That's impossible. Everyone keeps telling me that Apple is dying.
At this rate I imagine Apple could lock the doors of all of its stores and pull the plug on its website, and it would have enough cash to pay its employees for decades.
At this rate I imagine Apple could lock the doors of all of its stores and pull the plug on its website, and it would have enough cash to pay its employees for decades.
Somehow it’s great to be underestimated continuously. But on the other hand the stock takes the toll with a low PE ratio (compared to other tech stocks)
It's the reverse of a pump and dump scam. It has happened every quarter for the last 21 years. I honestly think it was something SJ cooked up. It started happening just after he returned. My guess, he got John Dvorak in on the scam. That guy's 'beleaguered Apple' PCMag trolling was instrumental in driving the price down for years. Everyone would parrot it. Then, "bam" Apple produces a great quarter. I wonder if JD still does that schtick... You can make money without fail by buying on the dip before earnings announcements and selling on the news.
They'll probably burn $150b over ten years on employee costs, with 100,000 employees (present count). That's mostly ignoring the destruction of the stock itself, which would hit employee compensation and require higher salaries to offset.
By the time revenue starts dropping it's probably too late to fix.
When people say it's dying they're not talking about financials, and holding up how much money they made as a barometer of success doesn't mean anything.
Some people judge their success on how good the products are not how much money they make because lots of these people have been fans of the company even when it was doing bad financially.
All just seems like they have become what Jobs was describing here https://www.youtube.com/watch?v=-AxZofbMGpM and holding up the bag of money when they have shipped an objectively poorly designed laptop for 3 years now just reinforces that for some of us.
You can look up their cash and cash equivalents and get a sense of their employee costs, you don't have to guess.
You're buying a laptop for your college kid. Your choices: a thin laptop that requires $350 of accessories, a midrange laptop that is 4-5 years old, or a laptop that is expensive and has a defective keyboard.