Say what you want about China bottoming, oil bottoming, Europe picking up steam and the U.S. red fucking hot, so hot, we need to hike rates and fast. The world’s largest company, the crown jewel of capitalism and slave labor, Apple, is ripping through the floor boards, inexorably lower, forcing Tim ‘Gay as a $3 bill’ Cook to halt his ‘experience’ on Grindr.
Forget about rate hikes. The decline in market cap for AAPL alone is a form of capital constraint or economic tightening. Over the past few month’s, hundreds of billions in market cap has disappeared. In the past two days, $50 billion in market cap has evaporated, along with it the legacy of a certain T. Cook.
There are two types of CEOs in this world–autocrats who manage/operate and innovators who create/take risk.
Apple is no longer run by an innovator, which is currently being priced into the stock for the very first time since Steve Jobs died.
It goes lower.
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tim cook son of john scully
To the 80s.
Stop with the buybacks, start taking some risks, release some innovative products (we know you are working on them) and quit with the incremental updates/iterative product releases. Time to stop playing it safe.
Oh, and it wouldn’t be so bad to acquire some solid companies with real growth
its not innovation that matters. all that matters is credit. credit validates innovation. lack of credit or miss-use of credit kills innovation. that is what our current system has come to.
It’s all true! I have proof, here’s a video of TC watching the slaves labor at their work. https://www.youtube.com/watch?v=0HrIAGxRHPI