Is it time for Tim Cook to leave Apple?

“Did you sense a certain note of urgency in Tim Cook’s holiday message to employees this year?” Markos Kaminis writes for SeekingAlpha. “I suspect that investors other than Carl Icahn might be murmuring something similar to the tune that turned taboo into truth at Microsoft this past summer. Maybe even because of the imminent change at Microsoft, calls for a change atop Apple (AAPL) might not be long in coming.”

“Apple’s stock performance has been below par since the death of Steve Jobs, and I think many would agree that there’s been a less innovative energy about the company since then as well,” Kaminis writes. “The stock’s valuation certainly shows a less confident outlook among investors. While none of it may be the fault of Tim Cook, who sure seems to me to be a genuine good spirit and leader, it still could lead impatient investors to call for a change in leadership without a quick shift in all of the above at Apple.”

“AAPL has appreciated at a dividend adjusted 53% since October 5, 2011, the day Steve Jobs died,” Kaminis writes. “That seems to show the company did not skip a beat. It does, anyway, until you compare its performance to that of rival Google or even the PowerShares QQQ, which is modeled to match the Nasdaq. Even Microsoft , which has struggled mightily to keep pace with its burgeoning competitors, has outperformed Apple since that tragic day in 2011… In my view, Tim Cook probably has a little more time to show shareholders that his leadership can return the capital appreciation that Apple investors had grown accustomed to… Still, it seems as though Cook will have to follow through in 2014 on the kind of amazing year he spoke about to employees in his holiday message. That is because investors, however enamored with Apple’s history, should be expected to exhibit a show me mentality and a focus on the present with money on the line today.”

Read more in the full article here.

MacDailyNews Take: As we wrote last February:

“Those who underestimate Tim Cook do so at their own peril.”

Related article:
Tim Cook memo to Apple employees: We have ‘big plans’ for 2014 that ‘customers are going to love’ – December 23, 2013


  1. Did you sense a certain note of urgency in Markos Kaminis’s hedge-row arguments in the article? Editor: Tut. More provocation, Markos, lest we fail to snare curious readers for page two. Remember our business model, and put those kid gloves back in your desk drawer.

  2. The author’s analytic premise, ‘if Ballmer could be ousted from Microsoft then anything is possible’ which he then extrapolates to a shareholder revolt against Cook, is laughable. Does anyone really take advice from this person?
    This is another example of the Wall Street mentality to strip equity from a company without regard for that company’s future cash needs.

  3. And people wonder why great companies are destroyed. Talk about draw failure from the jaws of success. Fact is if SJ had still been alive Apple would be very similar to what it is now (only ignorant sentiment might be different) it was inevitable that Apple would slow its growth it is simply a victim of its own success. It is a different company now Cook or otherwise and it’s about time these idiots realised the fact rather than ill informed potentially disastrous talk of change at the top.

    1. The author has no wisdom and the others have no common sense. Tim Cook is an excellent CEO and he’s been doing a wonderful job. He’s low key, gracious, genuine, intelligent and doesn’t have a big ego. How many others are out there that have what it takes to run a successful company? We could count them on one hand. This author should be ashamed of himself or have the wind taken out of his sales because he’s a first rate idiot. His employer should send him packing.

  4. Hm. Intelligent people know that Apple will be reporting their 1st Quarter Results in about 20-25 days. Let’s review this man’s “wisdom” when we get that data. I’m expecting a fantastic quarter, but what do I know? I could be wrong. The real impact from signing up China might take a little longer to exhibit itself in the data.

  5. I think there was some lag in product introduction. For instance the Ipad mini unveiling, it would seem that if Apple were out to capture that market share it would have been retina from the start, basically the model that we today, instead I think Apple was just trying to keep up. The Ipad air would have been introduced at that time also. The Ipad maxi (12″) would then been scheduled in place of the air. Those products were probably on the board somewhere, but the death of Steve Jobs and the ensuing regrouping knocked the timing off kilter. Innovation & marketing = timing. Apple is just out of sync thus looking like they’re following instead of leading. The reaction to the A7 chip leads me to believe Apple is taking the lead again!

    1. Yeah … and I can’t belive my car doesn’t fly utilising an impulse drive, it would seem that if Range Rover were out to capture that market share it would have been flyable from the start.

      Why they insist on making me wait until they can accomplish it technically is bloody annoying.

      1. What I’m saying is the tech was there, the death if Steve Jobs and the turmoil that followed put everything off schedule. It wasn’t completely new tech. Look how fast the chip upgrades have been introduced!

  6. well lets blame somebody even if they had nothing to do with it. Heads must roll ,analysts go on about how the c phone is not selling as well as the s (until actual numbers come out) opinions abound, nervous investors are further panicked by scalpers. institutions bid it down and load up and its all cooks fault ! he spreads the rumors and squeezes the stops .

    the dividend yeild compared to bonds is moot as well lets bring back Gil Amilio he had his pulse on the market!

  7. This is the whole point of the WS shysters. They want their man in there.

    Look for the Washington post to have lots of critical articles and news against apple.

    The new carnival barkers want to pillage the company. The bozo, the climate credit czar (company drummed up as a successful electric car innovator), Eric the mole and many other Barnum & baileys are salivating. The payola fund is so huge.

    Cook should see this. If I were him, do dividends not buybacks. This will screw the shysters. Also split the stock 10 (20) to 1.

    1. Also, too not be surprised if one Monday morning the great oracle will be on CNBC. The conversation will for this way ‘you got me Becky , I just bought gazillions of apple stock’ probably also call options. He will make a few billions on that day.

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