Obviously, mighty Apple hasn’t lost its mojo

“Tell me if you’ve heard this one before. Apple releases a new product, gets rave reviews and has lines around the block at their stores, yet the press predicts doom and gloom for the company,” Bobby Owsinski writes for Forbes. “Well, we’ve seen this very scenario play out again with the latest introduction of the latest iPhone 5S and 5C.”

“Wall Street consistently shows that it has its head in the clouds and is about as far away from Main Street as could be,” Owsinski writes. “The example that I love the most is when a company issues an earnings report where things went well during the previous quarter and it actually turns a profit, yet their stock gets pounded because some analyst proclaims, ‘Yes, but it didn’t reached our estimates, so we should worried about the company’s health’ (this has happened to Apple many times)”

Owsinski writes, “Here’s the bottom line that doesn’t require a Wharton School MBA – you make money, you stay in business. You lose money, you go out of business. Apple has made a lot of money as it’s estimated $145 billion (yes, that’s with a ‘B’) cash on hand shows. I’d say that’s pretty healthy.”

Read more in the full article here.

Related articles:
Apple proves critics wrong with blowout iPhone sales of the new iPhone 5S and 5C – September 23, 2013
Apple destroys smartphone sales record: First weekend iPhone sales top nine million units – September 23, 2013

28 Comments

  1. Two weeks from now, the same cockroaches and jackass bloggers will crawl out of the woodwork running their same BS line of how the iPhone no longer has any appeal to anyone because Apple doesn’t innovate and the iPhone has a tiny display. It’s just so damn pathetic why they need to keep targeting Apple who only wants to sell decent smartphones to consumers. What is so wrong about that? Why are so-called Americans so down on an American company. Why should Americans happily keep buying South Korean products? Our trade deficit is already as bad as it is, so why make it worse.

  2. That’s all fine, Bob, but the fact of the matter is that you’re contributing to a site that has *consistently* been one of the worst ones re. Apple bashing.

    Check the archives: its been Forbes beating Apple like a pinata nonstop for the past year:closely followed by Fortune, WSJ, and that ultimate hit-whore New York Times (which started in practically to the day Steve was declared dead).

    So, “pundits”, how’s that crow tastin’ today? You’d think you’d really love the taste by now, as many years as you’ve been chowing down on it!

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