It’s also the case where technological development in cell phones is becoming harder to push the limits.
They will start selling you like Microsoft does.
“the strength of its iPhone business, which is projected to drop this year.
...the company said the installed base grew by 25%”
So... Sales are increasing, by a lot, but that’s a drop predicting collapse?
This was forseen years ago (by me, at least!). THey created a service business built around making their hardware transparent to users who just wanted to do things without having to know the “how”. So the future of Apple always depended on being able to come up with new hardware that fit that model, and I’ve often said that without Jobs, the answer is very much in doubt.
Wow, only in america could a company that beats the streets expectations, has enough cash on hand that it could operate for well over a decade without taking in another thin dime of revenue, and still pay all its employees and bills and benefits would you see all this hand wringing.
Contraction cycle has hit, so less free money for tech for a while, yet somehow this is some end of the world for Apple? Be serious folks.
Jim Cramer fans saw this play out twelve minutes later at 6:35pm on “Mad Money”
Tim Cook,has run out of ideas started in the Jobs era. He certainly has shown no ability to negotiate with the media companies like Jobs.
Who is this idiot?