Originally Posted by Constable Odo
I might be a little narrow-sighted but $705 - $385 pretty much indicates who has control over the smartphone industry and it isn't Apple. I'm absolutely certain shareholders will not put up with another 20% - 30% share price drop without some major investor defections. You can talk about profit margins and net usage and all those other seemingly unimportant numbers but if Apple's company value continues to collapse, none of those numbers will amount to a hill of beans. Apple will be as good as dead.
The news media and computer industry will continue to have a field day over Apple's incompetence. Apple is already the laughingstock of tech companies and pretty much considered to be a company quickly on the wane. Everyone is ripping Apple except consumers, however, as less iPhones are sold, it will be pointed out that consumers are also turning away from Apple. Only Apple knows how well it is really doing and all the news stories may only be fabricated. But the way I see it, if Apple's value continues to decline there doesn't seem to be any point of making excuses for the company. Apple really appears to be a company leisurely swimming upstream and not making any headway. Just merely happy to stay in one spot.
The problem here is that you stubbornly refuse to realise that "The Market" and what it thinks of Apple, along with the share price, is probably one of the worst metrics of Apple's success or lack of.
"The Market" is a rigged crap shoot based on emotion. Factually, Apple is doing great on every front.
Some inarguable actual facts about Apple:
- best design of hardware
- best design of software
- best managed company in tech sector
- chief innovator in the tech sector overall
- most profits overall
- most "locked in" consumers
- best roadmap for the future
- complete control of their supply chain
- "market leader" in every sense that matters.
- most popular products in their category
- highest customer satisfaction for all products in their category
- one of the most stable companies in history
Soon we will be able to also add that they have complete control of all the key technologies in their products.
Compared to those facts, whether or not a bunch of immoral, dimwitted, sociopathic stockbrokers think Apple is worth anything is completely irrelevant.
The market is random at best, corruption is rampant within it, and the people you are relying on for "facts" have a different agenda than you think.