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So anyone thinking planned obsolesce might move itself up the Apple priority list? Their per quarter revenue is still massive, but Wall Street always expects mo

So anyone thinking planned obsolesce might move itself up the Apple priority list? Their per quarter revenue is still massive, but Wall Street always expects more. At its current rate of stock buy back, Apple could buy back all of its stocks and go private in a few years. They could rid themselves of market fluctuations in regard to stock and pump out products while continuing making the ridiculous amounts or revenue and overcome the need to take shortcuts for the sake of Wall Streets obsession with non-stop growth.

TheOtherHobbes 10y ago
They could, and that may be the plan. But ultimately it's about impressing customers, not Wall St. And Apple has been getting less and less good at creating products that do that.
adrenalinelol 10y ago
This was inevitable for Apple; their stratospheric valuation has expected growth priced in. Given the company's inability to foster the same ambition Steve Jobs instilled in it, they can only ride on their existing product line for so long. I do find their lack of acquisitions strange given how much capital they are sitting on. There are a lot of markets w/high barriers to entry they'd have no trouble getting their foot in the door(Gaming, On Demand Streaming, etc...).
- criley2 10y ago
  >"I do find their lack of acquisitions strange given how much capital they are sitting on." A) They average like 5-8 per year which is pretty standard among their peers: https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Apple https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitio... B) I said to Steve, “What should he do?” and Steve said to me, “He should focus on his knitting. Not try to do everything. Do one thing well.”
- frankchn 10y ago
  I am not sure about the valuation having a lot of growth priced in, given that Apple's current P/E ratio is 11. In comparison, Google's is 30, Facebook's 84. Even Berkshire Hathaway's is 15.
- jsight 10y ago
  At a PE ratio that is heading rapidly towards the single digits, I would argue that they don't have growth earnings growth priced in at all.

TheOtherHobbes 10y ago

They could, and that may be the plan. But ultimately it's about impressing customers, not Wall St. And Apple has been getting less and less good at creating products that do that.

adrenalinelol 10y ago

This was inevitable for Apple; their stratospheric valuation has expected growth priced in. Given the company's inability to foster the same ambition Steve Jobs instilled in it, they can only ride on their existing product line for so long. I do find their lack of acquisitions strange given how much capital they are sitting on. There are a lot of markets w/high barriers to entry they'd have no trouble getting their foot in the door(Gaming, On Demand Streaming, etc...).

criley2 10y ago
>"I do find their lack of acquisitions strange given how much capital they are sitting on." A) They average like 5-8 per year which is pretty standard among their peers: https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Apple https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitio... B) I said to Steve, “What should he do?” and Steve said to me, “He should focus on his knitting. Not try to do everything. Do one thing well.”
frankchn 10y ago
I am not sure about the valuation having a lot of growth priced in, given that Apple's current P/E ratio is 11. In comparison, Google's is 30, Facebook's 84. Even Berkshire Hathaway's is 15.
jsight 10y ago
At a PE ratio that is heading rapidly towards the single digits, I would argue that they don't have growth earnings growth priced in at all.