7. CEO Tim Cook thinks his gayness will trump all and innoculate him from all negative business factors.
Yeah, like Apple is SO going broke.
Well, OK then.
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Don’t have their products, but it is interesting watching them as a social phenomenon.
I’ll respond to the last item - Perception.
I do think this latest round of IPhones (and Samsung phones) have reached a level of quality, and more importantly Durability, that I would guess people will start holding onto their phones longer. So I could see a slowdown of sales in the US, just because phones are higher quality.
A lot of ‘Not My Fault’ lame excuses. Sounds exactly like what Obama says about his screw ups.
Fact is an outsized PE ratio is not warranted because although a very rich company in cash, their future is nothing but one time gadgets and gizmos. Their service offerings are pretty lame and offer little to anyone not already in the Ecosystem.
"Any one of the above suggests the stock market is inefficient as hell," Merckel concludes. "That all of the above apply produces a truly asinine Apple stock price."Let me see, what is the rule? Ah, yes - "buy low."
Apple (again) has too many products that are too similar to each other.
The glorious pro/consumer desktop/laptop matrix is in the trash. I’ve had Macs since 1987, and my upgrade/replacement path was totally clear - until last year.
I think that Tim Cook damaged Apple’s reputation with his March 29, 2015 announcement that Apple was opposing the Indiana religious liberty law. It may be a coincidence, but Apple stock topped out on April 28, 2015, and has been declining ever since then. Since Tim Cook wrote that he was expressing the opinion of Apple Inc., and not his own personal opinion as a private citizen, I, and perhaps other people, decided that it is appropriate to boycott Apple products. When my wife and I purchased cell phones later in 2015 we did not consider buying iphones.
Thanks SM, good article.
No way if people have to lease or pay between $700 and $950 for the newest phone are they going to do that yearly anymore unless they get paid a lot.
There is no way Apple can get the same sales they used to have without subsidies IMO.
That will leave a mark on their profits.