“Ironic, isn’t that, that in this decade of CEO scandals and corporate duplicity, shareholders are punishing Apple (AAPL) — which in its last quarterly statement, reported earnings of $1.14 billion on sales of $7.9 billion, with nearly $25 billion in cash — for allowing CEO Steve Jobs a medical leave of absence?” John Paczkowski asks for AllThingsD.
“A timid group, Apple investors — risk averse and apparently too easily frightened actually own the stock. Faithless. Because to sell on this news, or any of the Jobs-related health rumors or reports the company has suffered this past year is silly,” Paczkowski writes.
“Because if Jobs were to leave Apple – willingly or otherwise – people won’t suddenly stop buying Macs. The iPod won’t suddenly go the way of the Walkman and early adopters won’t suddenly lose interest in the next gen iPhone. Yes, Jobs’s sensibility pervades Apple’s culture and its products, but that culture and those products are in not tethered to his health or day-to-day presence at the company. And Apple’s deep executive bench is more than capable of running it — and running it well — in his absence,” Paczkowski writes. “Apple will endure — with or without Steve Jobs.”
Full article here.
Robert Scoble got right to the point last evening: You are an idiot if you sell your Apple stock tomorrow
Well said. I’m hanging on. Hope most of the rest do as well.
Correct; Apple invented a huge loads of unique technologies and products while Jobs had nothing to do with the company during his absence.
For example, nearly every cellphone, printer and a game-box machine exists as it is now only because Apple wanted to create ARM and PowerPC processors back in 1990 and 1991.
Apple was unique and out of ordinary always ever since Job’s “magnetism” brought brightest minds to the company.
Here is another interesting viewpoint.
http://www.macobserver.com/tmo/article/steve_jobs_should_step_down_from_apple/
The title is a bit sensationistic, however, I would agree with his statement:
“since he would no longer be at Apple, it takes away the stock gamers’ ability to use his health to manipulate the stock”
kgh,
MacdailyNews’ SteveJack said it best – and first:
Has Steve Jobs become too much of a liability for Apple shareholders? – December 17, 2008
Why would all the people who think that Steve Jobs is Apple even want to own stock? Personally if I thoughhe was doing everything and was responsible for every single idea and decision I’d be too worried to invest in the first place. He could get hit by a bus tomorrow.
There should be no free rides, disclosure is important, but some people are getting far too carried away with one bloke.
@kgh and Broker,
Stuff and nonsense. Can you or those writers give shred of evidence to suggest that SJ’s position has hindered:
– the company’s sales?
– its product development?
– its ability to retain the best teams?
No you can’t and nor can they. All you can judge is the performance of the comapny which even in these ridiculous conditions is phenomenal.
All this shit is just about stock manipulation. For people like me, long 3 years and going to be a lot longer, we have taken a beating because of idiots like you.
Mac future market share is not about is Dell under cutting HR or some other PC box maker, that is the temporary distraction. Group them together.
Look at the estimated PC sales last quarter in the USA:
http://macdailynews.com/index.php/weblog/comments/19736/
• Apple sold 8.0% more than last year (1,255,000 – 1,159,300 = 95,700)
• Total PC’s sold 10.1% less last year (15,609,800 – 17,363,300 = -1,753,500)
• None Mac sale were down 11.4% (14,354,800 – 16,204,000 = -1,849,200)
Apple is eating their lunch (market share) and they can’t stop it. Keep you eye on the bigger picture. Apple is winning.
Don’t call me a wussie. Not only am I holding on to what I’ve got, I just added 220 shares (@ $80.99). I’ve iCal’ed myself for next January and then I’ll see if I’m stupid or smart.
true.
all these people bailing or gossiping about this shit are a bunch of pansies. equivalent to the average teenage girl going goo goo over who brittany or paris suck off the day before.
to all those keeping it cool, peace!
It’s all about volatility. Wall Street loves it. Has nothing to do with investing. As long as a stock is moving investors love it.
This is probably the least intelligent article I have read in a very long time. All we have from Apple was Steve Jobs. The company put him up as its icon, spokesperson, leader with no other person in site.
THIS is what happens when that icon disappears and all of a sudden, there are MORE people who work at Apple. WONDERS OF WONDERS!!!!!!!!!
Whether its narcissism or not, the company is being punished for its actions
I couldn’t agree with this fella more. Apple is on the right track. I think the iPhone is larger than most people realize, and if I had to bet, I would say that in time Apple will be the largest cell phone manufacturer and the Mac will enjoy far more significant market share.
Big talkers –
I will give them 10% of the rise in my Apple stock price over the next 6 months, if for the next 6 months they will give me 100% of the drop in Apple stock since last Friday.
Take the risk, you non-Apple-stock-owning bozos.
MDN: “Robert Scoble got right to the point last evening: You are an idiot if you sell your Apple stock tomorrow”
Well, so far today one lost $3.51 a share. 4% of the value of Apple – gone, poof, vanished.
Great call, MDN.
MDN how many shares of Apple do you own?
———-
Stock is bought and sold on future anticipation of events, not past sales or money in the bank. The question is the future of Apple without Jobs. It has been tried and it failed.
That is not a good omen.
P.S. Apple was once over $210 a share…it has dropped over 60% in value.
It’s not that people can’t take the risk with Apple itself, its the manipulators that are making this a white knuckle ride. You can place your bets based on what you think and feel Apple is going to do, but just try to figure out how people are going to f*** with the stock and you have problems.
I LOVE speculator stampedes!! Bought a bunch @80 last week when the rats jumped ship. Thanks! If it dips below $80 (though I think we’ve seen the end of THAT nonsense), I will happily buy even more.