is based on subjective hyperbole, of which a snippet was quoted. And yet Apple is still raking in the bucks.
And Tim Cook still got a great nod from this author. The cognitive dissonance displayed in this thread is out of bounds.
Tim Cook is great at increasing profits because he does things like keep the 5400 RPM drive as standard in iMacs. A brand new iMac with 5400 RPM drive has a boot time of 2-3 minutes.
That the new Apple's innovation's pathetic standards...that some here try justify it as the best computers in the market.
Apple.
Yesterday's technology
At tomorrow's prices
This is the guidance for 2019 Q2:
- revenue between $55 billion and $59 billion
- gross margin between 37 percent and 38 percent
- operating expenses between $8.5 billion and $8.6 billion
- other income/(expense) of $300 million
- tax rate of approximately 17 percent
Even sadder is the fact that SSD storage is so dirt cheap these days so there should be no excuse. Intel 1TB NVMe is $105 for qty 1 consumer pricing so it's even less at qty for Apple. Tim Cook is not even subtle about bending customers over anymore.
Which is why I say, let Apple’s numbers speak for themselves.
The people here are certainly well within their rights to crap on Apple and moan about how the products that Apple is selling no longer meets their needs.
However, what I am simply seeing here is a vocal minority who doesn’t necessarily speak for Apple’s customer base in general. Maybe they are the ones who are out of touch with the realities of the market, not Apple.
For example, the recent news suggest that the iPhone XR is selling pretty well, which stands in contrast to the huge amount of criticism it received here when it was first announced. People lambasted it for its comparatively low-res display, the lack of a dual-camera setup, and that it still wasn’t exactly cheap.
Yet the market seems to have voted otherwise. I tried to explain back then how its specs were considered good enough for consumers, that this was a device whose adoption rate would be more gradual because of the demographic it targets, and that the price was reasonable given the option for trade-ins. Yet the haters seem more interested in engaging in a meaningless spec-war, not realising that the average customer shops based on experience, not specs.
There is no doubt that airpods and apple watches are immensely popular, and will only go on to become even more so in the future.
The ipad is not without limitations, but we cannot deny that there are people using them for meaningful work, from writing to photography to art to video editing. For them, the criticisms, while valid, are not enough to detract from the core experience which drew these people to the ipad in the first place.
The array of services announced by Apple will add value to users entrenched in the Apple ecosystem.
Amazon is releasing their own music service for their smart speakers, which mirrors the direction Apple took with their HomePod. This suggests that Apple was right all along, in that smart speakers are indeed just a fad, and that the initial hype surrounding them was indeed just that - hype. The reality is that for all the praise that Alexa and Google Assistant get over Siri, few people are using them in a manner which matters. Most people use smart speakers for playing music and answering quick bits of trivia. Voice assistants haven’t become the new computing paradigm the critics was so eager to make it out to be.
Don’t even get me started on the latest Galaxy Fold fiasco. Bone-crushing innovation indeed. It’s mind-boggling how there are still people defending this thing as if it actually launched successfully. The same people saying nobody wants a $1000 iPhone (even though the $1100 model is the second best selling one) also say that everyone wants a $2000 Samsung phone “because it folds”.
I said it before, and I will say it again. It’s like walking into a French restaurant and then complaining that it doesn’t serve Japanese cuisine. I predict that Apple will go on to become even bigger and even more successful than ever, even as the criticism here grows even louder. Times change, Apple has changed in keeping with the times, and that’s just the way she goes.
So in a nutshell, let each customer vote with their wallets, and we will let Apple’s quarterly sales numbers speak for themselves.
A majority I'd rather say. And pretty much the same people that started the Mac frenzy about 10 years ago in the first place. People that kind of advocated the Mac (like myself) till a couple of years ago and now barely feel comfortable to recommend Macs to others any more.
Exactly. Numbers are not exactly up btw. But agreed, let's wait and see, next couple of months/quarters will tell
Okay, you got me there; maybe not ALL products. But many of them. Enough of them.
Again, that isn’t meaningful data. It’s anecdotal. Apple sold 18M Macs in 2018. There is no public data that represents that. Apple has it.
If this were as widespread as people here believe, you could not stop the backlash. 18M is too big for it to be swept under the rug.
And that is why Mac sales continue dropping, and they blame it on processors availability, iPads and whatever. Even Apple apologized for the problems with the keyboard. Why would Apple apologize if it is not that big of an issue?
Hey but it seems that you know more than Apple and the only thing you try to do is excuse a pathetic design.
They could have sold twice that amount if Apple actually care about creating a good Macbook design.
The Mac is a mature business and was flattish y/y. You think the processor issue is a lie? Intel confirmed it. Last Q, the Mac had growth.
The reason they are not selling is not due to Intel. Is because the Macbook 2016+ is the worse design ever in an Apple product. Apple just want to blame it on Intel.
But Intel did NOT design the worse keyboard ever, removed mag-safe, soldered internal components to make it non-upgradable, etc, etc...
How Mac had growth when sales are going down?
Where is your data? The CEO of Apple and CEO of Intel just agreed there was a processor bottleneck. Mac had 9% growth last Q...you're wrong, objectively.
None of your gripes have any data to support the sales data, period.
OBjectively or pathetically... Where do you get your data...?
THis is from the latest Apple call:
2:23 pm: Mac: revenue was $5.5B, compared to $5.8B YoY. Driven by processor constraints for certain popular models.
And given that they are NOT disclosing any sales by unit numbers, it is fair to assume that given that the unit prices are 30% more expensive, the unit sales are actually lower.
But Apple is hiding because it is NOT convenient since they are all about Marketing rather than innovating.
By last quarter, I mean Q1...which it did have 9% growth.
I addressed Q2 and said it was lower because of a supply bottleneck.
I couldn't care less about unit sales.
Either you work for Apple or you sound like Apple. You just do not care about what is not convenient to you or does not cater Apple's marketing purposes.
And sales were NOT down due to a supply bottleneck. That is what Apple lame excuse is selling you.
They are down, because the entire line up is outdated and overpriced. And especially the Macbook 2016+ is one of the worse products ever design.
And you are going to say but they sold XX last quarter. That does not mean it is a good product. Dell, Fiat and many other companies sell millions of units. That means NOTHING.
I wonder way Watch sales were up... Because it is a great product. I wonder why Mac sales are down...
By the way iPhones were down 30%. I guess users are getting tired of Apple overpricing.
iPhone performance marks the “largest single-quarter decline in the history of the iPhone.”
So much for Tim Cooks Greed
Seems now the price hikes, glued and soldered down computers etc begin to show its impact...
I'm not the only one. As an investor, you have to look to the future. The stock went higher because people with money on the line understand the business of Apple.
Again, Mac had growth last quarter and had supply chain issues with Intel this quarter. 20% iPad growth can't be ignored. The future is mobile. Wearables up 30%. Services up 16%. This train is moving forward.
iPhone sales seemingly are down but services are up. Tim Cook has figured out how to keep Apple minting dollar bills. He does this by giving customers what they want, even if some are unhappy. Sheesh 11b in a quarter, what a crappy quarter given iPhone sales were down.
Pathetic attempt to spread FUD.
iPhone sales seemingly are down but services are up. Tim Cook has figured out how to keep Apple minting dollar bills. He does this by giving customers what they want, even if some are unhappy. Sheesh 11b in a quarter, what a crappy quarter given iPhone sales were down.
I am not spreading FUD. If you are happy because Apple had an 11b quarter good for you.
Services are up. great. Who cares about a new Apple credit card? That is the pathetic innovation Tim Cook has shown.
Or trying to catch up to Netflix and Disney investing billions in shows that no one knows so far what are they are going to charge...
Future are wearables... not really. That is your opinion. Although they will grow tremendously computers will not go away.
It is kind of pathetic, that Apple keeps developing software and services since we will have no where to use them...
The entire computer line up is so behind and ovepriced that is joke.
It is like trying to watch an Imax movie in a crappy old tube TV.
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Once again, when you cannot refute the facts you divert to something else.
Apple did not have supply issues since 2016. Stills Mac sales were down Y/Y. Actually many investors were quite concerned that iPhones sales were down 30%. By the way, biggest decline in iPhone history.
And the entire Computer line up smells murky and overpriced.
Its also a miracle how they manage to not up their computer sales... they got the most loved computer operating system at hands. All they needed to do is develop some reasonable, solid computers and they could double their market share. Easily. In that regard Apple is a total and utter fail. There is not one single computer in their lineup these days I could recommend with good consciousness.
I certainly would not spend money on any Mac right now. And I got a reputation as Apple die-hard, and I guess for a good reason that is
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iPhone sales weren't down 30%. You're quoting a speculative article. They were down 17% based on the facts.
I can't help you if you don't understand markets or how stocks work. They always look forward. Investors have known iPhone sales are slowing for literally years.
iPad was up 20%. That is partially why Mac has slowed, but Mac is historically very stable. More real data...Mac sales have been $22.8B, $25.8b, and $25.5B the last 3 years. VERY stable. No competent investor is worried about Mac.
It's all about services and wearables now. iPhone isn't so scary because the decline is based on a tough compare of much higher ASP iPhones being introduced and a influx of those penetrating the market. That spike has subsided.
With 1.4B+ active devices, the iPhone naysayers are missing that people aren't switching away and Apple doesn't need to grow iPhone units annually to do well. People are spending money on wearables and services while holding on to their iPhones (that they love) a bit longer.
As the active device base continues to grow, services grow, wearables grow, and the buyback executed, you will not stop this monster.
Short at your own peril.
Hate on.
I am happy because I like the Apple products I have bought. I am happy because apple has made 11B in profit for one quarter and the mutual funds I hold have Apple as a stock.
The word pathetic has lost its meaning. But to point it seems Tim Cook cares. And Tim Cook does not care about your opinion.
Who said Apple is “trying to catch up to Netflix”. Do you personally know and understand their business model, internal thinking, internal goals?
Again, says your opinion.
Please don’t include me in your universe. You do not speak for me.
If you bought an Apple TV, maybe this would cease to be an issue.