wrong. his job is to manage the company for shareholders. and a 10% drop in the price of the stock on no news in less than a week requires his response. he works for shareholders. this "I don't care about the stock" garbage is reason for firing. he should be able to manage day to day operations and shareholder concerns at the same time. that's why he's paid the big bucks.
You seem to be a reasonable person, unlike many of the dopes on this board. Full disclosure, I'm long Apple 720 shares...unfortunately, underwater, as well. People like us don't have the purchasing power to move the stock one way or another. But the people that do are leaving the stock. I'm always of the belief that the guys who can move the stock always have some sort of inside knowledge. Therefore, people like us may keep thinking that Apple isn't worried about short term stock fluctuations and that they have some big things coming which will turn things around. However, if that were so, wouldn't the big buyers know this ahead of us? And the fact that they seem to be dumping, could and should be considered an ominous sign that nothing significant is on the way. That's my concern. Interested in your rationale for being positive. Thanks.
Full disclosure, I'm a bull, but I'm not holding long until fall. I got out at 465. I bought back in today at 437. Until Apple releases a completely new product that is a proven hit or are able to show real tractation in China I believe the stock will swing wildly. My intention is to try and profit from those swings.
Why be positive?
-Apple has consolidated SW & HW design under Jonathan Ive, one of the best product designers ever. We will get a glimpse of his SW vision next month at the WWDC. With Ive in this role we have a company wide design visionary that should replace part of what we lost with Jobs
-There is much geographic ground still to be won
-There are known product categories Apple can easily own (TV, Home Automation, Personal/Physical Data/Metrics, In Dash Experience)
-There are product categories we have no idea exists that Apple can invent
-No one rules the supply chain like Apple (for any given product they will have higher margins than competitors) Cook is particularly good at this
-Investment in R&D is huge
-Ecosystem works and can get stronger with adjacent products like TV
Long term, if they can show continued product vision and geographic expansion there is still plenty of growth. Short term, this will swing and make your stomach hurt.
I'm going to guess that anyone who feels the need to so liberal use exclamation marks has much less of an idea on how to be a CEO than a man who has spent half his adult life training to be a CEO.
But honestly, this is just a hunch. I don't know you.