“Apple just can’t seem to make anyone happy these days,” Cadie Thompson reports for CNBC. “Investors continue to shy away from the stock, which dipped below $400 on Monday after Peter Misek, an analyst at Jefferies, lowered his price target for the iPhone maker on Monday citing supply chain checks.”
“But investors aren’t the only ones running away from Apple. The company is beginning to have an employee retention problem that could pose a serious threat if it’s not resolved soon, said Trip Chowdhry, an analyst at Global Equities,” Thompson reports. “‘The stock price cannot be turned around if Apple can’t attract people,’ Chowdhry told CNBC. ‘The employees should come ahead of shareholders. Apple needs to treat their employees like gods.'”
Thompson reports, “After speaking to recruiters at tech conferences, Chowdhry said there is a growing number of Apple employees who see the declining stock price as a sign to jump ship. The Apple workers are instead taking jobs at Google, LinkedIn, Facebook and even Hewlett-Packard, Chowdhry said. ‘They look at the stock price and they feel that the future of Apple is bleak,’ he said. ‘They feel their talent could be more useful elsewhere than at Apple.'”
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MacDailyNews Take: Step right up, ladies and gents, the FUD parade is already in full swing!
Apple’s employee morale problem; stock drops to $400 amid reports of employee defections – June 24, 2013