What TC has failed to do is addressing that idle $ 137B cash. He should step up stock buy back. Maybe it is the responsibility of Peter Oppenheimer to manage the financial side. And how about that Board of Director? As useless as the penis on a statue.
The market is tired of promises from TC: mind boggling product, the pipeline is loaded, China will be bigger than the US, and excuses like "constraint", "cannot address this issue", no indication of new innovation like NFC, form of payment, agreement with Disney where SJ is the largest stockholder, acquisitions by using that idle cash, 3D printing, etc etc. Yes, TC is not visionary, and only recycle the same product over and over again: iPhone which is being tweaked here and there, and yet, the market demands a bigger and better phone. Samsung is encroaching Apple and it will be too late for Apple to regain its dominance. Where is BMW motorcycle now as compared to Honda and the rebirth of Harley several decades ago?
There are too many analysts on Apple and the company is not a friend of Wall Street and we have an id10t like Brian White who gave a kiss of death like the number 1111, and now 888, and how about now Apple is trading at 444? Tried to be cute, and maybe reducing to 777, wow a jackpot.
Learn from history,in Dec 1999 Walter Piecyk predicted that Qualcomm would reach $ 1,000/share. Just like having a jinx when a sports person is on the cover of Sports Illustrated, Apple got the jinx of a PT $ 1,000 from Gene Munster and $ 1,111 from Brian White. Qualcomm never reached that thousand mark, far from it. |
