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Tim Cook Warns Against Trying to Interpret Supply Chain Order Rumors
Tim Cook broadly addressed recent rumors that Apple may have cut iPhone 5 orders on weak demand. That particular rumor gained significant attention, resulting in a notable dip in Apple's stock price.
Cook was careful not to address any particular rumor, but warned against trying to interpret single data points, even if they happened to be accurate:
Months of rumors about order cuts and so forth, so let me take a moment to comment on these. No comment on any particular rumor.Cook made the comments during today's Q1 Results conference call.
I suggest its good to question the accuracy of any kind of rumor about build plans. Even if a particular data point were factual, it would be impossible to interpret that data point as to what it meant to our business. The supply chain is very complex and we have multiple sources for things. Yields can vary, supplier performance can vary. There is an inordinate long list of things that can make any single data point not a great proxy for what is going on.
Tag: Tim Cook
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92 months ago
Analysts buy on rumors of unreal expectations.
WSJ picks up article by analysts with misinformation. Stock drops.
There is no accountability in the media anymore. It's a sham. The media chooses who they want to win regardless of the facts and what is actually happening.
WSJ picks up article by analysts with misinformation. Stock drops.
There is no accountability in the media anymore. It's a sham. The media chooses who they want to win regardless of the facts and what is actually happening.
92 months ago
Analysts,
Please continue to beat up on AAPL and drive its price back down into the double digits or lower. I need to buy a whole truckload of the stuff before they announce their television set and the market blows it up to over $1000/share. Daddy needs a new Acura next year.
Thank you,
Every investor with a clue about Apple ever
/how anyone can look at that P/E ratio and call it an underperform makes me wonder if crack cocaine is just legal on Wall Street these days or something
Please continue to beat up on AAPL and drive its price back down into the double digits or lower. I need to buy a whole truckload of the stuff before they announce their television set and the market blows it up to over $1000/share. Daddy needs a new Acura next year.
Thank you,
Every investor with a clue about Apple ever
/how anyone can look at that P/E ratio and call it an underperform makes me wonder if crack cocaine is just legal on Wall Street these days or something
92 months ago
So basically he is asking the shareholders to maintain blind faith in the face of disappointing results.
There's no smoke without fire.
There's no smoke without fire.
92 months ago
Damage control isn't nearly as cool as insanely great.
Tim needs to get back to his old job interfacing with the UPS logisitics guy
and Apple needs to find somebody with some vision and passion.
Just sayin'.
Tim needs to get back to his old job interfacing with the UPS logisitics guy
and Apple needs to find somebody with some vision and passion.
Just sayin'.
92 months ago
bottom line: why are we concern about apple's business? that's their business...
92 months ago
Damage control isn't nearly as cool as insanely great.
Tim needs to get back to his old job interfacing with the UPS logisitics guy
and Apple needs to find somebody with some vision and passion.
Just sayin'.
Image (http://www.instablogsimages.com/1/2011/12/07/1323251457_2.jpg)
Pure nostalgia. As likable as Woz is, and as much as he enabled Steve to do all these great things in the early years, and as much passion as he may have, Woz wasn't the visionary part of the equation.
92 months ago
While I have seen reports on the total number of iPhones sold last quarter, I have yet to see a report of how many were sold of the different iPhones models. If they really want to make that rumor go away, releasing those numbers is all that's needed.
There is, after all, quite a difference between selling an iPhone 4 and selling an iPhone 5 when it comes to profit.
Edit: There were lots of reports in September about how many iPhone 5 were sold. None now.
The last number I saw estimated that the iPhone 5 is 68% of iPhone sales... with the iPhone 4S and 4 at 32%
That's a huge drop in the percentage from a year ago... where the then-current iPhone 4S was 90% of sales... with the iPhone 4 and 3GS at 10%
Yeah... they generate less profit selling an iPhone 4. But thinking about it optimistically.... a sale is a sale. It's better than some other company getting that sale.
Apple's phones start at $450... which is a relatively high price across the globe. It's actually pretty remarkable that they sell so many phones despite that high starting price.
92 months ago
investors ain't buying it, APPL is down 10% in after hours trading. it's going to be ugly tomorrow.
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