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Did Tim Cook Lie To Save Apple Stock: The "Channel Checks" Paint A Very Gloomy Picture
Back in February 2013, Thorsten Heins, then-CEO of what was once the iconic "smartphone" brand Blackberry, publicly lied that its Hail Mary iPhone competitor, the Z10, had "record" early sales. He told CNET, that "BlackBerry nearly tripled the sales of its best performance over the first week in the U.K., while it had its best first day ever in Canada. In fact, it was more than 50 percent better than any other launch day in our history in Canada."
Less than one year later, and less than two years after he was hired, the ruse was up - Blackberry's US market share has fallen from 50% to 3% in four years – and Thorsten was fired.
Fast forward to Monday morning, when the S&P500 had just hit its first limit down in history, stocks were crashing, countless ETFs were crashing more as ETF pricing models were corrupt and broken, the QQQs were plummeting, and none other than AAPL was set to open at a price of $92 wiping out tens of billions of market cap overnight.
It is then that AAPL CEO Tim Cook may have pulled a page straight out of Thorsten Heins' playbook when did something nobody expected him to do - he panicked, and emailed CNBC anchor Jim Cramer to do what the AAPL CEO himself admitted the company does not do by providing mid-quarter updates, and assure the CNBC anchor that there is no need to sell AAPL stock.
Specifically he said that:
"I get updates on our performance in China every day, including this morning, and I can tell you that we have continued to experience strong growth for our business in China through July and August. Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks."
Needless to say, this stunning intervention by Tim Cook to arrest the plunge in AAPL stock succeeded, and AAPL soared from $92 to close back over $100, a gain of nearly $60 billion in market cap, in turn dragging the entire market higher with it.
Yet what many have found problematic is that in emailing Jim Cramer with what was clearly material, non-public information - how long did Cramer have possession of Cook's email, who did he privately share the information with first, did Cramer trade on the information before going public with it, etc - Cook may have breached Regulation FD.
We wondered as much in our Monday post "Did Tim Cook Violate Regulation "Fair Disclosure" By Emailing Jim Cramer To Save AAPL Stock This Morning." Nearly a week later, there is still no 8-K, even if grotesquely delayed, with what should clearly have been a replica of the statement made by Cook to Cramer.
So we decided to follow up.
What we uncovered may explain why Tim Cook did not want to publicly file his "all is well" email to Cramer: the simple reason is that Tim Cook may have simply been lying in order to halt the rout in his stock, a rout which incidentaly had little to do with concerns about AAPL's Chinese sales and was driven by the latest HFT-facilitated marketwide flash crash as we described previously.
Of course, accusations that Tim Cook is lying should be taken very seriously, which is why instead of relying on Thorsten Heins' pardon, Tim Cook's self-assessment, we went with the latest AAPL channel check out of GFK, Germany's largest market research institute.
For those who are unaware, GfK is almost universally accepted as the best source for end-market demand, collecting and aggregating point of sale data from servers at all major retailers, collecting real time consumer data, as well as conducting manual channel checks at smaller retailers. In short: if something is selling with an upward trajectory, GfK will know about it, with about an 80% confidence interval. And vice versa.
Here is the latest GfK data on Apple:
C3Q15 sell-out outlook:
- Apple’s global ex-NA outlook worsened slightly with the additional JUL/AUG weekly data. Units are now forecast to grow +2.6% q/q (prior +3.0%). Softer early AUG trends in China were only partially offset by resilience in Dev. Asia.
- In China, iPhone 6 demand softened in the final week of JUL, and remained at such levels in AUG weekly data (Figure 17). Apple, as a result, is expected to see more pronounced share loss in China than prior expectations, though units are still expected to grow +62% y/y.
- In Japan, iPhone 6 improved meaningfully in AUG despite no material ASP movements. Sony’s Xperia Z4 was most impacted following its short-lived demand uptick in JUL (Figure 18).
- Apple’s 3Q ASP is expected to decline -3.1% q/q (prior -2.5%); +6% y/y.
US iPhone demand
- Apple lost share m/m in final JUL data, with iPhone 6 & 6 Plus unit demand declining -14% m/m. This was worse than the -7% m/m decline seen for the 5s/5c in JUL-14 and was also weaker than GfK’s expectations.
- Apple’s US smartphone share fell, as a result, to a level below that seen LY (Figure 20).
- The downtick was more pronounced for iPhone 6 and drove the 6/6 Plus ratio from 4.2:1 in JUN to 3.8:1 in JUL.
- iPhone 6/6 Plus continues to significantly outperform the 5s/5c launch to date, with units +22%, only modestly below the +24% growth seen through JUN.
C3Q15 sell-in projection:
- 49.4m; +4% q/q; +26% y/y (prior 50.6m, +7% q/q; +29% y/y)
- International sell-out: 37.0m, -0.3% q/q (prior 37.2m, +0.1% q/q); +39% y/y (unchanged)
- US sell-out: 11.4m, +4% q/q (prior 12.4m); -2% y/y (prior +7%)
- Inventory build of 1.0m units (unchanged)
- Shipment ASP projection: USD667, flat q/q; +10% y/y (unchanged)
* * *
While the above data has a roughly 2 week lag, but considering the explosion of market volatility into the past two week period, it is certain that sales , if anything, deteriorated as the Shanghai Composite went red for the year (after soaring 60% two months ago).
So what can we make of the above data? Here are GfK's highlights:
- The Q3 outlook for Apple has softend notably as a result of weaker trends not only in the US, but in China - the place where Cook assured Cramer Apple has "experienced strong growth in its business."
- US unit demand declined 14% in July, far more than the -7% drop a year prior, and weaker than GfK's own expectations. This could point to substantial weakness over the next 6-12 months for Apple, considering last year, ahead of the iPhone 6 launch, the sales decline was about half of the current decline even without a major new phone rollout imminent. This may mean that the upgrade cycle was much stronger and/or shorter until now, and is starting to fade dramatically.
- The data started deteriorating before the recent rout in Chinese stocks and EM currencies (which make products such as the iPhone more expensive). Keep in mind most of the future growth for Apple is expected to come from Emerging Markets and China now that the US only accounts for a third of total sales.
So did Tim Cook lie?
If one uses channel check data to objectively determine end demand, the answer is a resounding yes. To be sure, Cook may be telling the truth in a very narrow sense, if Apple is simply be resorting to the oldest trick in the book at this point: channel stuffing.
The problem with channel stuffing is that it only allows you to mask the problem for 2-3 quarters at which unless there has been a dramatic improvement in the end-demand picture, it re-emerges that much more acutely: just ask AOL which was channel stuffing for months on end, only to be ultimately exposed, leading to a epic plunge in the stock price.
So is AAPL the next AOL, and is Tim Cook the next Thorsten Heins?
It all depends on China: if the world's most populous nation can get its stock market, its economy and its currency under control, then this too shall pass. The problem is that if, as many increasingly suggest, China has lost control of all three. At that point anyone who thought they got a great deal when buying AAPL at $92 will have far better opportunities to dollar-cost average far, far lower.
Oh, and to anyone still holding their breath for AAPL to file a public statement which may well contain an outright lie, you may exhale now.
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when you knock Apple today you knock GM yesterday and ROckafella or H. Ford day before!
That ain't American! Thats downright Bolshy; as they used to say!
Whats good for Apple is good for Eve and also for forked tailed America!
When it gets serious you must lie. To do otherwise is to sign your own corporate/political death certificate.
<Everyone wants you to tell the truth...except when they want you to lie.>
If I did what he did, comliance would have my ass, and FINRA would have my ticket....fucker
Someone from Zero Hedge please explain why you ban this clip
https://youtu.be/kgoFcyttk-s
Jim Cramer is nuts! He knows nothing!
Tim Cook, CEO: The "Baghdad Bob" of AAPL!
My SPX 1750 weekly puts that I bought for $100 on Friday that opened at $3600 on Monday morning but dropped to $1000 in the afternoon before they made their way to worthless on Friday, so they were materially harmed by a fraudulent statement that violated the SEC rules even if it had been truthful? Class action lawsuit material.
I think Timmy the Boy Toy may be stretching the truth.
A surefire sign would be if we see a slew of Form 4 filings from Apple executives.
<----- it was someone else
<----- Timmy sent that email
Nobody lies or cheats on wall st
Dollar-cost averaging AAPL paper far, far lower!!! LMFAO!!!
Fuck...beer just shot out my nose after reading that line!
Good luck on that play, bitchez!!!
That's going to be like rearranging the deck chairs on the Titanic as it goes down hard and fast like obama in the back of a limo on reggie! LOL
Oh, gee...sorry obama....was that too "ray-gayist" for you? You know...the new racist-gay word when you make fun of a black gay guy...kinda like that black gay homicidal scumbag who loved you so much who you got so worked up and psychotic about non-existent racism and then murdered the white lady reporter and her white camera man.
yes
as pointed out above, he turned the market around. Then the question was whether he was working with the PPT or not. If so he has a get out of jail free card.
If not, The SEC FINRA everybody becomes Sgt Schultz.
I've never been an apple guy. I just find Samsung to be a much better product. But what do I know?
He had a semen toxicity, so he is not responsible for his behaivor.
A bonfire of the Vanities.
True enough. Nor do governments ever lie.
Tom Brady cost me a lot, too, the deflating bastard. I saw him on the field yesterday. Several billion were riding on his cheating, Cook did less than Tom. Yeah, I know, weak argument, but still.
Dear Phucktard.
P1V1/T1= P2V2/T2....funny how none of the talking heads in the zionist jew media could find anyone who understood seventh grade math.....IT'S A SIMPLE FUCKING PROPORTION, you braindead moron Americans!!!
BREAD AND CIRCUSES....
"Tim Cook, CEO: The "Baghdad Bob" of AAPL!"
More like the buggering bottom of AAPL...
Turd Burglers don't think very clearly.
The "Baghdad Bob" -- or more likely Kneel & Bob
I think it is safe to say that any of us who work for a publicly traded company world find ourselves in a cauldron of s*** if we did anything remotely as stupid as this.
https://en.wikipedia.org/wiki/Jeffrey_Skilling
https://en.wikipedia.org/wiki/Kenneth_Lay
https://en.wikipedia.org/wiki/Jon_Corzine
https://en.wikipedia.org/wiki/Bernard_Madoff
http://blogs.wsj.com/venturecapital/2012/08/31/one-year-after-solyndra-c...
Is the Pope Catholic? Does a bear shit in the woods? Etc.....
is caitlyn jenner a man? things aren't balck and white anymore. is the pope catholic?
Once you go balck, you never go back.
And yes, and we'll see about that situation as well.
- Ned
Once you go black, we don't want you back!
I know a lot of Catholics who wonder if the Pope is Christian at all.
Christian and Catholic is not necessarily the same thing.....
Christian, Catho-ass-lick, who fucking cares. Your religion is a farce of ignorance forced on the idiots to dumb to think.
Spectacular.
I have a question. All religion or just religion for dummies?
Yoga,
I'll wager your religion invloves worshiping anothet man's penis and getting your O-Ring stretched.....
GAY BOWEL SYNDROME got you down?
and TWO, TOO, AND TO...... Look them up, and see what they mean before calling others dumb.
It is not so much the matter of Catholics or even the Pope. We can know neither's heart. It's Romanism ..
http://tuppersaussy.com/museum/html/writings/articles/15brienner.html
If it brought us two great wars, would you call that a Christian institution?
One thing for certain is that Cramer violated Reg FD. Cramer- a trained lawyer who has a history of front-running information he garnered as a result of his position with CNBC can't play the ignorance card here....
Cramer, a former hedge fund manager, who CERTAINLY knew the implications of Cook's statement instantly, should have been the one to raise his hand and tell Cook no, I won't broadcast this info for the same reason that I wouldn't broadcast this info if the CEO of a pink-sheet bucket shop made this same call to me- go file your SEC 8 disclosure and THEN come onto my show, dude.
Cramer surely knew that this information would spike the stock. Will be interesting to see how many of his buds were buying calls right before the broadcast.....
Your opinions are irrelevant for the following reasons:
1. You're not American
2. You're not white
Shouldn't you be in England raping 11 year olds right now?
We are talking about an American faggot here,Tim Cook, thats prolly partial to
little boys. Of course he lied, most of his life has been a lie.
From "the love that dare not speak" to "the 'love' that won't fucking shut up!!!"
New_Meat FTW!! :>D
One look and handle of the Samsung S6 and it's quite clear that Apple has serious issues on their hands. Since Cook took over at Apple all innovation there has completely ceased. Just a rehashing of the same old shit in a shinier package every year. I know what my next phone will be and it ain't an apple and this coming from a guy who has used iPhones since the first one came out in 2007 back when they still innovated. Now all they do is release the same thing every year and try to look hip with their new "look at me I'm gay" CEO. Who gives a shit that you're gay Cook. What the shit did Jobs see in this clown anyway?? He's an embarrassment.
The Fed has been lying for decades to protect the hegemony of the US dollar. Every statistic is fake in the land of the free today.
Tim should get a Medal of Freedom or something for lying so effectively. Perhaps, he can be the next President. Or a Fed board member. He has proven himself as a great and effective liar.
The Fed is in way bigger problems then anybody thinks.
The last shortsqueeze for example has been prepared for over6 weeks and the intnetion was to create momentum and a spike back up to 18000 for the dow.
It failled bigtime and there's no seconds because the trades are getting crowded again.
They'll probably try it again before wednesday but if it fails then... you better be out of the system by then or park you money into commodity stocks.
The effect of the ongoing China collapse will destroy AAPL's numbers within months, revealing Cook's lying manipulation.
Luxury goods sales are tanking big time in Asian countries like Singapore where Chinese flooded to buy Rolexes, etc much cheaper due to tax breaks. The economy is slowing, the stawk market in the toilet and gubmint crackdown on corruption is taking their toll.
However, I found you can go into many side-street shops in almost any Mainland city and/or HK and get a Rolex for less then $20. Next time I go I'll look for a "Genuine AAPL" device also. I told one local official about these deals when I was there an dsaid he overpaid for his Rolex and he gave me that planet Mars look. Have no idea why.
There's some great discounts on "Authentic" stuff!
Hey, maybe they sell them on Fleabay too?!
He will simply claim things looked good when he sent shit to Cramer. Not his fault things fell apart.
The only way we will know if he was lying is for regulators to investigate immediately, which will not happen.
Personally, I think Cook and Cramer should be subjects of a criminal investigation over this.
Tim Cook will be credited as the clown who took down Apple. Repackaged hype in new colors, short on innovation, the iFlop (aka Apple Watch), and now Gaystapo tactics for Apple Music. They need to get back to new product innovation,
and cut the crap with all the kneejerk lawsuits. And, no, product "innovation" is NOT project "Titan," aka the AppleCar--they will make Tesla look like the second coming if they pursue this sheer folly. SMH...
But, but but, they are dancing as fast as they can......
Just buy all the gold and silver you can afford. Very soon, you will be your very own central bank ..
https://youtu.be/80M4daI8tFY
https://youtu.be/u7tTdO6oxUA
And since I cannot afford anything right now, (no job, savings, bank acct. etc.) you can give me a finder's fee if you feel so inclined ..
This Apple article is another example of extreme homophobia. The writer should be ashamed.
(sarc)
Homos don't lie, they fib. And this is perfectly acceptable in the New Normal because of the homophobia and persecution they all had to endure. Probably racism as well. And they were, of course, all bullied by meanies.
They seem to do a pretty good job with serial killing too. John Wayne Gacy, Dahmer, Cunanan, the repulsive black guy screaming racism in VA this past week and the list is pretty extensive.
Journalists' Lives Matter!
Quite a puzzle for the manipulated press.
FHRITP
For 2% of the population, they sure account for a lot of the serial killers and mass murderers. Those two Columbine losers were gay for each other too.
If the Feds can seize rentboy.com records (to get blackmail evidence), they can indict Cook. I wonder how many gay people used their Ashley Madison membership and profile as a "beard." By the way, at the presser for the rentboy.com Homeland Security announcement, Jeh Johnson looked glum. Why?
Maybe Barak "Gay Bowel Disorder" Obama used Rentboy to find Ben Finkenbinder?
No way, their overrated phones are sellling really well, if you think they're in trouble, glance over to Samsung, HTC and the rest of the gang, also their great macs and ipads are also selling well.
They have to shrink, They benifited a lot from the boom by selling overpriced phones, but they have great R&D and execute very well.
I've posted this before. Apple fanboys are still in denial. Iphone has lost 4.6% market share since 2012, the worst performer of all the major smartphone makers.
http://www.idc.com/prodserv/smartphone-market-share.jsp
As Chinese cell phone makers get better, Apple will be wiped out of Asia if they don't cut prices. If they do cut prices, their margins will shrink globally.
On that note, here in Taiwan, I bought a made-in-China Infocus smartphone with specs similar to the iPhone 6. Not as pretty, mind you, but not bad. And for 80 bucks unlocked, what's not to like. I know the iPhone is a status symbol on the mainland, but given the income of the average Chinese consumer, with bargains like this, Apple's doesn't have a chance in the long-term.
AAPL needs to invent its version of the fitbit. However, I just hired a personal trainer for $12k a year to show me how to work my $400 fitbit that will then show me how often I need to get up and get some exercise ... walking down to the Krispy Kreme vendor downstairs.
Who's going to buy those apple watches for christmas? the Obama lgbtq junta?
Yep, all 15,330 of them.
Soon you'll be getting a free CRAPPLE with every $1 million cheese truck.
Only a rump ranger would want an iWatch.
The question I have not heard answered:
If China is growing at 7% which most of us acknowledge as bullcrap, then why aren't iAnythings flying off the shelves or is Cook building inventory to cover a collosal miscalculation on the demand side? His release on September 9th could explode in his face as most US users are max'd out to buying anything new beyond what they absolutely have to replace. Why would anyone upgrade again unless they are a wealthy coke infused addict to anything newer, bigger or better unless they have to?
AAPL is betting their future on a declining demand curve and the longs in that stock are about to get assraped severely.
Why would anyone upgrade again unless they are a wealthy coke infused addict to anything newer, bigger or better unless they have to?
Because the American consumer has an attention span of 10 seconds. I know people that change phones every 6-12 months even if they have to pay the fine for doing so. I think the term is "retail therapy."
There's no shortage of stupid people, but there is a shortage of stupid people with money to waste. With mobile phone companies changing their plans to "buy your own" phones, people will be keeping their phones much longer going forward.
Apple is all about your Torso. When you move down (from the head to the heart to the genitals) the margins improve. This guy says it best - and his heat maps in NYC and LA for who has Apple versus who has Android are AWESOME.
In short, Apple products are all about Sex and Mating. Seriously.
https://www.youtube.com/watch?v=XCvwCcEP74Q
DLD15 - The Four Horsemen: Amazon/Apple/Facebook & Google--Who Wins/Loses (Scott Galloway)
He didn't lie, he was just taking a wild guess based on the past perfomance of Apple.
When it gets serious you have to lie......
'To Tell You The Truth, When It Gets Serious, Don't Tell The Truth.'
What was it Sir Isaac Newton discovered about apples?
Well, that was before Newtonian physics was disproved as being the fundamental truth and before Financial Engineering found certain substances and processes that fulfilled certain criteria for Alchemy. All is good these days.
- Ned
Newtonian Physics is still a valid first approximation!
Newtonian physics is still valid. Relativity was introduced to subvert morals because now everything is relative...jk
So when do we see Cook and Cramer doing a perp walk cuffed and in orange jump suits?
Probably when we see Jon Corzine do the same.
Where is Jon Corzine?
Swimming laps in a $1Billion dollars filled pool (Of accounts holder's money that he stole) a la Scrooge McDuck.
Orange is the new black.
Seriously, who among Hillary's "advisors" permitted her to be in a badly fitting orange pant suit?
- Ned
{Yo, Sacrelige, Please Fix the Overstrike function. It works in preview mode, but not in actual posting.}
{{I'd suggest making a fake account as so many of the newbies have been doing recently, then u can get the full "customer experience"}}
Mr. Cook, "I fear thou protesteth too much....."
Whether he lied or not, the simple act of emailing that information to Cramer appeared to exude extreme fear (i.e. panic) on Cook's part.
It was perverse, in real time. I couldn't believe it was actually happening.
He was only doing his bit to help the PPT. He probably had their blessings.
for all we know the white house asked him to make a bullshit statement
"Call that Cramer guy at Teh Stock Market and tell him it's all good, plz. kthxbai"
yeah, that may be a stretch but my guess is he is too big to jail, has the right cufflinks, and is therefore of the untouchable caste.
Oh definitely, untouchable.
But if things get as bad that CNBC(or any other official gov spokesoutlet) becomes irrelevant, the governmental functions regarding justice won't be there either. Untouchable no more.
it's a good thing some brown skin guy trading in his mother's basement didn't try to pull that shit with his etrade and twitter accounts.
what kind of pussy junkster gives a reddie on this comment? Disfunctional sphyncter
Someone Thick.
NSA loves ISHIT.
Why cant you take the battery out again?
RIPS
Rips:
That way, the phone dies in like 24 months and it is time for a new one. We were talking about GE and Six Sigma yesterday--I guess GE's "proprietary" aging algorithm leaked out.
- Ned
The untouchable caste doesn't mean what you think it means.
But then again, he probably does remove the dung, before buggering his 'partner'.
The untouchable caste doesn't mean what you think it means...
you're right. however guyz like corzine are scummy so it fits in a way.
Just a little Newspeak, dude.
Tim Cook sure did do a queer thing the other day. Not that there's anything wrong with that.
the little faggot got his own jet airplane.
the little faggot is a billionaire...
He's a progressive, so he has the right to own a private jet and several mansions while blaming the middle class for globull warming.
"His gay boy-friends said,
Hey! Move a-way from there!"
So they load-ed up the jet
And they moved to Be-ver-ly"
Mizzz ... that is....
As is... Don't call me Bruce...."
The are still selling Brand New Iphone 3gs on Ebay and have been for years now.
That should tell you something.
How did Apple count those as being sold to the consumer?
You will also find Brand New Iphone 4 and 5 on Ebay.
http://www.ebay.com/itm/New-Apple-iPhone-3GS-8GB-Black-GSM-Any-SIM-Card-...
Meaningless. All manufacturers over produce to keep inventory on hand before model change. And for repairs and exchanges.
NOT meaningless. It is now impossible to buy an unlocked iPhone for Verizon and Sprint. If you are on those carriers, you are fucked into their mandatory 2-year rental program. My iPhone 4s recently died, when I found out I couldn't buy an unlocked 5 or 6, I said "fuck it" and paid $200 to replace the dead phone with a new iPhone 4s-- a product that would otherwise be impossible to buy ANYWHERE for Sprint and Verizon customers.
Momentarily thought about switching to T-Mobile and purchasing the 5 or 6, but those phones are $500 or $700 unlocked...you know what? TOO EXPENSIVE.
Apple and the carriers have fucked themselves into a corner with this bullshit. This type of shit is EXACTLY what you'd expect when a CFO is put in charge of a company.
Apple is fucked. Sell this pig short until the day Tim Cook is shown the door.
Wow! Mobile phones sound really stress inducing.
It's not meaningless, fanboy. Did they pull sales forward, which will end up hurting future sales? If all manufacturers overproduce, then why is it that only Apple always claims that they cannot produce enough phones for the demand?
Tim Cook used the word ' Greater China ' and ' activations' He may very well be technically and legally correct.
Does GFK track activations by mobile provider Apple partner in the area ? I don't think they could. Or we wouldn't be guessing every quarter how many iphones sold. And I don't believe Apple let them tap into App stores.
Probably the New Apple math, where they're counted as "activated" as soon as the shrinkwrap goes on the box.
Apple : Too Big To Fall.
My retarded inlaws CAN'T lose value in their Apple stock. How else will they afford this years' new SUV and their nightly trips to the local sushi joint? I mean. Won't someone please think of my retarded inlaws?!
Oh the humaniteez.
no, actually we don't and won't.
Your problem with your in-laws, enjoy. Any money coming your way from them? ;-)
Steve Jobs died of AIDS.
Only if AIDS is short for Apple Idiotic Delusions-of-grandeur Syndrome.
Because the form of cancer he had was entirely curable using conventional treatment, but he knew more than his team of oncologists so he overruled them and went on a macrobiotic diet instead. That gave the cancer enough time to spread to his liver at which point it did become incurable.
This has Goldman's fingerprints all over it.
It matters not to any "authority" if he lied, he can do as he pleases. If he wants to lie he can and he knows it.
He is immune.
Even if the fact that he lied was brought out into the broad daylight, the powers that be and the MSM would make a joke of it... It would be turned into, cool!
The just punishment will reveal itself when the stock plunges below the 92 flash crash low on its way to the 20s.
Schadenfreude.
Don't put all your apples in one basket...
Tylers, what part of "Rules don't apply" don't you get? Who do you think you are?
This is slander/defemation of character and I demand that a formal apology be printed imeadiately!
"... and I demand that a formal apology be printed imeadiately!"
When the Tylerz figger out what you are asking for, well, when the post don't happen, you'll know it is them.
- Ned
The evil of this is that Captian Cook did this so that the average Joe will be the "bag-holder". Cook couldn't feed this info to his big-boy buddies because he knew it was false pretense. My guess is that someone from JP, Goldman, or the White House Cabinet called Cook, and told him to do it (they'll make sure any fines are taken care of). The market dropped too much ahead of schedule for the Jade Helm martial law plan. They're wanting the timing to be just right for the ball to drop.
Ding, ding, ding....
The debate is irrelevant.
The entire NASDAQ revolves around half a dozen tech stocks. At least two of those companies (NetFlix, FaceBook) are completely irrelevant to productive activities in America. So America's "tech genius" boils down to 3-4 stocks. This is laughable. This is the stock market equivalent of the Kardashian Files.
This 2015 recession is about the CONSUMER - or the lack of one! There is NO global consumer now.
The Fed's game of zero-interest rates only brough consumer spending forwards. Why? Because US consumers are max'ed out on credit. They are living beyond their means. So-called "consumer spending" numbers were actually borrowed from future years of consumer spending.
GAME OVER!!!
The lemon has been squeezed. The Fed's models are nonsense. This Bear Market is going to be rough.
The Kardashians were enlisted as one of the original pushers of the idea of a social media platform to the "consumer". Most people weren't even really into the internet, beyond email. Enter extreme voyeurism TV.
And if we're honest, they're our royalty, along with Queen Beyonce. The whole thing is really just a huge cult of narcissism. Kardashian World, if baordmembers have their way.
I would not want to be a Kardashian when this shit really does collapse.
Those cunts will sell their asses a la pay per view and get butt fucked and make more mookie.
I hope to see them fucked to death by 4,500 angry BBC - literally dicked to death, and their carcasses fed to ravenous dogs
What consumers? What middle class in America? The middle class is gone.
I think that was the OP's point, too.
when will apple come out with it's own credit cards?? applecard? sears has one 0 int card for 1 yr which then has an interest rate of 25%..25%, cook's name is perfect: he cooked the books..finance crime is the next iphone.
Strange how he focused on activations instead of deliveries, which is how they book revenues...and does greater china = China plus all Asian countries with high activation growth (i.e. intentionally excluding all those that don't)? You can bet that the wording was vetted by lawyers before going out....the regulatory issues are likley considered cost of business.
Schwantz: used to be that recognizing revenue was deferred as long as possible to avoid the automatic tax consequences. Goddamn IBM went and fucked this all up with System 360 (you children prolly don't know about "Big Iron") (See Brooks and the SEI) where IBM was spending millions (back when that was real money) doing H/W and S/W development in New York City of all places, and betting a real high-tech company on their future.
So the Revenooerz invented a new way to stick their snouts into the stream with "recognition" along the way.
Fucked up engineering to a fare-the-well.
Just another symptom of non-productive events killing innovation.
- Ned
China wants all-SE-Asia = China and is actively seeking to accomplish this through economic and military ties. Today the only noticeable exception is Singapore, and that city-state just lost its guiding star - so downhill is the most likely trajectory there. Mainland China is simply too large, socially warped and culturally corrupt to be centrally managed without becoming a third-rate hard-line military dictatorship.
You say "third-rate hard-line military dictatorship" like it's a bad thing!
Apple is really a media company.
Good friends and I out at dinner one night in the Summer of 2010 predicted that Jobs would soon die, and Apple would then be run by a hack. We figured, that after some time, the finance and media powers that are would then maneuver to take over Apple for its MEDIA assets. The hardware assets would then be spun-off.
As a result, the media powers would gain control of the media powerhouse that is Apple for nothing, as the "spinoff" of the hardware "division" would pay for it all.
In a recent dinner discussion, we revisited this topic, and the consensus was that we may have been incorrect, in light of how Apple's stock had been shooting to the Moon--unlike NASA--but hey, there's still time.
Zion is a scheme, not an ethnicity..
Maybe Apple is a No Suh Agenzy thang v. NASA?
cook and cramer should be chained together into a permanent 69 position and dropped into the deepest, most fukushima'd part of the pacific ocean
Unit 1 is still open, prolly could get a helo pilot to drop 'em into the core.
Dante Alighieri would have been proud of that image.
Also, I can't believe my old login still works. I haven't posted here in like a year.
welcome back....i kind of missed your moniker (sean connery's comment in indiana jones and the last crusade)...they still haven't deleted my other two ex-logins...
I tend to think Apple is all down hill from here.
Their products used to be revolutionary, at least when Jobs was alive and at Apple.
Now their products are no longer revolutionary and Jobs is gone.
Any number of companies can do what they do, and they can do it much more affordably.
Yes, a lot of their technology was stolen, but the end-user does not care about that.
A lot of times the end-user is in an asle staring at 3 different computers - and they'll often purchase the cheapest.
H.P. and Dell make terrible computers, but they're still around because their computers are so gdamn cheap.
Microsoft has appeared to improve. Windows 10 is actually a good, stable operating system.
The Surface Pro 3 is a modern device that embraces touchscreen technology and mobile power computing.
I tend to think that now that Bill Gates is gone, Microsoft can improve. But the oppose is true with Steve Jobs and Apple.
It just seems odd to me that Apple still does not have a touchscreen laptop, and when you see the Surface Pro 3 - Apple has nothing to compete with that.
Apple needs to get back to making revolutionary products - that start trends.
Today, they're now behind imo. And no, I don't think their stupid watches are revolutionary products.
They're gimmicks imo.
Fucking apple. Obsolete in 2 years, unless you enjoy a glitchy...well, everything. And don't get me started on ipods. What a monumental underachievement in design, function and quality.
sort of like "The iPhone-it'll be dead in 6 months!" -Balmer or Gates, 7 years back feel free to add iPod, iPad iWatch etc etc-meanwhile people are leaving the antiquated Windows OS in the dirt-it is obsolete technology used by fossils and people in nursing homes-and chock full of security issues/ Also, MS/Windows gadgets are all made at FOXCONN in china
Well, I certainly wasnt praising Windows! Has this devolved into a Chevy/Ford Coke/Pepsi thread?
And the ipod, the classic model, the only one appraoching its retail value, is no more. Now you have the Touch, which shatters if you look at it wrong. But my main beef is that each new model(ipad, ipod, ipeed, whatevr) runs on updates that aren't retroactive to other models in any fully comprehensive sense, and Apple denies this, because they can. The majority of their customers who were really product-loyal have been replaced with a mass of "ooo shiny" seekers.
To be redundant, it's unnecessary planned obsolescence, and on a really insulting level. There's no reason they can't write proper updates for their older products. It's criminal really. They censor all of the complaints and discussions about this. It's a fucking hack company, full of awful ideas and flimsy service. Have you seen the ridiculousness that is their new OS? Yosemite? LOL
Apple STILL can't touch this...
Holy shit, the woodwork alone is awesome.
LB - you are flat out wrong when you say "Obsolete in 2 years" about Apple. I'm writing this comment on an early 2008 iMac that runs the latest operating system and works great. I also use an iPhone 4S that was released in 2011 which has worked flawlesslessly since day one and will be upgraded to iOS 9 when it is released this fall. If anything, Apple's hardware lasts too long which cuts into its loyal customer upgrade market.
That said, Tim Cook is in the slow-motion process of wrecking Apple - his little stunt with Cramer shows his lack of understanding of SEC rules and of his position in the world. As another poster said, Tim Cook is a bureaucrat, not a creator, and it shows. And in 10 years his hiring of Dr. Dre and Jimmy Iovine for $3B will be looked back on as the first obvious sign that Tim Cook had no idea what he was doing.
eh....ymmv I guess. Neither of my pristinely cared for laptops work anymore, the 2011 one or the 2013. Yosemite absolutely ruined the 2011. The sound constantly switches from the speakers to the headphones, and back. It makes it useless for working w music, or even watching a goddamn Youtube video. And yes I've done all of the bs resets and fixes. Yosemite is death for older machines. Apple is blaming it on simple age. Yeah, when the thing totally borks out after installing the new OS, this is their determination. "Buy a new one, sir/madam because this one is just over the hill". Yeah right. I mean just google it. And count yourslef lucky, I guess.
I might have exaggerated with the "2yrs" thing, but when yr spending $2-3K for a computer shouldn't at least its basic functions remain intact for longer than that? And don't get me started on the shrinking font size, which also just happens to be the most extreme on my models, 17 in laptops.
It is a monopoly though, which is how they get away with such abysmal service.
There was a time when Apple computers were much better than Windows-based machines. However, as technology has improved so has Windows which has resulted in an overall more stable operating system. And in the event that you do need to replace a pc part, chances are it'll be pretty affordable because there's a bigger market for them.
All of this to say - Apple was a great and inovative company who pushed the technology industry forward. They still make very good, reliable products. But they're no longer as innovative, and I don't believe their laptops or desktops perform any better than a PC version at this point. And even if they did, I'm not sure they'd perform well enough to justify the premium you have to pay to get it. You can go build a new windows PC for $500, or even cheaper if you use the open source OS Ubuntu which has come a long way to be viable to basic office users. I still find it remarkable they won't make a touchscreen laptop. I could see not doing it for a desktop - okay - that makes sense. But children today are growing up on tablets - they're going to want touchscreens and at this point Apple won't get around to the trouchscreen revolution until after we're moving onto holograms.
Care to reveal the model number of your divine 2008 imac that's running Yosemite? Because anything older than 2010 is stuck at Mountain Lion.
And about the iphone 4S running on ios9, try telling that to the 60 pages of users on the apple support forum that are upset because ios7 rendered their iphone 4S virtually useless when it permanently disabled their wifi connectivity.
iMac (24 inch, early 2008), Model identifier iMac8,1, Intel Core 2 Duo 2.8Ghz
Some of the laptops of that era will not run Yosemite because they were not Core 2 Duo.
My 4S iOS 7 experience was acceptable - a bit slower but everything worked (I use both Wifi and phone extensively). iOS 8 was actually a bit faster on my 4S than iOS 7.
No shit. Apple used to be one innovative giant. Their Macs are STILL the industry standard for design, film editing, and photography. But, their flagship Mac Pro didn't get squat advertising and marketing. Instead, they push new versions of iTunes, which suck beyond belief, BTW, and you get the damn Apple Watch icon on your iPhone screen whether you wanted it or not. And, you can't delete it. Their software programmers are on crack, and they still don't have a touchscreen laptop or desktop. Sad. At least my first generation Intel iMac lasted damn near 10 years, and I replaced it with a reconditioned 27" iMac for just over a grand...great product, but to buy it new is like buying a new car--overpriced. Activations vs. actual sales--that's bullshit voodoo accounting. Tim Cook is a hack who thinks he's morally and intellectually superior because he's gay.
I'm guessing Cook was cajoled into contacting the mad money host and geithner advisor after fielding panicked phone calls from dudley and evans.
NWO law does not apply to Tim Cook. America is an occupied state.
^^^This is the thread synopsis.