How about Mark Zuckerberg? Or is FB a bubble stock?
Actually, I would include Jeff Bezos even though I do think AMZN is a bubble waiting to burst, but Amazon itself, the company, as well as Facebook, are solid companies that make huge amount of money only, in Amazon's case, Bezos chooses not to earn significant net earnings and instead spends nearly everything on new projects and, really, selling a lot of stuff well below cost.
It is not a CEO's fault if the markets turn their company's stock into a bubble. Bezos would be doing the same thing, and Amazon would be just as successful, if AMZN was trading at a trailing PE of 40 instead of 295. He doesn't care. He's incredibly rich either way.
To all those morons I've seen calling for Tim Cook to be replaced by Elon Musk, how do like Musk as a CEO now?
So many people here complain that Cook is too boring and not enough of a risk taker like Musk.
Right. And that's what I like about Cook.
I'm confident that he is not going to do something stupid, and possibly unethical, like Musk or just plain stupid like paying over $26 billion for LinkedIn.
Apple already pays more in dividends than any publicly traded company and, of course, they just raised it 10% again and will continue doing so each year for, at least, the next few years.
"if wait till earnings which they may do it will be to late!"
Too late for what?
Not sure what you're rambling about, I'm looking at my iPhone 6 right now and the display looks great.
So unless the iPhone 7 will have a worse display than the 6, what's the problem?
They already did.
He could have bought back in at $89. Too late now.
But the fact is that he could not buy back in because the REAL reason he sold in the first place is because Icahn Enterprises has negative cash flows and needed to raise cash to make their dividend payments.
I forgot to finish the sentence that began, "The usual way of looking at Apple . . . "
I intended to say that this typical view is childish and exhibits a lack of understanding of how a business is run, especially one as huge as Apple. It may not be "cool" and exciting, but this stuff is very important. And it goes on at the SAME TIME they are developing new products.
They have greatly increased R&D spending and have hired tens of thousands of people in recent years. I'm pretty sure they are able to work on new products while Tim Cook is dealing with officials and business leaders in China and India.
It's not as if Cook is designing the stuff himself. That is why Jonny Ive was named Chief Design Officer.
It's true what people say, Cook is not a design guy like Jobs was. There is nothing wrong with that as long as HE realizes it (as he clearly does) and leaves those decisions to people like Ive.
And, in fact, a CEO that micromanages such decisions can be a problem. Steve Jobs insisted on some pretty dumb design and feature choices over the objection of his designers and engineers. Jobs was not always right. At least Cook does not think he knows best when it comes to such things.
1. What makes you say they can't make good new products? What's wrong with their products, in your view?
2. This IS a good business strategy. The usual way of looking at Apple is being only about some "wow" factor or a new product, and not also about operational and financial management and the development of new markets including the development of business relationships such as with the Chinese and Indian governments and business community.
A whiz-bang new gadget is great, but not if you can't access markets with billions of people to sell them to. Apple's long term strategy in India will pay huge dividends in a few years and for many more years to come.
Half of Indians are under the age of 25 and India will surpass China as the most populous country in less than ten years. It will be a massive and rapidly growing market soon, and Apple will be a key player.
It would be very interesting to know how many iPhones are on the various lease programs (from Apple and from carriers) wherein they get the new phone as it comes out each year.
Anybody know of a reliable estimate?
You mean the two for one deal for the new Samsung Galaxy 7 Edge?
Oh, yeah, it is terrible news for Apple that their biggest competitor needs to give away a free phone to get someone to buy one.
I'm sure Samsung is making a fortune, basically, discounting their newest, flagship product 50%.
Thats because the REAL reason he sold his AAPL shares was to raise cash because IEP has had negative cash flows the last year or two and they needed cash to make their dividend payments.
The idea that Icahn selling AAPL had anything to do with his "concerns" about China was nonsense. He did not want to admit the real reason was that he IEP desperately needed a cash infusion from taking their $2 billion gain on their AAPL shares.
This is why it works for candidates to try to claim to be "anti-Wall Street."
We get indicators that the economy is stronger than expected, and the market sells off because they are afraid of losing free money from the Fed.
No wonder people hate "Wall Street."
All I know is that the screen on my iPhone 6 looks great.
I'm really not sure how good a phone screen needs to be beyond some point. It is not as if it is a 60-inch 4K television. It's a friggin' phone.
I would rather Apple focus their attention elsewhere.
I can see my icons and read email, text messages, and web pages just fine with the existing LCD retina display. Even if I occasionally watch a video, it looks very good.
People can't think for themselves.
They just follow market "sentiment" and are easily frightened.
So when bunch of people say, "Demand for the iPhone 7 is weak," instead of asking, "How can you know demand for a product that doesn't exist yet?," they just say, "Everyone must be right. Apple is doomed. SELL!"
iPhone does not use OLED.
The newest tech is not always the best. There are trade-offs. That is why they waited to use 3G cellular until the second version of the iPhone.
A bird in the hand is worth two in the bush.
Seriously, you have the most massively successful product in the history of tech, at least, and it is the most admired brand with the greatest customer satisfaction ratings of a product type that people have so completely integrated into their business and personal lives and become so dependent on that many say they are "addicted" to it, and YOUR plan is to not focus so much on growing the market for that product and focus elsewhere instead.
Focus on what? You have no idea, as long as it is not the iPhone.
And what killed BlackBerry was that they did not continue to focus on and develop their phones and ecosystem enough and Apple came in and took their customers away.
BlackBerry did not fail for lack of another type of product to make them money, BlackBerry failed because the product they had was FAR surpassed. I know, now you will say that of Apple, but point out competing devices that far surpass iPhone.
They have not banned Apple "services." Only movies and books.
Apple Pay, the App Store, and the rest if iTunes is unaffected.
This is simply about the government censoring what books and movies people can access. It is not about shutting-down Apple in general or even Apple services in general.
So, big shocker, the Chinese government engages in censorship of books and movies.