Everyone is making a big deal about some asshole billionaire from China, mocking Apple for being antiquated and old hat. This coming from a country that steals everything and is unable to create anything without using nefarious methods is rich, to say the least.
But there is some truth to what the Chinese and others are saying. As a loyal Apple user for more than a decade, I am utterly demoralized from using the iTunes Store. It’s slow, wonky, fucking stupid, and it doesn’t have any cool features.
For example: WHY DOESN’T ITUNES HAVE A SOUNDHOUND LIKE MUSIC IDENTIFIER? Why am I forced to use Soundhound to find the name of a song playing, forcing me to remember said song and then I am forced to type it into the iTunes Store? Do you realize how long classical music song titles are?
The fuck.
Also, and additionally, the iPhone is a huge piece of shit. Ever notice that? Just yesterday I was trying to offload a thousand pictures onto my computer. No luck. Fucker froze up on me, rainbow beach ball’d me, forcing me to walk away with a phone filled with too many pics and not enough memory space. For an additional bonus, it even nuked my wifi router.
The iPhone is a depressing piece of hardware. The software is indelibly worse off. The company is without a creative genius and instead stuck with an autocrat gay activist clown.
Analysts on average expect a decline in revenue to $52 billion from $58 billion a year earlier, according to Thomson Reuters. Earnings per share likely slumped to $1.99 from $2.33.
For the most part, this is Apple playing victim to its own success. The iPhone 6 and the bigger 6 Plus released in September 2014, make up Apple’s best-selling smartphone line of all time, and 2015 was the strongest year for the devices. In the second quarter, Apple sold over 61 million iPhones, and revenue in the unit jumped 54 percent from the prior year.
That makes 2016 a relatively slow upgrade year and presents particularly challenging numbers to beat. Gene Munster, an analyst at Piper Jaffray, said that the iPhone 6 was expected to produce a 15 percent sales bump over the iPhone 5 line, but it ended up being a 30 percent increase.
“The 6 really threw everything off,” said Munster, who recommends buying the shares and has a $172 price target, representing a 63 percent increase over Friday’s close. “When you’re pulling forward that much demand, you’re just naturally going to have a down year.”
Gene Munster is a fanboy. Here are the facts. Apple is going to post its first revenue deceleration in 51 quarters. Moreover, the iPhone 6 was a failure, solely judging by a stock price that has gone nowhere and seems to be waiting around for better news.
The Apple growth story is officially dead.
If you enjoy the content at iBankCoin, please follow us on Twitter
You have the whitest of white people problems, not sure how that is invest-able information.
Sell Aapl obviously.
Off topic……Have you heard about the “ultra-secret plot”?http://www.dailymail.co.uk/news/article-3557097/British-special-forces-troops-set-launch-double-attack-ISIS-Iraq-Libya-weeks-teaming-French-counterparts.html
The only good thing about Apple is the Mac Pro.
I am kind of partial to over $200 billion cash, myself.
Tru dat.
a bit misleading. repatriate that cash and taxes owed and it drops.
makes for fantastic headlines though.
Overseas cash is useless. So useless that they have to raise DEBT!!! hah.
I AGREE WITH YOU. This struck a nerve. I apologize for my rant that follows…
The operating system updates in last two years have not been any good in my opinion.
Itunes (being intensely attached to my music) has been a major disaster.
I couldn’t HATE iTunes MORE…too complicated: less advantages- it was far easier to maneuver before.
They got rid of Cover flow, multiple iTunes windows, gapless playback, column browsers – it was far easier to keep tabs on my own music before…Apple Didn’t Care.
They should have bought a decent internet radio company like Pandora – they WAY OVERPAID for Beats which had no listeners at all…just gadgety earphones?
People complained & they didn’t listen.
People got tired of Apple rearranging the way we had our music set up.
They tweaked minutiae & ruined features that people LOVED!
Following the proud tradition of Microsoft started, by producing and fine tuning user hostile software.
I just laugh when Mrs. Rabbit and Jr Rabbit curse their iGod when one of their pieces of “technology” goes on the fritz. They have to put all of their iThings together on the kitchen table when they get a hold of customer support. They look like they should be hacking something important when all they want to do is get an update install correctly. Apple is without top hat…
I’m still pluggin away on my Nexus 7 like a god-damned boss…
They lost their visionary. All they can do now is make mildly better better versions of their previous products. The minute they started paying a dividend, you caould tell the story was over: “we have no good R&D ideas, so our investors can probably do better than we can.”
They spent 5 times as much on dividends and bubacks than they did on R&D.
Bears were . . . Right on this one too several years ago (5ish) . Saying they were commoditized unless they had a new product concept. Stock&newsflow finally started playing catchup
I still admire their hardware and the ways that some aspects of their software work, but frustration with iTunes turned me into an Android customer 3 phones ago and I’ve never had much cause to regret it.
I’d be happy to go back if only they’d get rid of iTunes. Somehow.
It’s decrepit. The iTunes UI is confusing and non-intuitive. SIRI is a disgrace. iPhone and iPad are becoming pedestrian. Rumors of Apple building a car is worrisome. They need to reinvent themselves as they have done in the past. Apple is becoming boring. Well, at least it will be a long slow decline.
SIRI and Apple Mals are godawful for sure. Using the voice commands via ‘OK Google’ is the only way to go.
Maps* would be the word.
Didn’t see a clip of the Chinese billionaire but the pic made me chuckle, seemed like he was stealing the Steve Jobs stage delivery format while proclaiming AAPL is obsolete.
Apple hasn’t been aggressive enough about insidiously making everyday items smart. There’s a whole world full of gadgets to add that i to. Hell, maybe an iPipe might even work?
So true…Nest should have been iHome…etc…etc
No doubt that iPhone was connected to a Windows computer when it froze. Apple has not been a growth stock in my mind since they annnced a divvy and joined the DJIA, and it shoukd not be traded on the assumption of growth. It is still a cash cow. And you will pry my iPhone from my cold dead hands, even though that is a meaningless comment as Apple will drive the replacement for the phone as primary interface with the Internet. R&D spending is off the charts, and just look at that cash horde. But I am long Apple and have been for over a decade, hence the glib attitude.
1. Ask Siri to name that tune
2. Open iTunes and tap on music in lower left corner
3. Tap menu in upper right corner- all songs Siri has named will be listed
4. You’re welcome (and iTunes is still wonky)
This.
Come on Fly.
Also, copy and paste is a thing.
Even easier method:
1. Ask Siri to name that tune
2. Open iTunes and Tap menu in upper right corner- all songs Siri has named will be listed
4. You’re welcome (and iTunes is still wonky)
Off topic lunch observation… a small time local moving company truck is parked in sight. The name is “My Truck Buddy”.
Easier method would be.. if I ask Siri.. just buy the song automatically and put in my library with a 30 day refund option.
If I asked, you know I want it.
Let’s get over this hurdle. Computer algos already know what we want before we want it. Just order it for me. Quit with the asking.
Need something new stat…. but all this says to me is, the surprise would be upside. No position.