“It’s not Tim Cook’s job and it wasn’t Steve Jobs’s job to give you a life. To fill in the gaps. They have/had a company to run,” Rocco Pendola writes for TheStreet.
“This isn’t a Roman slaughter or the running of the bulls or the Super Bowl halftime show where we expect (and receive) climax after climax and nonstop action. This is tech. This is business,” Pendola writes. “Like it or not, Apple needs to do relatively uninspiring things from time to time. Sometimes, it will just lay there and not give you the time of your life with every single piece of news.”
“NEWSFLASH! Apple already enriched our lives,” Pendola writes. “It has changed the world several times over in the last few years. Want perspective — okay, fine. It changed significant aspects of our lives.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “JES42” and “David E” for the heads up.]
Rocco seriously needs to shut the F up. He is the new Moritz at the street. A pro at hit whoring. He hates apple more than the banned by sec Henry Blodget. Dont believe anything he says. Time will prove im right.
True,but whilst being good in the innovative stakes,it is being run badly as a business. The cash horde is not being put to use properly and it belongs to the owners of the company, who are the shareholders, a minor detail that seems to be lost on Mr. Cook
First off, there are very few “stockholders” in Apple. Holders are people who invest and are there for the long run. That is not the case for many of those who currently retain Apple stock in their portfolios. The stock manipulators do have a piece of the cash horde – it is reflected in the stock price. Also, the MBA brain distortion we have today, does not apparently value conservative financial operations and look what that distortion has done to our country.
What a laugh!
“…it is being run badly as a business.”
Oh, soooo badly. So pathetically badly.
“The cash horde is not being put to use properly…”
And your experience in running world straddling mega-corporations is what exactly?
This is as bad as that video that tranny up on YouTube telling everyone to leave Brittney alone. Grow up! Not everyone is going to like you and if you set up a growing field of loyal customers who tend to become spoiled by your product output then you are generally going to let most everyone down.
Uh, what?
I think you’re to…eh…mature…to know what Yoyo was talking about. Don’t worry about it.
It may be possible that you are just as clueless about business as you think Thelonious Mac is about whatever Toyo’s diatribe is about. Immaturity is not a virtue but wisdom is.
i merely meant to hint that Thelonius Mac was too “old” to know Yoyo’s totally analogous reference.
So @bataylor, instead of bandying about euphemisms, how about revealing to us oldsters just what Yoyo’s post alluded to and how that reference was analogous to whatever it was supposed to be analogous to?
We’re waiting…
God you guys need to get a life.
but I’ll humor you…’why would someone be so overprotective of something in which they have no real vested interest.
The “old” reference: sounded like the good Mr. Thelonius didn’t remember the “leave Britney alone” member.
Now…you may go nlback to washing Mr. Thelonius’ mass.
Geez….nerds!
*”meme” sorry. Member was a Freudian slip.
You may chastize, belittle and demean my post now.
Apple is the company people love to hate. Firstly, Apple
Is different and secretive, and analysts hate that – it makes it hard to do their job: they have to write something, so they generally write nonsense. Secondly, many people are obsessed with image and don’t like to “run with the crowd” and see Apple as a fashion statement, or not… Thirdly, Wall Street can’t get their hands on Apple’s cash and that infuriates them.
Another issue is the American requirement to have, and state, a view on everything – even when you know nothing about the subject: the big mouth/empty head syndrome.
But, by and large, the biggest bugbear for many people is that Apple is “closed”, which has two implications: firstly if you want an Apple solution you have to pay Apple’s price (Samsung’s ripoff of Apple’s IP notwithstanding), and the other issue is that Apple keep tight control on apps and accessories, so you can’t always have your Apple product in exactly the flavour you would like.
As for Apple’s cash pile… We know from experience that Apple runs a long-term strategy, and they keep that strategy under wraps. We don’t know what they plan to do with their cash, but it is ludicrous to insist that they make their plans public or return the cash to their shareholders. Its a fair bet that Apple does have plans for their cash – and only a fool would suggest that they know better than Cook &Co…
99% of Apple criticism is just nonsense from people with an overinflated view of their own importance, who know little or nothing about the company, its products, or its strategies. It has always been thus – for years, the most strident criticism of the Mac was by Windows users with no experience of the platform.
Its just verbal diarrhoea…
It IS ABSOLUTELY TIM COOK’S JOB to run the company in the best interest of its shareholders. He’s not doing that. He allowed the entire top management team to off load their AAPL holdings, get insanely rich in the process, then proceed to drive the company in the ground by not doing anything about what everyone else could easily see happening – the Apple mobile device obsession overtaken by the competition who had no worries about selling inferior products with more features at lower prices. Or, maybe they just didn’t have a clue of what to do and that’s even worse. Tim Cook must go!
Your a Bozo
You’re.
you should change your handle to ‘chicken little’
All Tim Cook does is produce record sales and earning. Seems to me that is what he is supposed to do. Would you rather he gave product away and reduced profits?
Sounds like you got in at USD 700 and now you are licking your wounds.
I hope you’re as vocal over on education boards complaining about totally your teachers, principals, headmasters or superintendents failed you.
You are a Bozo first class!
That made me feel much better.
It’s becoming more clear by the week that all of the anti-TC rhetoric is nonsense. From a business POV Tim runs Apple very much like SJ did, and for the record (it’s not like it’s ancient history), WS and all other Apple naysayers would never shut up about Apple’s growing cash pile starting back in early 2000. Steve got endlessly whipped on this issue, and over a few other ongoing issues as well. The only area Tim is going to be a bit deficient in is true, out-front innovation. But that doesn’t need to be a worry because he’s got the team he needs to keep Apple on the bleeding edge. The only real, actual concern I have for Apple is that team thing. There’s been a lot of sour grapes, jealousy, and downright divisiveness at Apple, and my perception is that there’s been a lot of unwillingness to follow the leader that Mr. Jobs designated. The Apple team needs to get itself back together, fast, and the team members need to decide once and for all if they’re going to be a part of the most innovative tech team in the history of the computing world, and, Tim needs to figure out how to best facilitate that.
I’ve been investing in Apple through think and thin since 1986 by investing in stock, and, in product. In the mid 90s when even hardcore Apple fans we’re ready to jump ship I knew that Apple had the sense of innovation and the product to hang in there, and even to succeed – and the rest is history.
Apple doesn’t kowtow to WS antics and neurosis, nor to ours either. It has traditionally been a think tank that actually puts out, and it is always wonderful to see what’s next, cause we all know it’s gonna be the thing we all want, and it’s gonna be the think that EVERYBODY emulates, (read “emulates” as copies).
Apple was a great get rich quick investment for ten years, and now it’s transitioning into a great medium and long term investment. Grow up.
Cheers,
Stopping Apple-hate is like stopping stupidity itself. In fact, if one wanted to make a million dollars for oneself, tax free, start the First Church of Apple Hate, and worship a big blue screen of death with fellow Luddites..
EXCUSE ME!! “NEEDS” to stop?!?!?!? While you’re at it, tell your mom to tell your little sister to stop annoying you too!
Damn wussified pusses. No wonder Apple getting their A$$es handed to them.
oooooooo, stop not liking me everybody.
GET A PAIR
Here’s exactly why the ‘analysts’ are so down on Apple.
Many years ago, computers were difficult to use. You needed a tech-savvy geek with a huge ego to show you all the arcane commands, that you typed in by hand.
And then came the Mac, with the tagline, “the computer for the rest of us”. It totally negated everything that the ego-driven IT geeks had held central to their lives. Here was a computer that said, “you don’t need to know all that computer stuff, just use this mouse and start clicking”.
And they hated Apple for it, because it turned their world upside down, made them look like idiots, they’ve never forgiven us, and waged war ever since.
Now, we have a similar situation. Analysts advise investors about where to invest their money. People go to them for advice, because finance and investments are complicated and you need an expert to help you. Money is their life, it is central to everything they are.
Along comes Apple and basically says:
“You know all that money that you hold so dear, that is your entire waking existence and the central part of your job? Well, that just doesn’t matter to us. Yes, we’ve become the most valuable, profitable company in the history of money, but that’s just a side-effect.”
Apple has again, like the IT experts, made the analysts jobs seem trivial, meaningless and irrelevant.
And they hate Apple for it, because it’s turned their world upside down, made them look like idiots, they will never forgive them and they will wage war on Apple, to teach them a lesson.
Now the IT guys ‘war’ is to simply not allow Mac’s into their companies, or recommend them.
The analysts ‘war’ is to punish Apple by inflating expectations, criticising them for not meeting them, and then advise a lower share price. Which is exactly what we are seeing.
All because Apple care about the people who use their products, not those who administer them or advise others to invest in them.
Spot on! Programmers and website creators are the same way. Instead of making programs and websites user friendly and intuitive it’s like “hey look what I made!” One big ego trip for most of them.
100%.
Now, the analist dummies and pretend journalists that know how to move a mouse or to google, also consider themselves knowledgable “experts” so not only is all self measure lost, but with it too, all reality and truth.
Nice analysis!!!
Yup.
CNBC and Melissa Lee need to stop scaring Ma and Pa with constant negativity! It’s staring to get stupid!
P.S. Amazon makes .25 per share misses top and bottom line, stock rockets! Apple makes 13 per share,a milestone that Amazon probably will never reach, and stock craters! Go figure!
Apple has changed the way we consume media, and thus, left record labels, blockbusters, bookstores, CD and DVD stores in their wake. Cable companies are next, as soon as Apple puts its stamp on TV. guess who owns NBC/CNBC and the contract of Melissa Lee? COMCAST. A cable company. CNBC has a vested interest in trying to destroy Apple. Before Apple destroys them. Which will happen. And I will laugh.
Would be awesome! I can’t wait to cut cable cord and at same time have CNBC twist in wind. I’m really getting sick of Their constant bashing. They twist stories to fit their agenda. Melissa Lee seems to rejoice whenever there is any so called bad news. I have never seen such negativity for any company ever! If aliens landed they would think Apple to be the worst company in the history of mankind. It’s uncalled for and way overdone! Like I said above, it’s starting to get stupid!
All Apple needs to do is buy Disney. Then take its property, ESPN (and also ABC), away from Comcast and Dish and provide it for a $10 or $15/mo subscription on Apple TV. Picture the NFL, College Football, CART, MLS, MLB, NHL, and NASCAR exclusively on Apple TV and NOT on Comcast and Dish. How sweet that would be!
MDN take a hint and get rid of your inbred rabid comrades who have used you to spread this hate here with the objective of destroying Apple’s strong loyal and core progressive base…
Apple-Hate is the Tom Brady Effect in full…er…effect…
Underdog wins big. Fanboys irritate. The Might Fall.
Hey that was almost a haiku. …….I’M SMART :-%
Smart? Nooooo. You are a teenager with spots.
So much fun to F with Hipster nerds with antiquated telophony.
I don’t know why everyone is dumping on this article. He’s telling the truth – “Like it or not, Apple needs to do relatively uninspiring things from time to time. Sometimes, it will just lay there and not give you the time of your life with every single piece of news.”
Essentially, he’s telling the haters that it’s unfair to expect Apple to create magic with every move they make. Even magic runs out from time to time. And unlike a real magician who can repeat the same tricks to different audiences, you cannot do that with tech in today’s global market.
Just look at the difference in coverage given to Apple and Samsung’s recent results. Apple was dumped on while making more than $13 billion for the quarter, while Samsung was praised sky high for making something like $6 billion for their quarter (and this is a company that makes so many more varied products than Apple does).
I mean, the best quarter ever for the most successful tech company – in fact, most days the most successful ANY company these days – and their share price plunges? If that’s not hate or manipulation, I don’t know what is.
People are dumping on this writer because of is history of talking out of both sides of his mouth. He’s a professional short seller and sheister that will sell his mother to the highest bidder and half the hate he refers to comes from FUD and lies that he and his likes have been fine tuning. Now he cries because he probably gt burned and caught with his pants down…
He makes a relevant point here but he and the hate he instigated in the first place are the monster that has come back to haunt him and kill the goose that lays the golden eggs.
You reap what you sow.
Stick with Amazon , you know it doesn’t matter how they report. The stock always head up
Rocco is right. Hardly anyone is standing behind Apple abut instead, all the haters are trying to put Apple down as much as possible while Others are blaming Cook. For what? For being successful??
There isn’t a problem. It is good for Apple to cool down while they are tinkering for the next big thing.
I’m hardly worried (chuckle)
To all the money-obsessed whiners out there, here’s a tip for you: if you want to make a million dollars, start with two million and open a jazz club!
=:~)
Thank You Rocco for telling it as it is.
People are dumping on this writer because of is history of talking out of both sides of his mouth. He’s a professional short seller and sheister that will sell his mother to the highest bidder and half the hate he refers to comes from FUD and lies that he and his likes have been fine tuning. Now he cries because he probably got burned and caught with his pants down…
He makes a relevant point here but he and the hate he instigated in the first place are the monster that has come back to haunt him and kill the goose that lays the golden eggs.
You reap what you sow.
Anal-yst