ashes, ashes.....we all fall down?!.....Apple stock fell about 10% today.....

[NewtonMP2100]

.....so far.....hasn't been this low since 2017......



.....Apple stock has plunged to its lowest point in almost two years today, falling as much as 10% after the company warned it would fall short of its own holiday sales forecasts.

CEO Tim Cook sought to place the blame for worse-than-expected sales on China’s slowing economy and the President Donald Trump’s trade war. He also acknowledged that iPhone sales are slowing, as consumers wait longer to replace their older smartphones. Some opted to take advantage of Apple’s low-cost battery replacement program rather than upgrade their devices.

Heading into the final hour of trading, Apple shares were at $142.54, down more than 15 points on the day. The stock was last at this level in February 2017...........

[SteveG]

oops, celebrated too soon?

[Grumpyguy]

Steve Jobs innovated. Tim Cook worries too much about politics.

He has let the Mac suffer treatment worse than that of a red headed step child. There seems to be no innovation with new ground breaking technologies and current products seem to never reach their potential. Languish might be a word Cooks looks up.

Then, Cook seems to think the pockets of its consumer base have no bottoms. Well, Cook has found that to be dead wrong, though the lesson is likely lost on him.

[Carnos Jax]

You may be right about his other faults, but as far as innovation goes, I don't think anyone has done it consistently as Steve Jobs has in our generation. Elon Musk has potential, but that remains to be seen...though he's off to a good start.

Keep in mind, most companies don't innovate at all. A small handful may have one innovative product during their entire lifetime. Apple under Steve Jobs has done it multiple times. He may have truly spoiled us.

[N-OS X-tasy!]

It may be time for Apple to find a new CEO, but they absolutely can not afford to let Cook leave the company.

[Carnos Jax]

I'm still of the opinion TIm Cook is good CEO for a post-Steve Jobs Apple, but I do agree that Apple can't afford to lose him regardless.

[Carnos Jax]

If I wasn't so fully invested in Tesla, I'd definitely be buying up companies like NVidia, Netflix and Apple right now, and hold on to them for a year and a half. These are fire sale prices right now. We've seen fallbacks and run ups like this in their histories.

[Bernie]

Apple product launches for 2019

Apple is expected to announce new products and services in 2019.
Reports have suggested Apple plans subscription services for its TV and News apps.
Apple will probably also announce new AirPods and will finally reveal the new Mac Pro.

If there is no new Mac Pro by the September show........Cook should go.
No new hardware, may as well be AOL.

[Bernie]

The end of upgrades? Apple's iPhone problem goes beyond China.

Cook, who appeared on CNBC to play damage control after disclosing the revenue shortfall, was "not that convincing," Ross Gerber, the president and chief executive of Gerber Kawasaki, said on Twitter. Gerber described Cook's leadership at Apple as a series of risks-not-taken, as other tech companies have soared by on genre-defining innovations or are betting on breakthroughs to come: "Lost IOT in the home to amazon. No # EV future, missed Tesla. No streaming future. Missed Netflix. Still could pick up some Disney. Time for Tim to go," he said, referring to Apple taking the bold step of buying Disney.

But Wait There's More!


Stocks Rot Following China’s Apple Boycott
When the US went after the Huawei founder's daughter, the Chinese government made Apple the target of the day, so sales should be way off," technology analyst Rob Enderle told AFP

[stephen]

Carnos Jax wrote:
I'm still of the opinion TIm Cook is good CEO for a post-Steve Jobs Apple, but I do agree that Apple can't afford to lose him regardless.

:agree: