Marc Faber says Apple reminds him of Polaroid, and that we could see the company go completely belly-up, with CNBC’s Jackie DeAngelis and the Futures Now Traders.
Well, basically, this is the kind of stuff I’m really not interested in. This is the kind of Polaroid of 1970. Uh, Dr. Land, who was the founder of Polaroid, has more patents under his head than anyone else in the world and Polaroid went bust. And, we have many other examples of high tech companies that just faded away… I’m not saying [Apple Inc.] will go bust, I said it could go bust – eventually. Not tomorrow and not the day after tomorrow, but it’s basically a toy company for grownups. – Marc Faber, October 15, 2013
Direct link to video here.
MacDailyNews Take:
An optimist will tell you the glass is half-full; the pessimist, half-empty; and the engineer will tell you the glass is twice the size it needs to be. – Anonymous
[Thanks to MacDailyNews Reader “DW Bowers” for the heads up.]
So could every other company in the world. Anyone can say anything like that.
FUD!!
No no, you don’t understand. It’s Apple that will go bust, because apple just makes toys for adults. Someday these adults will wake up and see that they’ve been hoodwinked by expensive, useless toys. THEN Apple will go bust. QED
[I’m being sarcastic]
So Marc, and every other clear-thinking, hard-headed grownup will be sure to fly only Delta — whose flight bags are Microsoft Surfaces. Who wants to crash land because the pilots are playing with toy iPads up in the cockpit?
Oh, and avoid the Mayo Clinic, even if you’ve suffered a stroke: they use those Apple toys internally for medical records, physician consults, and patient care.
Steve Jobs said that death was the force that moves things forward. Old brained people that want the world to go back to their childhood will die someday. And the world will move on.
Just a thought.
Old men and old thinking and ultra conservative values. He is the poster ‘old man’ for the decrepitude of the past.
The difference is Dr. Land of Polaroid pretty much focused on one thing – instant photochemical photography (and later scanners, etc.). Polaroid was not nearly as diverse as Apple is. Apple will cannibalize itself too in order to move on to the next thing. Marc Faber is a nitwit Super Anal-Cyst without a leg of sense to stand on..
Precisely. Apple is always looking to solve a problem consumers have, even if they don’t realize it is a problem. Thus the iPod, iPhone and iPad came about. Apple will be only too happy to do the same thing to the next consumer irritant it finds a solution to.
And that’s the difference between Apple and companies like Polaroid: Apple looks to solve problems with great technology; Polaroid looked to create instant pictures, which people eventually didn’t need because of computers, digital photo frames, and — ironically — iPhones and iPads.
IBM is an example of a company that changed to remain in existence.
Good point about Apple’s diversity. Remember the uproar six years ago when Apple dropped “computer” from its name? I think they were supposed to go bust back then too.
My Budwieser rep walked into my store today with a brand new iPad that he is using to do orders etc. It is replacing his 5 pound Windows tablet that needed 3 batteries to function during the day. Anyone calling Apple a toy company is completely full of crap, this device is replacing sales tools all over the US.
My Re-Bath rep did the same thing. No hauling tile samples, countertop samples, showerhead styles, faucet photobooks etc. Whole thing done on an iPad. Oh yeh, NO HERNIA either!
Apple going “down the gurgler” as they say in the UK?
Not anytime soon. Who pays these stuck-on-stupid analysts?
Why do these kind of articles get attention? Who is this guy? And, why do these clowns always pick Apple when making these grandiose ridiculous claims? It’s weird!
They pick Apple because 1) it’s the most successful company in the world right now. 2) it’s a guaranteed source of hits. Saying “Apple” to market watchers is like saying “Squirrel” to the dog in the movie “UP” 3) It’s true. It’s also true of Microsoft, Dell, Coca Cola, Wal Mart and every company in the world. Any company could be mismanaged to the point of nonexistence.
I have no idea who Marc Faber is but based on these stunningly stupid comments I’m guessing he just got out some sort of business school.
It’s the Goliath Syndrome: A person of small stature or having low self worth who attempts to bring down or put dents in a large successful company in order to elevate his standing, usually resulting in laughter or eyes that roll to the back of ones head, several times.
I have no idea who Marc Faber is. By the article he is an attention seeking loser as far I am concern. He did not pose the big question, which will come first end of the world or Apple going bust? It rank up there with P vs NP.
Kate Faber’s dad?
Mark Faber is an Influential ‘Contrarian’ Investor, correctly predicted a few ‘crashes’, and charges a premium for his investment advice. He is an Analyst by trade, and as MDN has amply demonstrated over the past several years, Analysts really don’t understand Apple, or have a Hidden Agenda. As others have correctly noted, saying ‘Apple’ in their opinion pieces is a guaranteed attention-getter. The Advice, however, is questionable. The problem with this advice, is myopia: it is more likely that Microsoft will go bust long before Apple ever does.
The world could end someday! It’s basically just a planet rotating around the sun.
Yeah, and since no one can see gravity, it must not really exist. right??
You mean a toy planet.
Marc Faber will go bust long before.
The thing is, we’re living through a communications revolution. Cupertino, CA, is the epicenter of mass communications innovation, and this idiot is calling Apple a toy company for grownups. Kind of shocking, actually.
Now that’s a prediction we can all live with.
I’d like to bust a cap in his buttocks. How does a company burn through $150 billion and not try to avert bankruptcy along the way using some counter-measures?
A staggeringly ignorant comment.
Some people are just fucking stupid
This would be a great saying to put on the back of a Tshirt.
On the Front: I’m With Stupid – – ->
Stupidity has a nasty habit of getting its way.
Another moron… Why do people listen or pay attention???
…And every financial analyst will tell you stories so they can make money behind your backs. Roll the bones!
Polaroid didn’t 150 billion in the bank. If Apple goes bust anytime before 2033, I’m going to loose faith in America and Capitalism in general…………
Polaroid & Kodak both stopped innovating or they would lead the digital photography world.
This must be the guy that founded Faber College.
Knowledge is good.
Toga party!!
=:~)
Remember when the Germans attacked Pearl Harbor?
Any company could go bust, and most eventually do. But not yet for Apple. That is definitely a little ways off. {eye roll}
And a pragmatist wants to know where the waitress is!
Nothing that $150 billion on the bank can’t solve. I dare say that the Jobs estate has another $10 billion or so to kick in when Apple’s gas tank reaches empty.
That is if the Obama administration haven’t racked up another trillion or do in debt sinking the dollar to levels not seen since Dutch traders bought the island of Manhattan for a couple of strings of beads and trinkets.
Replace “apple” with “microsoft” in his statement and it would make a lot more sense.
The world “could” also be hit by an asteroid next year, ending all life on the planet.
A lot of things could happen.
I thought that the point of an analyst or fund manager was to determine value based on PROBABILITIES of likely outcomes within a reasonable time frame, which for the stock market is really only about 10 years.
That’s the most blatant hit and run FUD attack I’ve ever seen.
A toy company for adults? Dude, you said that out loud.
We could be invaded by aliens. We could burn in the afterglow of the sun. We could run out of oil. I know you are going to die, and pay taxes.. How about them apples.
What do you expect? His nickname is Dr. Doom. Frankly, this reads like an unqualified endorsement considering the source.
“Uh, Dr. Land, who was the founder of Polaroid, has more patents under his head than anyone else in the world and Polaroid went bust.”
Thomas Edison -1084 US Patents, Edwin H. Land -535 US Patents
CNBC and Marc Faber are liars.
Marc certainly has the qualifications to excel in the Obama administration.
Reject the false messiah, Obama!
All Hail the illumination, goodness and wisdom of the True Messiah, botvijerk!
He knoweth EVERYTHING about EVERYTHING.
All truth floweth from Him.
botvijerk messiah for President!
verily, it just looks like I knoweth alleth compareth to youeth, jackasseth.
An optimist will tell you the glass is half-full; the pessimist, half-empty … We’ll it all depends on what is in the glass, so let’s define the contents first, before we rush in with the labels.
” toy company” lol… That says it all as to how in touch this idiot is !
Comunication, computing and informatiom trchnology is are toys to this numb nut !
MDN : if a glass is filled to half way, it is half full .
If it has been drained to half way, it is half empty.
Thus unless we know if the glass has been filled or drained, it can be called both half full and half empty, both view points are equally valid.
This site is run by idiots. Trust me, I know what I am talking about. I used to work for these clowns. They laugh all the way to the bank bragging that all they have to do is copy articles from other sites or wait for monkeys to email them links that they then post. Advertisers don’t give a rat’s rut. Ad space is ad space – even if the operators are arrogant, pompous and juvenile. Glad to be gone!
bravely spoken under an alias, Messala.
… and someday pigs will fly.
So hang on Samsung, Sony, indeed every consumer centric tech company cakes toys for the grown up. That sector is not going to go away unlike the sector where you are stuck producing horse and carts for businesses who won’t let you change but when a new player comes along selling cars they all start jumping ship. You know like Microsoft, Dell and Hewlett Packard.
Marc Faber has spiking his coffee today! A baseless comment with no support. Ignore him!
Let’s not forget ” Life changes and fades! “
Toys?
While it may be true that I play a lot, I use Apple products through-out the day. Other than sleeping, I’m not sure I often go more than an hour without touching an Apple product. True again, sometimes it’s for games, watching movies, or watching TV, but I’m also checking news, communicating, navigating, controlling other devices, and such… that is, when I’m not working behind one of my Macs every day.
Yes, Apple could go bust… and so could Exxon… “but Exxon is an oil company that we depend upon for transportation and energy”… I’d rather have my Apple products, thank you.
Mark Faber will go bust.
this report is BS, Polaroid and Kodak went bust because they didnt want to cannibalise itself, like holding on to film technology and fearful of digital destroying the film, so they withheld digital development, Apple is not afraid to cannibalise itself, so apple will innovate and move on, not go bust. Why are these writers allowed to write such garbage?
I think we have just witnessed an Analyst who has missed taking his daily meds
What is sad is that some will believe him and sell.
For Apple to go belly up would mean that another company would have to invent on a whole other higher level and establish an ecosystem, and we know for sure that won’t be Samsung or even Google.
Does this guy understand anything about product markets. The only possible motivation for his outrageous speculation is
:(1) He and his buddies are trying to cover a short position before Tim Cook announces the next phase oz share repurchase … closing the window and gain/loss equation on short plays
(2). He really knows nothing about the impact of connected mobile devices on our business and personal lives, because he’s living under a rock
MK
ALL tech companies are much more volatile because technology keeps marching on, and big companies find it hard to adapt to new paradigms. If you want safety, invest in staple foods and so forth. I would have to agree actually that tech stocks should in general be valued lower because nobody really takes this risk into account. So many stocks, Blackberry, Sun Microsystems, and many others were thought to be so great before they cratered. But I think Apple is better placed than most other tech stocks. They have the money to buy the future of technology, and their culture is more adaptive than most.
Apple reminds me of fruits, and fruits always get eaten, therefore Apple will be eaten.
Mcdruid reminds me of nuts, therefore he is.
Yes, Macdruid, and more fruit grows to take the place of that which has been eaten, just like Apple will continue to produce new and more flavoursome ‘fruits’ on into the future.
Marc Faber became known when he discovered
that Ken Lay of Enron was a crook. Marc Faber is no long looked on as knowing anything except the seat is warm where has been sitting. His statement is totally stupid. He is a no body in the investment world.
If iPhones, iPads, iPods, iMacs, iTVs and almost everything else Apple makes aren’t toys for adults WTF are they?
First and foremost I think we should all realize that Mr. Faber doesn’t “Get It”.
The IT in this case is the fact that Apple doesn’t make Toys. Not for kids and certainly not for grownups.
Until he somehow wraps his head around those facts he’s going to continue to look very foolish to the world at large.
huh where can we comment on that ANALyst report?
And the US can go bust one day. Wait looks like defaults a coming.
A realist will tell you the glass is 100% full – 50% liquid, 50% gas
don’t forget the glass itself is a solid!
Marc Faber is smart that he works on a TV channel.
Cook. Leave.
X. Piss off.
No the only way Apple loses is with Goldman Sachs. Finance as Monty Python showed years ago is theft and pirate rades!
Apple the innocent robin is in bed with the wolf!
Yawn …
Why not tell me in September 2012 ? Why say it now ?
Those who don’t learn from History are bound to repeat it … or something like that. Marc … the sky may fall!
The weak point at Apple today is, that the Fisher Price iPhone 5C is 100$ to expensive ..
Everybody needs their toys, especially adults. Adult toys have come out of the closet because everybody finally admitted they’re a lot of fun. And sexy.
…waiting for the smart vibrator as only Apple can imagine it.
A REAL engineer will proclaim the glass has the correct size, with a safety margin of 100%. An sales guy will then tell him to make the glass half that size, because “we can’t scale for worst case scenarios”.
Ah, a fresh dose of stupid for the morning. Thanks, Marc.
could, might, maybe. Some of the analyst favorite words because it makes their statements safe, it protects them. Any other words come to mind that they like to use?
I could have a heart attack. It might happen tomorrow. Maybe it will kill me.
Hey Marc, I’m now an analyst too. We should have dinner sometime.
So Marc: Now you’re just another Dime-A-Dozen Apple Bear Bullshitter.
Congratulations. Thanks for wasting our time.
Marc who?
Please hurry up and go bust, so iPad production ceases, and the brainwashed masses (and toddlers with iPads) become a thing of the past.
What a horrible world with all this screen tapping moronic behaviour.
Welcome to “lazuli. Alveo’s first master planned, multi-tower residential development in Cebu City presents you with a brilliant living experience: the mellow glow of a home that is exactly the size you need, balanced with the invigorating vibrancy of everything under the sun. Solinea Tower 1will rise at an ultra-prime location right across Ayala Center Cebu, a privileged starting point for navigating the city in style. Via Cardinal Rosales and Luzon Avenue, joyride through 50 hectares of the best places to work, live, and chill, cityscapes unbound and energized by green urban spaces.