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Apple Inc. Message Board

  • genexcess genexcess Jul 11, 2013 10:54 PM Flag

    Jony Ive Resigns From Apple

     

    that would be horrible news.

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    • You are really an A.H. which is not exactly mean After Hours.....

      Sentiment: Buy

    • Lack of Innovation at Apple (AAPL) Has 'Destroyed' Shareholder Value - Analyst
      July 8, 2013 7:51 AM EDT

      Has the innovation machine at Apple (Nasdaq: AAPL) run dry? At least one Wall Street analyst thinks so.

      Global Equities' Trip Chowdry said Monday that Applemanagement has "destroyed" shareholder value in its failure to create an innovative product or smartphone to drive demand. He notes that a bigger, slimmer smartphone won't be enough to disrupt the consumer market. He comments, "Both, Mead Johnson (NYSE: MJN), a baby food company and Coloox (NYSE: CLX), a toilet cleaning company, trade at more than 2x the multiple that of [Apple]. Hence most people are quite alarmed that Tim Cook and Peter Oppenheimer are systematically destroying Apple's shareholder value."

      There's also a risk that employees will leave for tech rivals like Google (Nasdaq: GOOG), Microsoft (Nasdaq: MSFT), and others.

      Chowdry also notes that Apple has shifted from being a growth company to cash-dispensing company, a plan that has completely backfired. "Who is getting all the cash?" Chowdry asks.

      Finally, the analyst thinks Apple CEO Tim Cook and CFO Peter Oppenheimer might be replaced by Jon Rubinstein and Fred Anderson.

 
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