You really need to get laid, Sokar. If only you had an identical twin there would be someone with low enough self esteem to help you out.
Unlike Apple, Exxon's valuation is based on underlying business. Only fanboys thought Apple would permanently displace XOM.
Good for them, they're running a highly profitable business, something that can benefit our economy! Now, outside of that, am I supposed to give a shit? I didn't get the memo.
Nope. Apple has further to fall, SkinofFanboyJobsSuckingCastleRazer. But there will be some back and forth before it's all done.
That's the thing, without the culture of personality around Steve Jobs Apple will keep sliding. Mid 90's is their destination
Steve was also obsessed with his company, and had a singular drive to make it his way every way. He lived it and breathed it. That's just not going to be the same for someone who steps in after the founder/creator has passed on. It may be an important job, but it's still a job.
Pretty much. Apple's profit margins are at least three times what they should be in a rational market--after a terrible quarter they're still almost 40%--and Apple's market share in laptops, tablets, and phones is only going to go down absent the cult. Apple has a relatively low P/E (10.5 compared to 15.1 for the S&P overall) ratio because no one thinks Apple's numbers are sustainable, but even an uptick there won't come close to making up for Apple's other numbers hitting some kind of normal, sustainable range.
So did I. I was in high school in the mid-90s, and we were using the all in one PowerMacs (the 5200s if I recall correctly). For a guy whose home computer was a Zenith 286, that was badass! We used them for programming in Logo. Also, I liked playing Triazzle on it when the teacher wasn't looking. Plus, I like how they looked: I even had one about 8 years ago, after nursing it back to health. It worked for a long time until I sold it for $100. Originally got it for $10 a year prior, so I made off pretty good!
Its impossible to say what's going to happen. Apple's stock took a dive because they didn't hit screwball expectations made by people who profit from suckering folks into handing their money over to them. No company is going to have massive growth, year after year. Market saturation affects everyone. Microsoft has never had an unprofitable quarter, and yet their stock is valued at a fraction of Apple's. Were the stock market to operate logically, then any company, which turned a profit would see its stock go up. Instead, what we have, is that investors are like junkies, they expect companies to continue to grow and expand at meteoric rates, and when those companies can't expand (due to things like market saturation), investors freak out and dump their shares. Is Apple stock overvalued? Quite possibly, but so are any number of tech companies. Unlike some other overvalued companies (Netflix and facebook, to name but two), Apple is sitting on over $100 billion in cash, so not only can they ignore the irrational twitching of the markets better than most, if they decide they want to wipe out most of the competition, they can do it simply by slashing prices. Few other companies could afford to do that. If Apple had chosen to introduce its iPad Mini at a $149 price point, odds are, they would have wiped out sales for every other 7" tablet out there. Perhaps it was a mistake for Apple to not do that, since the insane $329 price ensures that even the crappiest of competing 7" tablet will be able to survive. In order for Google or Amazon to achieve the same effect, they would have had to price their 7" tablets at $49. Could they afford to that? I don't know. Is it probable that if Apple continues on their present course we'll end up in a situation similar to PCs where there's really not much difference between brands like Acer, HP, Dell, etc.? Yup. Especially if they don't make major tweaks to iOS in the next release. Given that they did a deal with HTC over patents, I'd be willing to bet that you're going to see some big changes in iOS shortly. (Once Blackberry 10 comes out, iOS will be the oldest mobile device OS to not]b] have a major rewrite, BTW.) Will those changes be enough to cause iPhone sales to spike? I dunno, but I do know with Jonny Ive running the show, there's a good chance that the changes will be really interesting.
It's cute that he sees even this through his liberals bad/conservatives good lens, as if Apple is some sort of liberal icon. The vast majority of liberals (along with the vast majority of most other human categories) have nothing but disdain for Apple.
This is exactly why I do what I do. You pussy liberals are so emotional and uptight. If you aren't sniffing your own farts and telling everybody in the world how much better you are, you're sobbing over obvious jokes because everyone's right to free speech should end where your demands to never be offended begin. Never change.
Ah yes, the classic puppet master claim. Never change, indeed! And not for nothing, but who was sobbing? You make an idiotic statement, it's pretty likely people will point fingers and laugh at you. Your claim might have merit if anybody ever, even once, saw reason to take you seriously.
Apple's problem, or rather one of their many problems but the one which is effecting their earning so much right now, is they're now facing stiff competition as well as a price ceiling. They got used to offering substandard old tech for premium prices because clueless people didn't know anything about the guts of their smart phone, didn't care that Apple fenced them in on a reservation, but so wanted the brand name they were willing to pay extra. Now, even the most clueless rube knows that most Android devices beat the Iphone hands down, cost less, and allow users more personal control while people who know tech know the Galaxy S4's specs & price blow the doors out of the proposed I5's specs and price hands down. Apple got lazy and stopped innovating and for the last four generations they've just offered slightly improved versions of the same basic device but for big increases in price. There is no reason to pay $600 for the I5 when you will be able to get a vastly superior in every way Samsung Galaxy S4 for just $350. Apple will have to accept the reality of lower prices on their rather ho-hum under performing phones or actually do something to make their products worth more. Right now they're guts are 1-2 generations behind all the Android phones and are even behind the Windows phone's hardware so no one but a fanboy bothers with them especially not when they cost twice the price.
