On Apple’s Continued Slide
So Apple had a shareholder’s meeting and since then the stock has dropped once again, this time to $430.
Personally, it’s understandable. Basically Apple absolutely has to release a new, innovative product this year. It’s all about building the best products. Doing so would do a lot to prove they still have what it takes post-Jobs. Instead what we get is the the same line about having great stuff in the works, everything is fine, we’re looking at new stuff. Yeah, that’s what was said last year, and pretty much everything in 2012 was iterative. Meanwhile, the iPhone is no longer clearly a generation ahead of Android, and the competitors are catching up.
Maybe I’m starting to wonder about Cook himself. Yes, he’s a stellar operations guy but maybe he’s just too nice – lacking that “dick factor.” Like take Sergey Brin’s recent snark while hyping Google Glass – that smartphones are “emasculating.” You may disagree, but note that Steve Jobs was never one to hold back the insults.
Now I am not personally suggesting Cook should be replaced as CEO, but I can guarantee that if Apple stock continues its slide, others will not hesitate to do so.
Anyhow… it’s time for some new Apple products. Everything else will fall into place if we get something bold and new. And ideally makes other people’s products look like crap.