Originally Posted by jdnc123
SJ is dead. How about we all move on and talk about Tim Cook who is running the company now. Should Tim Cook not care about the stock price and do everything SJ did. That must be a fun existence in life to not be your own man (by the way Steve told him to do exactly that and not care what he would have done).
CRUS announced they took a writeoff of inventory because of 'reduced demand for a high volume product.' Given everyone knows that is Apple, not a good thing when they have to write off $20mm+ of inventory that they can't sell because the end product isn't selling.
The market doesn't need Tim Cook to tell us sales are weak, others already have if you are listening.
The stock price of many tech companies is totally out of line with what smart long-term value investors would value them at. The price of Apple, Google and others were driven up by speculative investors chasing any kind of gains during the economic recession. Adjustments were inevitable. Speculative investors will always chase the hot stocks in the news, and I am sure many of those hedge funds made some nice profits on Apple, but now they are chasing the next big thing because Apple's growth has slowed, but that hardly means that Apple is in trouble, or losing, or going out of business. And speculative investors chasing quick returns are not always right - witness the Facebook IPO/stock debacle.
And Apple is not losing customers. The markets they pioneered with the iPhone and iPad now have a lot of copy cat competitors. A lot more phones and tablets are being sold, so while Apple's unit sales are steady or growing, their market share may be smaller, but their profits are still excellent.
Apple's P/E is around 9 and they have over $100B in cash. Google's P/E is around 24. I know which one I would invest in. I doubt you would understand because you just repeat nonsense reported on media websites that make their profits from selling ads. They appreciate all your web hits.