apple iigs

woodbine said:

poksi said:

Have you perhaps at any point considered that there's nothing else to talk about apart from "dollar vs. yuan" and stuff? Numbers talk and services are still niche part of Apple's business without any clarity for the future growth. Cook can't really use Eddy Cue's stunts in this department to 'change the narrative' and let's be honest, Apple was lucky to hit the market with 3 new product categories within the same decade. It won't happen again in our lifetime. Now it is treated as any other hardware company with services, because market has matured and saturated in new categories where Apple pumped all its growth from.. On the other hand market believes Google is capable of rising the revenues despite this facts even in the future. This time I agree with them and I'm pretty much sure there won't be any Apple car or any other similar nonsense in the future. For any new product category you simply need another company, different mindset. This is as far as this one goes. I'm sorry about that, too. 

I predict that spaceship they are building will become their last straw, their Waterloo....if SJ was still here he could make it work for Apple, but now it just looks like a big white elephant.
Oh and I have been an Apple user since 1998, but since Apple went backwards on the Mac Mini upgrade, created a MacPro only the seriously rich can afford, busted up the Aperture party, went all stupid and thin on everything....I've lost my patience with Apple.

jdnc123 said:

anantksundaram said:

People can spin it any way they want, but this is just not good news. The market currently has absolutely no confidence in Apple's ability to generate value from future growth opportunities. And, we can criticize or chuckle at Google all we want (I often get in on it too), but they have a narrative that the market is buying in droves. As it currently does with Facebook and Microsoft as well.

Kudos to them.

Apple truly can and must do better on conveying some sense of who or what it wants to be 2, 5, 10 years out. This is not rocket science. Every major company does it in some form or the other. That's a huge part of what CEOs are paid to do. It involves much more than talking about "industrial era taxes", "dollar versus yuan", etc.

I realize a lot of people here do not own AAPL and therefore couldn't care less, but for those of us who have been very long-term shareholders of the company, this news hurts. There is simply no need for such underachievement. It's bewildering.

(And, please spare me the vacuous stuff about "Wall Street casino" and such; those are simply sound bites).

Winner, winner, chicken dinner.

Market multiples are often broadly and on company-specific basis just a reflection of sentiment from the collective crowd.  The sentiment from the market today on Apple is that nobody has any confidence in their ability to navigate this road bump and continue to grow.  I don't get this hardware vs software crap..... apple has been sitting on tens of billions of cash for years, they could have diversified their revenue stream but chose not to.  Why should management get a pass now for doing nothing when many people have for years said they law of large numbers and saturation would catch up to them.  Guess what Tim Cook, it did, you just had your head buried in the sand.

I have no idea what Apple wants to be in 5 years nor does anyone on this board nor does the market.  Their primary product growth is negative/shrinking (according to mgmt), why should the market give them a market multiple when mgmt can't articulate a vision for what they will be in 3 years let alone 5, something every other company on earth does???

nolamacguy said:

apple iigs said:

BS. Thats what Tim Cook wants to do but he doesn't know how to do it proper. 

Tim Cook so far has pandered to wall street and its disgusting. Lets see. All those stock buybacks all those dividends. Precisely because Tim Cook hopes it will help the stock. Having lunch with Carl Ichan. Trying to position Apple as something it isn't. Get rid of this fool as CEO. I am tired of his kissing wall street. All of this and the company has lost a couple of hundred billion in value. Good job. So lets see has this helped the stock? Hell NO.

let me guess -- you're a "long-time" fan. love their products. but now you're...concerned. jobs is dead. innovation gone. did i miss anything, or is that about where you stand?

volcan said:

sog35 said:

regardless. I doubt any investor said to himself, "oh wow. Apple is buying back stock. That makes it a buy."

Regardless, Cook said they were, splitting the share price, doing a buy back and paying a dividend, all to benefit the shareholder. Why would he suddenly reverse course and issue more shares? I think they will stay the course. I could see them structuring some more corporate bonds if they wanted to buy a company. Debt is cheap right now. Better to not mess with the shares. Wall Street is too unpredictable. You should know as I remind you that the share price did not hit $150 in 2015 as you so boldly predicted.