Steve Jobs, CEO of AAPL, is taking a medical leave of absence, most likely due to cancer. We all die, even superstar CEO’s whose innovation changed the world. It’s just part of life–dying.
AAPL did not just invent cool stuff. They took the electronics market back from the Japanese, brought it back to America, and became a status symbol in the process.
Without a doubt, the absence of Jobs will be a negative for the company. However, AAPL‘s footprint is so big now, I dare say they will thrive with or without him. It’s not just a fucking computer company anymore, jackasses. And they are not simply selling ipods. The company has established themselves as the premier and dominant electronics manufacturer in the world. Any significant dips should and will be bought.
Let’s see if these guys are as dumb as the tag suggests.
NOTE: Just in case you didn’t know, we launched PDS 2.0, ever so quietly, a short while ago.
If you enjoy the content at iBankCoin, please follow us on Twitter
First in smart phones = RIM or RIMM. And smart asses.
I bought some Jan $345 puts last week…when I saw the news I had a fleeting moment of happiness at the windfall i am likely to gain tomorrow, but within a nano-second I felt terrible….that’s no way to make a buck.
you will not make a dime…..
pretty sure i will…
pretty sure your puts have already lost 50% of their value…. doubt it
we’ll see…i bought them thursday, so i very much doubt they will lose value before the earnings announcement…apple will clearly open lower and I will take my gains immediately. won’t be waiting post earnings for them to collapse.
bought 100 shares premarket at 330….looks like i made a dime….now i might just stay long aapl
No need to defend yourself. You are not the cause of his problems. Not much different than betting on hurricanes. Bad shit happens wrt what we want.
FD: I have a bet on riots.
how does one bet on riots
Long SWHC and RGR.
and ASEI.
That would make you a ghoul
i just bought a smidge to hedge my overall portfolio on the off chance that earnings season disappoints…i figured if things go badly the high-flyers will crash the most, and i can get some good bang for my hedging buck.
Remember, the 1st stage after euphoria is denial!
Urchins; Urchins ! Leaving for Tokyo on Sat – will partake of some Uni while drinking some Juyondai sake.
Maybe Apple will move away from their love of proprietary parts/apps. I would buy stock then. I would even buy an apple computer in a nice ATX case. Power supply blows out? simple! replace power supply… no need to go to hipster store and buy some fancy special part where you’re paying extra just so people can’t use 3rd party parts on the computers.
until then, i have no need or love for apple products or stock.
So if they ruin they’re highly successful business model, then you will buy in?
Didn’t Henry Ford die at somepoint? Seems like they did ok.
I wouldn’t short AAPL either.. I think they will do fine too. I just don’t get the attraction.
AAPL will thrive but we will say a prayer for our brother.
and here are some helpful hints for our other bruthas:
http://www.youtube.com/watch?v=uj0mtxXEGE8
A speedy recovery to Mr. Jobs, and a Happy MLK Day to everyone.
I plan on celebrating by watching a DVD of Malcolm 10’s childhood years with his parents,
Reese and Dewey.
Do we have a clip ? …. Yes ?…… Let’s watch:
http://www.youtube.com/watch?v=1UFE6vRBdTw
>>However, AAPL’s footprint is so big now, I dare say they will thrive with or without him.<<
You have no idea if this is the case. Burt Rutan has conceptualized one brilliant aviation machine after another, and I daresay that without him, his company's engineers would have been "just another bunch of engineers". Who is the Burt Rutan of Apple, if not Jobs? If Apple doesn't keep innovating at a very rapid pace, it will become yet another commodity gadget-maker. Look at Sony these days, or Motorola three or four years ago, and that could be a Jobs-less Apple.
itunes
Right, absolutely brilliant… and from Jobs.
And now music and video distribution is available all over the place (and the trend seems to be towards open architecture). So, who at that company will come up with the NEXT iTunes, and the one after that and after that (vs. whatever long string of crap ideas Microsoft keeps “creating”)? There’s a very real danger that where it truly counts (i.e., innovations that people truly want when, often, no one believes they will), Steve Jobs *is* Apple.
They don’t make much off of ITunes. However, it is badass and the reason Ive spent a bunch of money on their devices. I’m now locked in and have no desire to repurchase my library
A day of hope and inspiration for us all:
http://www.youtube.com/watch?v=1UFE6vRBdTw
Of course those loathsome ghouls and deadenders at Zero Hedge are having orgasms over Jobs illness. Anything that would take the market down for any reason they will grip onto like a virus.
If there’s one freaking website that just annoys the shit out me and I wish would be forcibly closed down and the remains thrown at sea , it’s Zero Hedge.
They trying to scare and panic the crap out of Apple stock holders.
Scum bags.
I second everything J said.
Not defending them, just saying, if they didn’t do that someone else would.
There’s market demand for scare-ers and scared-e-cats.
Appetite:
It’s one thing to discuss events, bad events like grown ups and try to predict market outcomes. Le Fly does that all the time and says so. No one has a problem with that.
However it’s another thing to pine for disasters so that you can be seen to be right. That’s ghoulish.
The Market will sell off and Jobs is just an excuse.
One cannot escape the funnel forever, you know.
__________
They (ZH) seem positively giddy about Jobs illness. While they probably shorted apple for other reasons, once established in a short position that is a big loser they glom onto any shred of hope that they may have been right. It’s all about being right.
1 question – if AAPL opens up UNCHGED, will you buy or sell ?
neither.
Let’s not forget Pixar, this man is an absolute genius and innovator.
God bless Mr. Jobs.
Apple TV, own the means of transmission, receipt and content.
I really do agree with The Fly on this matter. Let’s make the best of it!
“If there’s one freaking website that just annoys the shit out me and I wish would be forcibly closed down and the remains thrown at sea , it’s Zero Hedge.
They trying to scare and panic the crap out of Apple stock holders.
Scum bags.”
As opposed to the pump and dump you see everyday by CNBC and the other fucktards in the financial media?
Who are the real scumbags? The bubblemaking has caused people to lose 50% of ttheir 401k’s in the past 10 years. The S&P is down 20% over the last 1o years.
I am no huge Zero Hedge fan by any means. Pumping gold on a daily basis is not my kinda investing. However, at least they present the case for not being in stocks which IMO is getting stronger and stronger each and everyday.
The real scumbags reside at the Fed as they force people to take risk as a result of their zero rate bubble making policies.
“As opposed to the pump and dump you see everyday by CNBC and the other fucktards in the financial media?”
exactly.
My 401k is not down 50% over the past 10 years. Matter of fact it’s up… quite nicely.
To quote someone else
‘No worry, AAPL will continue to produce overpriced fashion accessories and addict the weak minded, then turn into Palm’
Why does everyone waste their time and effort reading that crap? It’s like getting all worked up over “Mr. Blue Blazer”. It won’t help me trade better. It won’t make me a dime. I have better things to do with my time.
Just say a prayer for Jobs and move on.
BTW, I remember the AAPL years with Scully. I’m not terribly optimistic about the company with Jobs. Maybe they will continue to innovate at a high level. I don’t believe comparing AAPL to Ford is particularly helpful. Henry Ford innovated processes and methods of business, not consumer designs.
Damn! EDIT: without Jobs…
And now, a message from the President of the United States :
http://www.youtube.com/watch?v=qv9VDSIm_Oo
I laugh every time I see that, and I think it’s mostly because of that woman they found to play Michelle… she could be her twin.
_______
the dude combing his chest hairs. i’m dying
I am glad to read Fly’s vote of confidence for this great American company. Wouldn’t it be great that many more investors will buy in to support the company/legacy at this sad moment?
Very funny.
One can save oneself all the time that one uses to read Zero Hedge & to watch CNBC. Just get a tape recorder and tape yourself saying “The market will go up” over & over & listen to it every time you feel like listening to CNBC.
Then tape yourself saying “The market will go down” over & over & listen to it every time you feel like reading Zero Hedge.
What will U do with all your new free time now?
Jobs is great, and I am sure there are plenty of other creative folks in the company too.
In his honour [sic] I am long black turtlenecks and Levis.
I was in Sayulita, Mexico, a few years ago, staying on the cliff house overlooking the bay. The place is right next to a very large cemetery. I was contacted during the night by the spirits from the cemetery. They told me, over and over, “La vida comienza por el otro lado.”
Life begins on the other side.
http://sayulitatequilajournal.com/wp-content/uploads/2009/08/1-sayulita-skull.jpg
My Sony Vaio laptop blew up tonight, so I’m posting this from my kids’ computer. Therefore, my post is likely to be extra juvenile. Question: Can you tell?
_____________
Jake get that nice 13-inch MacBook Air – travel light!
I believe I left specific instructions about not recommending any CRAAPL products.
I do not seek a career in fashion and design. Nor advertising.
______
Your fault for owning such a low end device. Buy a Mac
Sorry, I’m in Finance, and happily married.
______
Fuck your face! A small dark elfish man said to me once a pon a time.
buy puts and calls on apple and you make a da money.
As a friend of ours stills says. I nee to roll up my sleeves and get to work. In this instance, go to bed.
good nights to yous alls.
regards
chuck
You know what is so strange with all of this, AAPL reports after the close tomorrow, why the timing leading into earnings report? OK, Fibo Resistance is 400 longterm, 287 for support…AAPL at this level has no nearterm support to hold it if it wants to go. OK, getting back to my fav subject, Shanghai had a big drop on Monday and tonight it is flat.. The China Govt upped the bank reserve amount and is cutting lending. On a human note, having to deal with death issues last week….imho, death sucks and is really hard to deal with.
AAPL is over without Jobs. You gotta have a smart dictator to turn out great products. Without Jobs they’ll be reduced to a pile of anal engineers and designers who suck the marketing departments collective ass. Remember the Newton.
“They took the electronics market back from the Japanese, brought it back to America,”
All of their stuff is made in China, from parts made in Taiwan and other places. The Globe and Mail estimated that Apple products are responsible for 1 billion dollars of the USA trade deficit.
I admit that I am personally responsible for about $1500. of Canada’s version of that.