Jim Cramer, host of CNBC’s “Mad Money” progeam “felt that innovations revealed during Apple’s Developer’s Conference left the Street underwhelmed,” Lee Brodie reports for CNBC. “‘They talked about incremental positives and changes in the ecosystem,’ he said.”
“That not to say the developments aren’t important – they are; but they’re not likely to drive significant buying. ‘I don’t think they will create a mad dash to the Apple store,’ Cramer said,” Brodie reports. “And if tech faithful aren’t blogging about these developments and counting the days until the innovations hit shelves, Cramer doesn’t believe shares will rally in any significant way.”
Brodie reports, “‘Apple just didn’t provide the OMG factor that’s needed to propel estimates and therefore the stock, higher,’ he said. ‘And until they do I think Apple is dead money.'”
Read more in the full article here.
MacDailyNews Take: The facts do not bear out Jim Cramer’s assessment. Big surprise.
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#1. iOS 7
#4. Mac Pro
#17. Apple.com
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I ,for the life of me can’t understand why anyone listens to this wank. His market performance has been proven year after year to be no better than randomly picking stocks, and yet people hang on his every word. Does Apple have to hit a grand slam every time the step to the plate to be relevant? If that were the case their opponents didn’t even make it to the game.
OMG they killed Kenny… you bastards!
OMG iWork in the cloud working on the PC… you killed Microsoft while Cramer blinked… you bastards.
Cramer has two audiences; those he’s really serving and the rest of us. He has two stories to tell as well. His story here is to get the naive investor to sell on “bad” news (remember he has no interest in the technical reality) to create a downward pressure on the stock–on which his friends buy in. This fall he will be “surprised” by Apple’s offerings, issue a positive report, AAPL stock will tick up on a ‘buy’ to the naive buyer making a profit for his friends when they sell on the spread.
Why would Cramer or any analyst give us real information; he’s just attracting patsies to leave the hot potato with.
None of what he says has anything to do with Apple as a company, with Tim Cook or the late Steve Jobs, with Apple products, innovation, or the industry; he’s there to hustle the naive investor (by which I mean anyone who actually listens to him) to buy when his friends want to sell and to sell when his friends want to buy. His objective is to ensure that it’s only his friends who sell high and buy low.
What do they want for an OMG factor… for Tim Cook to part San Francisco Bay and lead the Mac faithful from downtown SF to Emeryville?
Really… this sort of comment does nothing more than point out that investing is simply another form of legalized gambling.
What a tool.
Apparently he missed the standing ovation from a developers convention that sold out in 71 seconds.
iLove APPL, Cramer doesn’t have any idea about technology, he is an old man needs to catch up with modern techs. However, it’s best if he just sitting @home sipping tea and watching porn movies. BTW, don’t forget taking Viagra Cramer.
I was in the Corte Madera, CA app store the day before the WWDC. It was packed. There is already a mad dash to the Apple Store. Cramer is, as usual, a man whose opinion changes with the wind, not a prognosticator of any future for Apple or AAPL.
Note the first three letters of “assessment”
Anyone who takes 5 minutes and goes thru the new Mac Pro section on Apples website here: http://www.apple.com/mac-pro/ will get the “WOW” factor times ten.
THAT is uncopyable and truly revolutionary.
I can see a less powerful consumer version of this down the road.
The consumer “cube” failed because of price and being headless and handless, not because of design. With the Pro, Apple brought back the cube on massive steroids. A triangular heat sink…who ever would have thought of that.
Jobs is beaming over the new Pro…revolutionary.
Holy shit!
OMG, OMG OMG!
Thanks for posting the Mac Pro link. Absolutely breathtaking!
Apple pleasantly surprised me and actually over delivered yesterday at WWDC in my opinion. iOS 7 is a real winner and the Mac Pro is a radical new product that is very exciting. I was also quite pleasantly surprised with the changes/direction of OS X with the unveiling of Mavericks too. Cramer couldn’t be more wrong…again.
I’m looking forward to a sex toy company designing a dildo reflective of the design of the new Mac Pro. With a hollowed out interior it will be perfect to insert into guys like Cramer who are full of shit.
I can just see Cramer’s reaction when he evaluates the sex toy company….”Ohhhhhh can these guys innovate my ass.”
Seems to me that there’s a continuous “mad dash” TO EVERY APPLE STORE WORLD WIDE from 10 am until 10 pm. These new revelations are only going to make the crowds worse. BTW, in case you didn’t know, Apple stores among ALL RETAIL STORES IN THE WORLD generate more sales per square foot than any other. F+ stock picker Jim Cramer has his head so far up his ass that he’ll never be able to see clearly again. What a maroon!
I can think of a couple things that would have been OMG in addition to the Mac Pro.
They could have put out an SDK for AppleTV along with a controller.
They could have added a new desktop two-handed multitouch interface that is larger than a mousepad.
Both would have been category busting new things.
But damn that Mac Pro looks sweet. Wish I need one.
Who? Jim Cramer? He still has a TV show? Why?
I like Jim but has has been really down in Apple for like a year now. He only reacts to Apple in what info he gets from others like so many do. He is no Apple aficionado. Still like him though.