mr lizard

DAalseth said:

mr lizard said:

byronl said:

ah yes! because apple is supposed to time travel into the future so their predictions are 100% correct, with no room for error.

I’m not defending the lawsuit here, but the earnings call was in November and Apple’s now famous profit warning was on January 2nd. There were already rumours of pressure in China, which Cook’s comments brushed aside. 

The notion that Apple had no idea they had a problem a mere six weeks out is laughable. It raised questions at the time. 

However if Cook had taken these RUMOURS and said "Yes it looks like our sales might tank due to instability in the China market" that WOULD have done a LOT more damage to the stock value and shareholders. As it was the price took a dip in January, but recovered and climbed higher in a few months. Honestly, as there was at that point no way to know for sure if there was going to be a problem this was the best way to handle these unsubstantiated rumours.

And let's be honest, at the time of Cook's statement it was just some friction between the US and China. It was a couple weeks later that #45 made a bunch of statements and made things massively worse.

Xed said:

StrangeDays said:

flydog said:

cg27 said:

So prior to the cuts Peleton has over 10,000 employees?  If that’s the case they’re beyond bloated.  There are successful EV startups that have fewer employees than that.  This is just a dumb bike with some app and personal trainers, not exactly rocket science.

Even if the article means to say 2800 remain that’s still a ton of overhead, for what??

Not seeing the connection between Peloton and EV startups.  

Seemed pretty clear - EVs are a much more complicated business than exercise bikes with screens. If they had a staff of 10,000 that seems way, way too big. 

Xed said:

cg27 said:

flydog said:

cg27 said:

So prior to the cuts Peleton has over 10,000 employees?  If that’s the case they’re beyond bloated.  There are successful EV startups that have fewer employees than that.  This is just a dumb bike with some app and personal trainers, not exactly rocket science.

Even if the article means to say 2800 remain that’s still a ton of overhead, for what??

Not seeing the connection between Peloton and EV startups.  

An Electric Vehicle is orders of magnitude more complex to engineer and manufacture and certify.  Hence the need for more employees.  I could’ve used other industry examples but hopefully you get the point.  It seems Peleton would need only a couple thousand at most.  Even if they were planning more exercise machines.

That's not a connection. That's, at best, a bad comparison.

It’s not a connection, it’s an example, and an apt one. EVs are higher tech than exercise bikes for a hundred reasons. If they had 10,000 employees then management did a poor job managing their growth and costs.

A startup is always small. Peloton is not a strap and well established over a decade with offices around the world and trying to grow into different areas. It's foolish to think it should be smaller than a startup.