By TIERNAN RAY
Sept. 13, 2014 2:42 a.m. ET
Apple has a couple of interesting challenges ahead—for itself and its stock.
Last week, at a lavish media event in its hometown of Cupertino, Calif., the company’s CEO, Tim Cook, unveiled a product in a new category for Apple (ticker: AAPL), one that has been littered with failures.
via Apple: Don’t Listen to the Doomsayers – Barron’s.
I agree with this thesis. What the doomsayers seem to overlook, is not only Apple the best smartphone company, it’s hands down the best PC company, the best digital music company, the best software in video editing, the most reliable easiest to use cloud service for vital stuff like email, photos, contacts, etc. and hands down the best customer service, proactive user friendly company. Basically Apple is selling digital crack. If you have any money left over from food and shelter, you want to give it to Apple. And to top it off, Tim Cook may just be the best CEO in America. The more I listen to him, the more I respect his vision toward the future, the customers, the Company, and the near flawless execution he has always had. Steve Job’s most important decision to appoint Tim was also one of his best. Do you know that Tim Cook has kept Steve Job’s office exactly as how he left it?
What the “doomsayers” also seem to overlook is their own denial of reality… and how ridiculous they look to others who live in the real world and have some awareness of the facts.
The people who seem bent on continually announcing the approaching “doom” for Apple, have been ignorant of the fact that Apple has been consistently growing in its successes quarter after quarter, year after year. At the same time, Apple’s competitors have been struggling financially.
Those “Chicken Littles” have not only been wrong all this time, they have been making themselves look foolish and irrational by claiming Apple is doomed while the opposite is happening with the company. Meanwhile, the companies that really are headed for “doom” (or at least for hard times) are the companies that they glorify.
Why anyone would take those idiots seriously, after a long history of their being in denial of reality, is a total mystery.