gmgravytrain

The only thing that matters for Apple is how many iPhones they can sell each quarter. Nothing else in the company seems to matter at all. As far as Wall Street concerned Apple is a one-legged race-horse. Without the iPhone, Apple is headed for the glue factory. Outside of Apple, that's everyone's opinion. Only companies like Alphabet and Tesla can pull off that future project stuff and get investors interested. Apple can't sell any of that futuristic stuff to their investors. As far as the future is concerned, Apple won't be around long enough to see the future. Tim Cook simply can't sell anything to anyone. He's no Elon Musk, that's for sure.

Hedge funds always dump losers, so I suppose it's not that unusual for them to be dumping Apple. Instead, they'll be buying Amazon, Tesla, Alphabet, Facebook, Microsoft, etc. It's not easy for a CEO to ruin a company unless he's trying to do it deliberately. Tim Cook has really soured most of the big investors. Think of how many shares Apple can buy back for $75 a share. It will be interesting to see how many since that's where Apple appears to be headed. I suppose it was inevitable Apple becoming a second-rate investment after joining the Dow. The Dow curse must be in full effect at this point. No investors will be buying Apple unless they surely want to lose their money. I still can't understand how Apple's management missed the signs of a fully saturated smartphone market. It seemed so obvious to practically everyone else.