“Certainly Wall Street was very unimpressed. Despite record sales for the iPhone and the iPad, and surprisingly robust sales for Macs, Apple’s stock price nose-dived on Tuesday,” Gene Steinberg writes for The Tech Night Owl. “Is that just a knee-jerk reaction, or will it signal yet another trend? Did the lower-than-expected guidance contribute to renewed concerns about Apple?”
“Well, outspoken investor Carl Icahn has made it clear that he, at least, has confidence in Apple, since he invested yet another $500 million into the company. Or maybe he was taking advantage of what he perceived to be a bargain price for shares,” Steinberg writes. “Now when it comes to Tim Cook, do his responses about Apple’s perceived sales and revenue shortcomings ring true?”
“One area that is sounding like a broken record, though, is Cook’s insistence that Apple’s ability to innovate remains intact, that there will be great products going forward this year, including some in new categories. That would seem quite encouraging, other than the fact that he’s said it again and again,” Steinberg writes. “Apple will face even greater pressure this year to produce something truly unique… You see, just product refreshes for 2014 will do nothing to vindicate Cook’s claim, no matter how good they are.”
Read more in the full article here.
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