“Trip Chowdhry, the Managing Director of Equity Research at Global Equities Research, is convinced that [iPhone 5C] will set a new record for the company,” Louis Bedigian reports for Benzinga.
“‘The new iPhones will be massively successful,’ Chowdhry told Benzinga this morning. ‘This will be the most successful product launch ever in the history of Apple,'” Bedigian reports. “These are surprising words from Chowdhry, who has been very critical of Apple’s managers. He frequently criticizes Apple for failing to deliver new and innovative products on a regular basis.”
Bedigian reports, “Chowdhry said that Apple needs to have a “complete innovation equation in place” and that it is time for CEO Tim Cook to move on to other work. ‘He’s an operational guy,’ said Chowdhry. ‘I’m not saying he’s a bad guy. He should be heading up operations.’ …Chowdhry also believes that Jobs, the upcoming movie about the life of Apple co-founder Steve Jobs, will evoke positive emotions toward Apple and its products.””
Read more in the full article here.
Someone needs better medication management…
Tim Cook cannot be fixed with Medication. He needs to release iWatch and Apple TV or be replaced.
Icahn. Nice bounce.
It is great. Icahn. New products soon. The poor shorts will need new underwear.
His involvement is good today but not necessarily long term. He is to say it mildly, very disruptive. He claims to be an advocate for the shareholder but that’s just a cover. Nothing wrong with making money and that’s what Carl is in it for. That’s why we all invest. But he has a track record of leaving companies in worse shape after he leaves than when he first got involved. You can bet that the folks in Cupertino were not glad to hear from Carl.
Do I take some AAPL off the table? At 488 it is double from where I bought in May 2010.
Wow Silverhawk1: You ride through the fluctuation from all those time?.
I bought at $44 and I’m still riding. Plan to ride this baby right into retirement.
I’m already retired and I have more AAPL bought at 142. I wish I could have bought at 44 but in our household investment decisions must be unanimous.
One rule of thumb that I’ve used… when the stock doubles sell half your shares. That way you can’t lose (unless you count the money you didn’t make as this puppy goes through the roof). 🙂
I’m lovin’ the stock flying high right now. Don’t stop!
Stupid me, crying a river, I sold them all yesterday!. Can’t smile now.
I’m crying I didn’t buy when it was under $400
Why would anyone sell a stock known for large swings when the upward momentum just started?
The upward momentum started in April when the price hit it’s low at $385.
Sorry! Up over $25 today alone!!!
Great news everywhere today. AAPL up $18 to $486
$489.72 now
I don’t necessarily disagree, though I do get the feeling that these guys makes this stuff up as they go along.
but…but…but I though apple was imploding and no one wanted iphones anymore??
The trajectory seems to be the same as the iPod when Apple introduced the mini/shuffle/nano. Take a great product and start working up variations. Those variations eclipse the original. Here’s hoping!
Bedigian had better be correct. The world has waited long enough. Too long, actually. Apple need not have waited for BB10, WinMob8, and Android 4.3 before releasing its next generation of iPhone models. That’s plural, with an ‘S’. Apple has all the resources it needs to be as nimble today as it was when it took over the mobile audio world with a comprehensive family of iPods, what takes so !@#$%^& long to see the new products, Cook?
I disagree. Apple has been wildly successful precisely because their product refresh cycle was NEVER shorter than a year (with the one single exception, in 2005, when 2nd gen iPod mini was discontinued barely eight months after launch, being replaced by the iPod nano.
The only reason iPhone is so iconic and coveted is because people know all the models (because there were only six of them in six years). There is no way Apple can make profits as it does if they were to accelerate that refresh cycle.
Expanding the product offering, that might be a better idea. Rather than selling two- or three-year old handsets (iPhone 4, still sold by Apple, as well as carriers) came out in 2010!), it may be more attractive to the consumers to have a “new” model at the retail price of that old iPhone 4 (~ $450).
I agree. Have been saying this from the beginning. The 5c will be one of the best selling products in Apple history.
And if it does exist it will also harm and dilute the brand… Creating cheap shit is not what made Apple successful.
So Trip Chowdhry does not know what innovation is?
And for God’s sake a really hope the 5C does not exist…