taniwha wrote: »
Well obviously Apple does keep incompetent people around in QA ... otherwise this would never have happened. It is hard to believe that QA had noticed this bug, which bricked flagship devices during the high-profile launch week. My experience with this kind of issue in other companies makes me confident that if QA had the issue on the list of "show stoppers" then Marketing and Sales would NOT have been able to override them.
SO whatever way you look at it, the controls failed .. and if we can't have confidence in QA and security controls being effective then Apple Pay is in trouble before it gets off the ground. In my opinion.
dewme wrote: »
This is a symptom of a much larger phenomenon.
Apple has become a celebrity. A "company as celebrity," who would think such as thing could happen!? But it has!
So now Apple has a hoard of paparazzi constantly hounding them, digging through their trash, chasing them in public, bugging their children's lunch boxes, digging for dirt, digging for inside information, stimulating throngs of fans, and infuriating mobs of haters.
How and why did this happen? The obvious incubation point was having a strong, charismatic, and sometimes polarizing leader in Steve Jobs. Steve was not only a genius at getting everyone's attention but he was able to back up enough of his claims and hype with amazing, and as he would often say, "magical" products. If Apple had never been able to deliver on Steve's vision he would have been seen as just another buffoon, like so many of these others we see orbiting the immense gravitational attraction that is Apple today. To top it off Steve was able to establish a roadmap and vision to the future by building a company around amazing people like Tim Cook and Jony Ive who can not only maintain the gravitation attraction of Apple but reshape it in their own new collective image. That's what Steve wanted, a new Apple defined by its current cast of caretakers and not him. I'd say they've done a pretty amazing job in total, but as with any human endeavor there are always bumps in the road and lessons to be learned.
Love 'em or hate 'em you simply cannot escape the force of Apple's gravity. All those fan sites for competing products, Apple haters clubs, sleazeball business paparazzi like Bloomberg, the bend-it band-of-brothers, and all the frustrated wannabes who take delight in the misery of others are just as caught up in <span style="line-height:1.4em;">fawning over their favorite </span>
celebrity company. And just like the paparazzi who chase celebrities engaged in other endeavors they eventually go way too far and achieve unhealthy levels of loving and/or loathing.
It's all fun and games until someone gets hurt. This article more than proves that point.
The stock price is going back up so someone made a pot of money on this "tempest in a teapot". Wonder who started the original rumour.
It only matters if you sell. On the other hand, Apple may have acquired more of their own stock during this sell-off panic.
pazuzu wrote: »
Apple's value lost $23 BILLION because of this. Maybe a little Bendgate too.
This is a prime example of innumeracy - the mathematical equivalent of illiteracy. One aspect of innumeracy is the inability to comprehend meaningful numerical relationships. What does a decline of $23 billion in AAPL market capitalization signify? Not much for a company like Apple, that the market currently values at more than $600 billion (make that 3.5 of a TRILLION dollars!). As it happens, APPL shares closed on Friday at $100.75, up $2.87 from the previous day's close, or an increase in market value of more than $17 billion.
Putting that in perspective, the gain in Apple's market value on Friday alone - $17 billion in a single day - isn't far short of the gross national product of Honduras.
If pazuzu really wants to get excited about something, he might be worried that one of his testicles actually hangs lower than the other. Better call the doctor right away! " src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />
rogifan wrote: »
Source? You have no way of knowing if the stocked up on Thursday was related to this issue (or bendgate), The stock was up almost 3% on Friday. Clearly this is just noise that Wall Street doesn't give a shit about.
solipsismx wrote: »
My theory on Pazuzuvian Rules of Economics:
If Apple stock goes up ignore it.
If Apple stock goes down lock onto the first negative thing you can think of and declare that is the reason for its sudden demise.
Pretend any long term gains will be short-lived.
Pretend any short term drops are harbingers of its impending demise.