“Apple’s stock price currently hovers in the low $520s, a far cry from the days of AAPL closing just over $700,” Mark Reschke writes for T-GAAP.
“Where Apple’s stock price may be headed is up for huge debate, and if you want to believe AAPL is moving to $800, then believe this,” Reschke writes. “If you want to believe Apple is in a free-fall, go here.”
“There seems to be an abundance of Kool-Aid for everyone of any persuasion,” Reschke writes. “Underneath all of the pop culture of stock predictions lies a fundamental question: Did investors ever believe in Apple, or was it only Steve Jobs that they saw someone worth investing in?”
Read more in the full article here.
I’m not at all convinced that letting a stock get into the multi-hundred dollar per share range encourages average joes to buy Apple shares, though that is not considered “Wall Street.”
I’m not at all convinced that the current state of high frequency trading’s effects on share trading is fully known or appreciated. HF traders don’t give a crap about whether a company’s share are at a low or a high P/E, only whether they can make a penny or two every millisecond.
Can it be that the “Wall Street” we see couldn’t be less interested in anything less than instantaneous millisecond by millisecond positive results, regardless of the effect on companies?
One thing is for sure… nobody believes in Tim Cook!
As soon as Apple boots this guy the stock will probably go through the roof.
Tim Cook has had more than enough time to prove that he is far from being able to competently run a complex, worldwide company like Apple.
For instance:
* Apple should’ve had a 5-inch phone some 2-years ago.
* A hybrid iPad Pro running OSX would have been revolutionary
* Selling out to greedy stockholders will ruin the company
* Maps, Forstall, Retail Chief, iMac release were sophmoric foibles
The fact that he’s gay has nothing to do with it, but my guess is that he’s a bottom-pillow-biter.
Nobody, except for Steve Jobs himself. Funny that.
I’m with orandy. Just look around. There are PLENTY of examples of exciting, innovative, competent tech company CEOs who are WAY better at Tim Cook. And, of course, their companies are making way more money. There’s, ummm…. ahhh. Well, at least, there’s… well… uhhhh. And then… urghhh.
Name a few who are available?
Pretty sure Sean is being facetious.
Facetious, indeed.
Hmmmm, “One thing is for sure… nobody believes in Tim Cook! …. Well, we can tell orandy sure does not. Hmmm, I hear Ballmer is available. I am sure you would love him. After all, look how well he has done for microsoft. /s
Is Tim Cook = Steve Jobs? Of course not. That is why Steve created Apple University. Its an Apple management school dedicated to keeping the ideals Steve developed alive and working at Apple.
Hmmm, maybe Apple should have a 7″ phone and a 22” iPad and all made of plastic so we have to buy a new one every 6 months and why update software when everyone is updating, you can just fragment the heck out of your software. That is all good, right.??? /s
Neither. Jobs got punished by the Street, too. After the iPhone was released the stock ranked something like 40% and stayed there for a year and a half. Apple has been undervalued this whole time, and it really took the shaft as it took on more measures to protect user privacy. The high-flying companies all have big data collection initiatives, in car anyone hasn’t noticed.
Uh, didn’t the stock peak long after Cook took the reins?
Yes, it wasn’t until well after Steve passed away that the stock went as high as it did. In fact when that tragic day did occur the stock didn’t tank either.
Wall St. would be correct. Business is lead by people. When the leaser has a passion and a vision it matters. Tim is a great manager, but does he have the passion and vision for technology? We’ll see, but when companies hire either lawyers or accountants for business that demand creativity, vision and passion it shows. Companies that do not make money primarily off finance will flounder if they go with the Harvard guy.
Well certainly the “future expectations” value would be bigger if SJ was still alive, but that’s not Timmys fault, he is doing the best he can but unfortunately nothing will be good enough for WS pundits ’cause they always compare TC to Steve.
I think the only one who could give the impression of an almost-equal-visionary-to-SJ would be Elon Musk, he should be hired to Apple as somekinda Chief Technology Officer …that might give WS the “illusion” (justified or not) that Apple is worth 1000€
Think about it Schiller-Timmy-Ivy-Elon..what a dream team!
Scott Forstall gave Apple a youth appeal Cook, and Microsoft’s CEO, don’t really have.
Steve jobs was the “cool daddy”, that took LSD, and wore Lennon specs, and a turtle neck.
But Cook does a good job, and WANTS Apple to move forward.
In the end, it’s the NEW products Apple will come out with that’s important.
So, if Apple sells a gazillion NEW whatever the public loves, just how will the haters respond….. and Wall Street ?
They’ll complain it wasn’t two gazillion and declare, therefore, that Apple is on its way down.
Youth appeal? Because Federighi, Ive, Riccio and Cue are old?!?
Btw BoC , I agree, completely. and if the stock goes up 600, 700, 750, 1000 etc. , then it would be a good time for a split. 2 for one, four for one who knows.
Who can buy a 700,800,900,1000 stock. how many shares can average Joe buy?
Some people ay NO, not important, but a stock that costs less, CAN go up EASIER, because MORE PEOPLE (average joe’s), can participate in buying.
John Smith
Welll Damm… I was trying to be POSITIVE, but your NEGATIVE answer is probably correct….
It made me positively happy, to think of the negative humor.
When did Wall Street ever believe in Steve Jobs? It’s only since he died that people are re-writing the past, or only choosing to remember the highs. Apple stock had plenty of ups and downs on Jobs watch.
Wall Street never believed in Steve Jobs let alone Apple!
Just look at the share price after Steve Jobs now famous apple iPhone launch keynote as proof of that.
They just don’t get it at all.
It’s just as well Wall Street is using all that fiat QE money to fuel a bubble in equities anyway. Apple is better off keeping their cash and buying back their stock from the speculators.