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Apple Inc. Message Board

  • docnaka12 docnaka12 Dec 7, 2012 10:22 PM Flag

    Tim Cook USUALLY does not like to tip his hand, BUT.....

    ...very clearly stated, "Don't bet against Apple."

    If anyone knows, he knows.

    Sentiment: Strong Buy

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    • who the heck is Tim Cook? he was a nobody and nameless tech exec before Steve Jobs died. Not like he got decades of CEO experience under his belt, in fact, he is still a rookie CEO. Don't bet against him??? don't bet against Steve Jobs maybe because of his 40 years of track record. Tim Cook have to live to 90 probably to earn that respect.

      • 2 Replies to idbtc
      • While it's true that operations genius Tim Cook is the CEO, Apple's executive management team also includes proven visionaries like Jonathan Ive, Eddy Cue, and Phil Schiller. In fact it was Schiller who came up with the idea of the scroll wheel for the first iPod. Tim Cook has delegated considerable authority to these key lieutenants, so don't think for a moment that Apple is wanting for design and marketing brilliance.

      • What CEO's have "decades of CEO experience"? You forget that Jobs was ousted from his own company in 1985 and returned in 1996. He was the CEO for Apple for about 15 years. Once again, he was not a great CEO, but a great innovator. Jobs legacy will remain for at least another year based on products "in the pipeline". Point being, it doesn't really matter who runs the show at Apple because ALL of the products (except iPad mini) are still Jobs' products.

        Therefore, the "bet" is against Apple and not Cook. Still, I think that Cook is more competent as the CEO and definitely better liked than Jobs.

        On a side note, he could have easily said, "Demand is poor." "Supply issues have not caught up with demand." " The economy is weak" etc. MANY companies are citing "difficult economic conditions", "increased costs", etc leading to lower guidance.

        Based on his comments, you can "bet" that Apple will deliver HUGE this quarter.

        Sentiment: Strong Buy

    • Haha, really? What else can he say? "Please bet against us"? Does betting against mean the stock won't go down to the next support line at $450?

      • 1 Reply to senspeed
      • NO, but Tim Cook NEVER hints at anything positive. He is notoriously tight-lipped about everything. I take his statement to mean that Apple has plenty of innovation ahead. Regarding stock price, I am not saying that it can't go down to $450 as stock price (valuation) is not always reflective of a companies success. However, as long as Apple continues to innovate, people will continue to buy Apple products, and the stock will in turn be forced to go up.

        Sentiment: Strong Buy

    • Folks are hopefully in apple for long term (at least through 2015). What people are missing here in the huge sell off is the buying oppurtunity it presents. Be conservative with your positions, but if you can afford to then now is the time to increase your position in apple. The volitilty is intense, but its not new, it's excerbated by outside factors. While a ride, the exceptionable dip has done nothing other than devalue apple. Nothing indicates apple will continue to be devalued into 2013.

      Sentiment: Buy

      • 1 Reply to atrayu19
      • world-wide recession as forecast by draghi yesterday, ray?

        ECB cuts growth outlook for eurozone
        Latest data suggests currency region in recession

        The Associated Press Posted: Dec 6, 2012 12:18 PM ET

        The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic growth in 2013 from plus 0.5 per cent to minus 0.3 per cent.

        Sentiment: Strong Buy

111.78-0.87(-0.77%)Dec 19 4:00 PMEST

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