Apple investors are better off without Macworld Expo

“Apple (AAPL) may have dropped nearly 7% on the news that Steve Jobs is blowing off Macworld, but according to Bullish Cross‘ Andy Zaky, investors should be happy he did,” Philip Elmer-DeWitt reports for Fortune.

“In an unpublished analysis of the company’s last four major press events — starting with Macworld 2008 and ending with October’s Spotlight on Notebooks — Zaky documents a pattern that’s become increasingly self-destructive,” Elmer-DeWitt reports. “‘All of Apple’s media events,’ he writes, ‘are met with crazy rumor mongering, irrationally exuberant speculation and undue rants about Steve Jobs’ health.'”

Elmer-DeWitt reports, “The result is that almost every Apple extravaganza since Macworld 2007 — no matter what news comes out of it — has triggered a massive sell-off of Apple stock.”

Full article here.

19 Comments

  1. “‘All of Apple’s media events,’ he writes, ‘are met with crazy rumor mongering, irrationally exuberant speculation and undue rants about Steve Jobs’ health.'”

    That was part of its appeal, actually. Sans the resulting stock sell-off, of course. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  2. @TommyBoy

    I love it when the shorts pound Apple… Just another opportunity to buy some more aapl on the cheap.

    There is no need for an uptick rule. Regulation will not save your hide… If the markets want to do go down, they will.

  3. The full article says that they think Apple cares less about it’s shareholders than any other company. I think that’s probably true – Apple cares more about how customers experience it’s products more than shareholder’s desires for more profit, dividends, right now.

    If more companies applied this philosophy instead of just to giving it lip service, they would be more successful and the economy would be in better shape.

  4. @thelonious

    …clearly deregulation is not the answer… so yes, regulation is most certainly necessary… if people are unable to see that fact then they are in denial or out to lunch or both.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.