I always have great respect for TC. Not because how he is running Apple (i dont agree all his decisions, but that is another topic), but his record on humanitarian causes.
He could have gracefully released information to common investors thru a PR. But private email to nobody but Cramer? Really Tim? What do you see in Cramer? a perfect human being that is out to save humanity and solve world hunger?
You can sustain 700+ billion dollar market cap when majority of your profit come from ONE product that is iphone. No matter how much profit you make off that one product.
This was going to happen sooner or later.
They are worse than weatherman, but people follow them like their brains are cut off.
Just think about this. Today's downgrade cost Disney shareholders more than 8 billion dollars and probably 100s of billions as domino effect. So while shareholders are losing boatload of money there are some people getting awfully rich of that.
I have met exactly 5 people wearing it in the last 6 months.
I am not bashing AAPL. I think iphone sales are strong and more than make up for watch.
But this watch is really holding AAPL back. I dont like it. I wish TC and Co. had come up with another product category.
All these are boiler room operations (including big brokerages), the price targets and upgrades and downgrade are nothing but border line legal (not sure why this should be) manipulation of the stock prices.