I'm sorry to see him go. Doomy and gloomy analysts like him have helped many investors make money over the long term by buying APPL at artificially deflated prices.
That was quite possibly his role at Berenberg. There is a LOT of money invested through them.
And yet this dumb fuc's price target is closer than 90% of Wall street analyst.
His target was $85 so he's about $22 short of his target price. The average Wall Street target is $145 which is $38 short of the target. So actually this guy is more accurate about Apple then most of Wall Street.
If people listened to him for most of 2015 they would have been better off. From mid January you would have been better off listening to Ahmad and selling your stock. I wish I did.
Bottom line is Tim Cook is the worst CEO on Wall Street. Other CEO's are given way worse situations and way worse revenue growth. Yet they figure out how to stabilize and grow the stock price. Apple grows revenue by 35% and profits by 40% and the stock is tanking like a piece of shit. Tim Cook can't even figure out how to stabilize the stock with $250 billion in the bank. What a worthless CEO he has proven to be. I hope the BOD finally fire his ass so he can spend time supporting gay rights and equality. We need a CEO at Apple who puts his priority on the COMPANY. Cook has time to spew about gay rights yet has not 5 minutes to refute supply chain rumors that has cost Apple shareholders and employees over $160 billion in value?
All it would take was Cook to refute supply chain rumors a few weeks ago and the stock would be at $125-$130. But he does not give a shit about shareholders. He gives shareholders a big middle finger time and time again. And you wonder why shareholders are scared to hold the stock? Cause the gate keeper of the company is a crappy leader.
Go ahead and piss on Ahmad. But I won't be surprised if next year the stock plummets to $95 and his price target of $85 will be the most accurate in the entire Wall Street. Ahmad is wise. He knows Tim Cook has no idea how to control the message on Wall Street. I wished I listened to him and dumped all my shares in Jan, Feb, Jun, or Sept this year. Can't wait to dump my shares once this hits $110. I won't buy Apple shares again until Tim Cook is fired.
I mean seriously. How the hell can you mess up the stock with 45% EPS growth? You do that by wasting your time on gay rights and not defending the stock from a barrage of lies.
Price targets are usually for a year out from when they are set. Saying his target is closer now sort of misses the point.
And yet this dumb fuc's price target is closer than 90% of Wall street analyst.
His target was $85 so he's about $22 short of his target price. The average Wall Street target is $145 which is $38 short of the target. So actually this guy is more accurate about Apple then most of Wall Street.
If people listened to him for most of 2015 they would have been better off. From mid January you would have been better off listening to Ahmad and selling your stock. I wish I did.
Bottom line is Tim Cook is the worst CEO on Wall Street. Other CEO's are given way worse situations and way worse revenue growth. Yet they figure out how to stabilize and grow the stock price. Apple grows revenue by 35% and profits by 40% and the stock is tanking like a piece of shit. Tim Cook can't even figure out how to stabilize the stock with $250 billion in the bank. What a worthless CEO he has proven to be. I hope the BOD finally fire his ass so he can spend time supporting gay rights and equality. We need a CEO at Apple who puts his priority on the COMPANY. Cook has time to spew about gay rights yet has not 5 minutes to refute supply chain rumors that has cost Apple shareholders and employees over $160 billion in value?
All it would take was Cook to refute supply chain rumors a few weeks ago and the stock would be at $125-$130. But he does not give a shit about shareholders. He gives shareholders a big middle finger time and time again. And you wonder why shareholders are scared to hold the stock? Cause the gate keeper of the company is a crappy leader.
Go ahead and piss on Ahmad. But I won't be surprised if next year the stock plummets to $95 and his price target of $85 will be the most accurate in the entire Wall Street. Ahmad is wise. He knows Tim Cook has no idea how to control the message on Wall Street. I wished I listened to him and dumped all my shares in Jan, Feb, Jun, or Sept this year. Can't wait to dump my shares once this hits $110. I won't buy Apple shares again until Tim Cook is fired.
I mean seriously. How the hell can you mess up the stock with 45% EPS growth? You do that by wasting your time on gay rights and not defending the stock from a barrage of lies.
Price targets are usually for a year out from when they are set. Saying his target is closer now sort of misses the point.
Yes, his price targets were years away. By that measure, every one who has gone negative about Apple in the last 5 years were "right" this year even if they'd make everyone lose money for the past 4.5 years.
I think sog35 is mostly upset about gay rights, not the price of AAPL shares.
There's one sure fire way to profit from AAPL. Buy the shares and hold them a long time. Short term investors can impact the short term value, but not the long term. If you want to hold AAPL less than a year, that's your risk.
As as for Time Cook's qualifications to be Apple's CEO I would only make two points. First, he's who a Jobs chose - both while alive and in death. Second, give another name who is better suited to run Apple.
And yet this dumb fuc's price target is closer than 90% of Wall street analyst.
His target was $85 so he's about $22 short of his target price. The average Wall Street target is $145 which is $38 short of the target. So actually this guy is more accurate about Apple then most of Wall Street.
If people listened to him for most of 2015 they would have been better off. From mid January you would have been better off listening to Ahmad and selling your stock. I wish I did.
Bottom line is Tim Cook is the worst CEO on Wall Street. Other CEO's are given way worse situations and way worse revenue growth. Yet they figure out how to stabilize and grow the stock price. Apple grows revenue by 35% and profits by 40% and the stock is tanking like a piece of shit. Tim Cook can't even figure out how to stabilize the stock with $250 billion in the bank. What a worthless CEO he has proven to be. I hope the BOD finally fire his ass so he can spend time supporting gay rights and equality. We need a CEO at Apple who puts his priority on the COMPANY. Cook has time to spew about gay rights yet has not 5 minutes to refute supply chain rumors that has cost Apple shareholders and employees over $160 billion in value?
All it would take was Cook to refute supply chain rumors a few weeks ago and the stock would be at $125-$130. But he does not give a shit about shareholders. He gives shareholders a big middle finger time and time again. And you wonder why shareholders are scared to hold the stock? Cause the gate keeper of the company is a crappy leader.
Go ahead and piss on Ahmad. But I won't be surprised if next year the stock plummets to $95 and his price target of $85 will be the most accurate in the entire Wall Street. Ahmad is wise. He knows Tim Cook has no idea how to control the message on Wall Street. I wished I listened to him and dumped all my shares in Jan, Feb, Jun, or Sept this year. Can't wait to dump my shares once this hits $110. I won't buy Apple shares again until Tim Cook is fired.
I mean seriously. How the hell can you mess up the stock with 45% EPS growth? You do that by wasting your time on gay rights and not defending the stock from a barrage of lies.
I'm sorry to see him go. Doomy and gloomy analysts like him have helped many investors make money over the long term by buying APPL at artificially deflated prices.
Not to mention the fact that The Macalope would run out of material to pick on if these guys are fired...
While I thoroughly disagree with @sog35 about Tim Cook's ability to run Apple (he's superb), I do agree with his assessment of Apple's IR/PR capabilities (he's dismal). I think it has nothing whatsoever to do with the social issues about which he's passionate, but I also wish -- and I've said this for many years on this forum -- that Apple would get equally passionate and in front of rumors that impact the stock price significantly.
I also strongly believe that it has been utterly silly, even obdurate, of Apple to not reveal AppleWatch sales. It signals a lack of confidence at worst, or uncertainty at best.
Look at the positive impact that his call to Jim Cramer (re China growth) had in late August, when AAPL briefly fell into the mid-$90s: he not only put a floor on his stock, but also on the market in general, IMHO.
The guy should have been fired a long time ago. It's one thing to predict doom, but to continue to do so for several years - when reality doesn't bear you out - is simply irresponsible. Think of how much the investors at Berenberg who listened to this guy have lost in terms of opportunity! If they listened to him when he first warned of Apple's impending doom, they would have missed an almost doubling of the stock as well as dividends.
Berenberg is not responsible for investors who lose money because they made their decisions on the basis of the a report from a Berenberg analyst. The only way Berenberg can be held remotely responsible is if there was evidence of bias or intent to deceive investors. There was none of that. The analyst simply arrived at a conclusion on the basis of the data he had, which I will assume was clearly outlined in the report until I see evidence to the contrary. Investors shouldn't blindly follow an analyst report.
Not legally responsible - but responsible nonetheless. If he advised clients to dump Apple at a loss - that makes him partially responsible for their loss. The investor themselves is also partially responsible for choosing to take the advice. Same holds true on a larger scale of any fund managers based their Apple buy/sell decisions on his advice - he is definitely partially responsible for people losing money. The distinction being that being responsible for something and being "legally responsible" for something are not the same thing.
And yet this dumb fuc's price target is closer than 90% of Wall street analyst.
His target was $85 so he's about $22 short of his target price. The average Wall Street target is $145 which is $38 short of the target. So actually this guy is more accurate about Apple then most of Wall Street.
If people listened to him for most of 2015 they would have been better off. From mid January you would have been better off listening to Ahmad and selling your stock. I wish I did.
Bottom line is Tim Cook is the worst CEO on Wall Street. Other CEO's are given way worse situations and way worse revenue growth. Yet they figure out how to stabilize and grow the stock price. Apple grows revenue by 35% and profits by 40% and the stock is tanking like a piece of shit. Tim Cook can't even figure out how to stabilize the stock with $250 billion in the bank. What a worthless CEO he has proven to be. I hope the BOD finally fire his ass so he can spend time supporting gay rights and equality. We need a CEO at Apple who puts his priority on the COMPANY. Cook has time to spew about gay rights yet has not 5 minutes to refute supply chain rumors that has cost Apple shareholders and employees over $160 billion in value?
All it would take was Cook to refute supply chain rumors a few weeks ago and the stock would be at $125-$130. But he does not give a shit about shareholders. He gives shareholders a big middle finger time and time again. And you wonder why shareholders are scared to hold the stock? Cause the gate keeper of the company is a crappy leader.
Go ahead and piss on Ahmad. But I won't be surprised if next year the stock plummets to $95 and his price target of $85 will be the most accurate in the entire Wall Street. Ahmad is wise. He knows Tim Cook has no idea how to control the message on Wall Street. I wished I listened to him and dumped all my shares in Jan, Feb, Jun, or Sept this year. Can't wait to dump my shares once this hits $110. I won't buy Apple shares again until Tim Cook is fired.
I mean seriously. How the hell can you mess up the stock with 45% EPS growth? You do that by wasting your time on gay rights and not defending the stock from a barrage of lies.
You can't wait to sell? Damn! It's day-traders and short term investors like you that are responsible for Apple stock price being where it's at! You shouldn't have even invested in AAPL if you weren't prepared to hold it for the long-term!
i wish Tim Cook had taken the company private so people like you would be forced to hold it a reasonable length of time instead of rushing to sell at the first little negative blip. If you had a 5-year horizon on your investment, why do you care how much it drops in any given 6-month window?
Doesn't seem like you have much of a stomach for equities - perhaps you'd do better playing with some mutual funds or GIC's....
Well, this IS a day: an analyst was fired for being bad at their job. I don't give a whit about his anti-Apple bias: he wasn't fired for it, he was fired because he was generally bad at his job, with his view on Apple being an example.
Let's hope this sparks a trend. I can think of quite a few bad analysts who should be fired, again not just for their bad track record on Apple; for their bad track record generally.
The reasons for the terminations haven't been made public.
But I seriously doubt that he was fired for being bad at his job. Being right - or even close - doesn't seem to be a job requirement for analysts. I'll bet he was caught manipulating stocks for his own personal gain - or for the gain of family and friends and was fired for that reason. I sure hope his personal trading activity - and the trading activity of his family and close friends - is being scrutinized to see how much he profited from shorting the companies he was about to downgrade etc...
While I thoroughly disagree with @sog35 about Tim Cook's ability to run Apple (he's superb), I do agree with his assessment of Apple's IR/PR capabilities (he's dismal). I think it has nothing whatsoever to do with the social issues about which he's passionate, but I also wish -- and I've said this for many years on this forum -- that Apple would get equally passionate and in front of rumors that impact the stock price significantly.
I also strongly believe that it has been utterly silly, even obdurate, of Apple to not reveal AppleWatch sales. It signals a lack of confidence at worst, or uncertainty at best.
Look at the positive impact that his call to Jim Cramer (re China growth) had in late August, when AAPL briefly fell into the mid-$90s: he not only put a floor on his stock, but also on the market in general, IMHO.
AAPL share price is where it is for one reason only; nervous nellies worried about iPhone sales slowing. All the D&G, all the price target cuts are centered around one thing; iPhone supply chain rumors. I don't think Apple should supply Watch numbers, if anything I'd like to see Apple provide only the bare minimum. None of its competitors provides salsa figures why should Apple? All it does is provide a big fat target it has to meet every quarter and creates all these " tough comps" Wall Street keeps fretting over. In FY 2015 Apple reported $234B in revenue, an increase of 28% over FY 2014; profits were $53B, up 35% over FY 2014. EPS up 43%. The stock does not correlate with the financial performance. I wish Apple would report 4 line items - iOS device revenue, Mac revenue, Services revenue and other products revenues and if the SEC doesn't require unit sales figures don't provide them.
Maybe Apple should go private /s Tim Cooks passion for civil rights is a shining example to all CEO's and frankly Jobs chose correctly on who to succeed him. IMHO he's been fantastic for Apple.
If people listened to him for most of 2015 they would have been better off. From mid January you would have been better off listening to Ahmad and selling your stock. I wish I did.
Yeah, I wish I had listened to analysts during the times when their forecasts were spot on. I'd be a gazillionaire by now. Stupid me.
Maybe Apple should go private /s Tim Cooks passion for civil rights is a shining example to all CEO's and frankly Jobs chose correctly on who to succeed him. IMHO he's been fantastic for Apple.
I have ZERO problem with Cook's passion for civil rights.
I do have a problem that Cook takes time to push civil rights but does NOTHING to counter the flatout lies that the media spews about the company.
I do have a problem that Cook takes time to push civil rights but does NOTHING to change the message that Apple is more than just the iPhone Company.
IMO, Tim Cook is the worst CEO on Wall Street when you take into consideration all the advantages Apple has as a company. The last 3 years they have been growing revenue by 30% and EPS by 40%. They have the most powerful and respected brand in the world. They have the most important product in the history of man (iPhone). Cook has $250 billion at his disposal. Yet even with all of this Cook has not been able to stabilize the stock price. The stock is up a pitiful 2% the last 3 years while breaking every profit metric know to man. The sole reason is because Tim Cook has been an utter FAILURE at controlling the message of the company. Wall Street looks at Apple as a pure hardware company that is selling hardware that is near peak saturation. That is a FUCKING FAILURE of Tim Cook.
Instead of using his time championing Civil rights Cook needs to get his ass in gear and start changing the message on the street that Apple is much more than just iPhone Inc. He needs to show that the install base for Mac users, iPhone users, iPad users, Watch users, AppleTV users are all growing. He needs to show that the econsystem is stronger than ever and that users are paying more for services on the ecosystem. He needs to show that the install base will grow in the next year, 5 years, and 10 years. And that they will continue to add services that will grow exponentially as the install base grows. But Cook has not done this. He has allowed Wall Street to focus soley on quarterly iPhone units. Cook needs to be fired immediatly and replaced by a CEO who understands how to articulate the vision of the company and not be stuck on unit sales or other short-term metrics that Wall Street can manipulate.
Tim Cook is like that clown used car salesman who says hes successful because he sold more cars this year than last year. Any jackass on the street can say that. We need a CEO who can see the company VISION a decade from now and preach the message that Apple is on tract to reach that vision even if their are small bumps in the road. Look at what the Tesla CEO preaches. We need someone like that. We don't need a damn bean counter like Cook who gives us information that a spreadsheet can.
Its a FUCKING JOKE that lesser companies like Google, Amazon, Facebook, and Netflix are killing it this year and are all near all time highs and have valuations that put Apple to shame. And the only reason is because they have CEO's that are controlling the message on the street while the Apple CEO is NOTHING and sits on his ASS all day. Its also a joke that if Apple shows a slight dip in iPhone sales next quarter the stock will drop to $90 and lose over $200 billion in value, just because the CEO has allowed Wall Street to be Apple's PR department.
You say that Tim Cook needs to point out that the install base for Mac users, iPhone users, iPad users, and so on is growing. Tim Cook has certainly pointed these things out during every quarterly earnings call. He has said time and time again that he believes in the viability of those platforms. What more do you want him to say?
I agree that in spite of Apple making twice as much money as Google or Amazon and yet still posting better revenue/profit growth than either company, Apple's stock is so undervalued. The only way Tim Cook can do anything to change the perception about Apple is if he reduces secrecy and I don't think he should do that.
Interesting comments on Apple's fortune or fate. For me, I think within time, oh say 12-18 months, that Apple will be adjusted to a 2.5% dividend yield which likely will put it below $90. There is momentum for that to happen with some kind of earnings/growth/margin disappointment. Remember those prior disappointments. It is never over. They will happen again. And $90 is only $630 pre split -a point no so far away. One of my concerns with Apple is like all technology: soon you will reach a point when for the price people around the world will say their phone is fast enough with sufficient features that upgrades will mean less and less. Might be interesting to see the age of who owns iPhones and how frequently they upgrade. Eventually you reach a point of good enough. Icars, might change this outlook but the computer, iPad, iPods eventually slow down sales and then the tables are turned. How low it goes may be to retouch prior lows. Then pick some up. One thing is for sure it won't not disappoint.and when it does how big will be the adjustment especially when the economy goes into slow grow and recessionary times. Its PE multiple already reflects a different outlook and not a stock with explosive growth. Your thougts? Will we see $900 before seeing $600 pre split?
One of my concerns with Apple is like all technology: soon you will reach a point when for the price people around the world will say their phone is fast enough with sufficient features that upgrades will mean less and less. Might be interesting to see the age of who owns iPhones and how frequently they upgrade. Eventually you reach a point of good enough.
People have been saying this for decades.
From PC, laptop, tablet, smartphone.
The computing device will NEVER be good enough. There will always be advancements that will move a large chunk of the market to upgrade. Specific form factors of computing devices do get commoditized, but not computing devices in general. And that's why it was so important for Apple to get into the wearables game.
The real vision of Apple should not be to keep growing unit sales per year. The real vision is to grow the user base and then keep increasing services revenue. Every year Apple should add more services to the ecosystem to grow revenue. Chasing higher and higher unit sales is a fools game. The real goal for Apple is too have 1 billion users by 2017, and 1.5 billion users by 2020.
Then each year they would just need to add services to the ecosystem. Either by internal development or acquisition. These are the services I'd like too see Apple add to the ecosystem by 2020:
1. Netflix - buy them 2. Bank / Creditcard - buy a bank if necessary 3. Security Monitoring 4. Expand Cloud services 5. Search and online ads 6. Cars 7. Auto insurance 8. Medical equipment 9. Real Estate transaction services 10. Live TV content 11. Video sharing - buy Vimeo
With 2 billion users the company will get growth simply from services revenue. At that point hardware sales is just the icing on the cake. This is the VISION that Tim Cook should be preaching to Wall Street.
You have really answered my point. Lots of potential but doesn't necessarily convert to a far more valuable firm. Only time will tell. With Apple it is about unit sales and margins, and then they slow stand back and watch the market's reaction.
One of my concerns with Apple is like all technology: soon you will reach a point when for the price people around the world will say their phone is fast enough with sufficient features that upgrades will mean less and less. Might be interesting to see the age of who owns iPhones and how frequently they upgrade. Eventually you reach a point of good enough.
People have been saying this for decades.
From PC, laptop, tablet, smartphone.
The computing device will NEVER be good enough. There will always be advancements that will move a large chunk of the market to upgrade. Specific form factors of computing devices do get commoditized, but not computing devices in general. And that's why it was so important for Apple to get into the wearables game.
The real vision of Apple should not be to keep growing unit sales per year. The real vision is to grow the user base and then keep increasing services revenue. Every year Apple should add more services to the ecosystem to grow revenue. Chasing higher and higher unit sales is a fools game. The real goal for Apple is too have 1 billion users by 2017, and 1.5 billion users by 2020.
Then each year they would just need to add services to the ecosystem. Either by internal development or acquisition. These are the services I'd like too see Apple add to the ecosystem by 2020:
1. Netflix - buy them 2. Bank / Creditcard - buy a bank if necessary 3. Security Monitoring 4. Expand Cloud services 5. Search and online ads 6. Cars 7. Auto insurance 8. Medical equipment 9. Real Estate transaction services 10. Live TV content 11. Video sharing - buy Vimeo
With 2 billion users the company will get growth simply from services revenue. At that point hardware sales is just the icing on the cake. This is the VISION that Tim Cook should be preaching to Wall Street.
I see where you're going with this now. You want Apple to build up a massive user base and then monetize that user base with services revenue. You want Apple to become like Google and Facebook. I will give you credit for going all-in on the idea that Apple should just throw in the towel and show Wall Street exactly what it wants to see because Wall Street sure does love the word "user base."
But the problem with buying growth in the user base is that after a certain point, the cost of each additional percentage point in user base growth will exceed the revenue growth that that additional percentage point in user base generates. It's the law of diminishing returns. This drop-off is even more pronounced when it comes to services that have low barriers to entry. For example, cloud storage is turning into a price war. 5GB of storage space from Google is the same as 5GB of storage space from Dropbox or Amazon.
i wonder if they were concerned that all his off base doom and gloom might be an attempt to short the stock. Bankers and analyst doing that is very frowned on. Even if he wasn't, the impression that he might be could be a bad thing. bad enough to fire him
One of my concerns with Apple is like all technology: soon you will reach a point when for the price people around the world will say their phone is fast enough with sufficient features that upgrades will mean less and less. Might be interesting to see the age of who owns iPhones and how frequently they upgrade. Eventually you reach a point of good enough.
People have been saying this for decades.
From PC, laptop, tablet, smartphone.
The computing device will NEVER be good enough. There will always be advancements that will move a large chunk of the market to upgrade. Specific form factors of computing devices do get commoditized, but not computing devices in general. And that's why it was so important for Apple to get into the wearables game.
The real vision of Apple should not be to keep growing unit sales per year. The real vision is to grow the user base and then keep increasing services revenue. Every year Apple should add more services to the ecosystem to grow revenue. Chasing higher and higher unit sales is a fools game. The real goal for Apple is too have 1 billion users by 2017, and 1.5 billion users by 2020.
Then each year they would just need to add services to the ecosystem. Either by internal development or acquisition. These are the services I'd like too see Apple add to the ecosystem by 2020:
1. Netflix - buy them 2. Bank / Creditcard - buy a bank if necessary 3. Security Monitoring 4. Expand Cloud services 5. Search and online ads 6. Cars 7. Auto insurance 8. Medical equipment 9. Real Estate transaction services 10. Live TV content 11. Video sharing - buy Vimeo
With 2 billion users the company will get growth simply from services revenue. At that point hardware sales is just the icing on the cake. This is the VISION that Tim Cook should be preaching to Wall Street.
In a best of all possible worlds we'd have an Apple as great as it is, most profits, most valuable, best products etc. AND soaring stock value. However, your idea of booting Tim based on the lack of the latter doesn't take into account the former, which without Tim might not be the case.
Comments
That was quite possibly his role at Berenberg. There is a LOT of money invested through them.
There's one sure fire way to profit from AAPL. Buy the shares and hold them a long time. Short term investors can impact the short term value, but not the long term. If you want to hold AAPL less than a year, that's your risk.
As as for Time Cook's qualifications to be Apple's CEO I would only make two points. First, he's who a Jobs chose - both while alive and in death. Second, give another name who is better suited to run Apple.
I also strongly believe that it has been utterly silly, even obdurate, of Apple to not reveal AppleWatch sales. It signals a lack of confidence at worst, or uncertainty at best.
Look at the positive impact that his call to Jim Cramer (re China growth) had in late August, when AAPL briefly fell into the mid-$90s: he not only put a floor on his stock, but also on the market in general, IMHO.
i wish Tim Cook had taken the company private so people like you would be forced to hold it a reasonable length of time instead of rushing to sell at the first little negative blip. If you had a 5-year horizon on your investment, why do you care how much it drops in any given 6-month window?
Doesn't seem like you have much of a stomach for equities - perhaps you'd do better playing with some mutual funds or GIC's....
/s
But I seriously doubt that he was fired for being bad at his job. Being right - or even close - doesn't seem to be a job requirement for analysts. I'll bet he was caught manipulating stocks for his own personal gain - or for the gain of family and friends and was fired for that reason. I sure hope his personal trading activity - and the trading activity of his family and close friends - is being scrutinized to see how much he profited from shorting the companies he was about to downgrade etc...
Tim Cooks passion for civil rights is a shining example to all CEO's and frankly Jobs chose correctly on who to succeed him. IMHO he's been fantastic for Apple.
I agree that in spite of Apple making twice as much money as Google or Amazon and yet still posting better revenue/profit growth than either company, Apple's stock is so undervalued. The only way Tim Cook can do anything to change the perception about Apple is if he reduces secrecy and I don't think he should do that.
Remember those prior disappointments. It is never over. They will happen again.
And $90 is only $630 pre split -a point no so far away.
One of my concerns with Apple is like all technology: soon you will reach a point when for the price people around the world will say their phone is fast enough with sufficient features that upgrades will mean less and less. Might be interesting to see the age of who owns iPhones and how frequently they upgrade. Eventually you reach a point of good enough.
Icars, might change this outlook but the computer, iPad, iPods eventually slow down sales and then the tables are turned.
How low it goes may be to retouch prior lows. Then pick some up.
One thing is for sure it won't not disappoint.and when it does how big will be the adjustment especially when the economy goes into slow grow and recessionary times.
Its PE multiple already reflects a different outlook and not a stock with explosive growth.
Your thougts? Will we see $900 before seeing $600 pre split?
You have really answered my point. Lots of potential but doesn't necessarily convert to a far more valuable firm. Only time will tell. With Apple it is about unit sales and margins, and then they slow stand back and watch the market's reaction.
But the problem with buying growth in the user base is that after a certain point, the cost of each additional percentage point in user base growth will exceed the revenue growth that that additional percentage point in user base generates. It's the law of diminishing returns. This drop-off is even more pronounced when it comes to services that have low barriers to entry. For example, cloud storage is turning into a price war. 5GB of storage space from Google is the same as 5GB of storage space from Dropbox or Amazon.
In summary, I'm glad you're not the CEO of Apple.