Boz, on 14 January 2013 - 20:40, said:
Their stock is dropping like a brick. They've hit below $500 today.
I LOVE IT! I knew it would be a matter of time before Tim Cook would crumble. The management shuffle was a sign things were going south, otherwise why change? No corporation changes direction when on top of the world & climbing higher.
Tim Cook proved on his very first presentation (of the iPhone 4S), that he was not in the same league as Steve Jobs. Could barely finish the presentation. Jobs was a master at this, & even when he was very sick & knew it, didn't allow it to be an excuse to get on stage & do his thing. He actually was working around 36 hours before his death, a miracle in itself, as he knew it was coming. Cook doesn't have Jobs's work ethitc, his talent, doesn't draw the same attention when he walks into the office, & will be the downfall for Apple. He took a corporation on top of the world & single handedly wrecked it.
Now he's looking to China to be Apple's #1 market. Must have been part of his plan way back when Jobs was on medical leave & he decided to move the workforce there. Steve Jobs would never have done this (may have thought about it, but as true American hero, he wouldn't have brought it up himself), the board approved of Cook's plan on the Asia migration. At any rate, relying on China to be their #1 market smells of desperation. Apple's US customers are beginning to smell the roses & look at other products, tiring of constant issues such as battery life ones, among others.
Many analysts seen this coming, by now, most of Job's DNA is no longer in Apple's products. By the next release, it'll be zero. Steve Jobs made Apple from scratch, & Cook is a **** poor replacement for him. Cook was basically a tail kisser, a "yes" man, simply wanting the top job at Apple. Who knows, Jobs may have given Cook the job to implode the corporation, remember, he was fired from his own position by the Apple board many years ago. Sweet revenge indeed. He had to know that Cook was no clone of himself.
It's time for someone at Apple to come up with a new gadget, unfortunately, they don't have Jobs to do all of the creation any longer. And I doubt that Tim Cook will be the creator of it either.
The shareholders should have cashed in when Apple hit $700, as it's unlikely that the corporation will hit those numbers again. Mabye if a true innovator comes on board again, however that's a once in a lifetime deal. Steve Jobs & Bill Gates are of a rare breed, no one can copycat them. The chances of hitting a Powerball ticket are better.
Apple has some truly rough days ahead of them. Deservedly so.