“The reason for the company’s underperformance last year appears to be bearishness toward Apple’s iPhone sales path going forward,” Jamal Carnette writes for The Motley Fool. “More recently, multiple analysts have expressed doubts that Apple can continue its streak of increasing iPhone unit sales going forward. For 2016, Morgan Stanley analyst Katy Huberty expects Apple to ship 218 million units, a 6% decrease from the recently completed fiscal year.”
“While reasonable people can disagree about Apple’s iPhone sales, Global Equities Research Co-Founder Trip Chowdhry pulls no punches with his newest Apple commentary,” Carnette writes. “Instead of discussing the merits or limitations of the company as an investment, Chowdhry resorts to ad hominem attacks, calling Apple CEO Tim Cook ‘completely clueless.'”
“If you set aside the unnecessary rhetoric, and dig into Chowdhry’s concerns, his argument doesn’t pass muster,” Carnette writes. “Specifically, Trip Chowdhry blames Cook for fostering a culture of ‘bozos,’ and ‘destroying $486 billion in shareholder value.’ …Before you go call other people bozos, perhaps you should first ask if the moniker applies to yourself.”
Read more in the full article – recommended – here.
MacDailyNews Take: Trippy Chowderhead strikes again! Sounds like a movie title. Rated “S” for Stupid.
They only have 60 days left to either come up with something or they will disappear. It will take years for Apple’s $130 billion in cash to vanish, but it will become an irrelevant company … it will become a zombie, if they don’t come up with an iWatch. — Trippy Chowderhead, Global Equities Research, March 20, 2014
SEE ALSO:
Apple would be worth $1 trillion if market valued it like Steve Jobs-run company – January 4, 2016
Analyst: Investors have ‘zero confidence’ in Apple management – September 15, 2015
Analyst: Apple to unveil Apple TV App Store as soon as next week – October 8, 2014
Apple secretly developing a 3D printer? – May 16, 2014
iWatch: Apple is not here to entertain you – April 14, 2014
Fire Tim Cook? Absurd. Cook has added $140 billion to Apple shareholder value since becoming CEO – March 19, 2014
Apple can’t replace Steve Jobs, but it must try or something – March 12, 2014
[Thanks to MacDailyNews Reader “David E.” for the heads up.]