Ahh, Louis Rukeyser...that wry sense of humor. Witty, insightful, and an uncanny resemblance to George Washington! WSW, that was my religion Friday nights. He was one of the best and initiated me, as a very young lad at the time, into the world of investing. AAPL was one of my first investments!
Absolutely and spot-on. The hubris is distorting their vision-or- lack of. To further use your metaphor; while they are passing around the bong- they have become out of touch with reality and indeed, the market forces outside will eat their lunch. Their complacency in mind blowing really. Just what are they doing to address the fact that the iPhone is at the end of it's product cycle??
Is there anyone inside calling them out on this?! I mean, the stock is at a 2+ year low! Hello??!!
Absolutely ! He would have asked Tim; "If you left your house in a hurry while driving to work...which would you turn the car around for; a watch or your i Phone? "
End of story. You see that's vision. It comes with keen observation up front!
Absolute FACT, I too called this way back when. And now? This is an EPIC FAIL. The Apple BOD should be ashamed at what they created and loss opportunities to create. A bunch of ineffectual - clueless - uncreative souls! All the money in the world and they can't come up with anything other than a watch?!!
Inside at Alphabet they laugh at the dimwits over at Apple "building their ivory tower"!
They (and we) truly are. Biggest fail in product history. They never released the figures because of this fact. And to think they can match or exceed this first product release again is pure arrogance. Steve know when to leave his LISA project when he discovered the MAC program wad the future. That is called vision.
In the mean time, Missed NFLX, Missed Dreamworks. Missed NEST. Missing TSLA. The list goes on-and-on.
Very, very sad moment and awakening for Apple and all their loyal shareholders that stood by.
No more. I started rotating into GOOG and other leaders today. Goodbye Apple.
"COO disguised as a CEO" ...well said!
Can you imagine if Elon had this much R&D, intellectual property, Operations supply management (Tim Cook's field) in place? Can you imagine what the stock price would be? Close to GOOG, that's how much.
Indeed: "Goldman Sachs updated its outlook for the consumer technology company, reiterating its “Buy” rating and target price of $155 for Apple stock" April 13, 2016
You are absolutely correct. Tim needs to make the play, NOW! Apple Inc. has the much needed CASH that Elon needs and Apple really, really, needs the new Steve Jobs. It would be as significant as Gil Amelio (Tim Cook )
buying NEXT (Steve Jobs) back on December 20, 1996.
WS want's Tim to deliver the next driver into the next 5 years- not the same product of the last 8 years.
I'm not suggesting letting go of their premium product line- I'm asking what is the 3 B annual R&D buying out there in Cupertino? There has to be something more going on?! And if there is (which I assume to be) why are they allowing the stock (and my loyal shareholdings) to be slaughtered from 130 down to 89 without defending the stock?!! !!!!!!
He will return empty handed as well. China ripped the (Intellectual ) prize already. TC is low energy.
You got it! The more they hate, the more the destroy massive wealth from within and outside shareholder value.
Doing nothing is in fact doing something. By default, it is a choice. A weak, feeble one at that.
True. But protecting profits makes sense to me as well...albeit, lower profits than before.