5 ms·
It's crazy they they sell a very conventional, understandable thing, a globally recognizable product of unlimited magic, that nearly every person of means in th
by doctorpangloss 14y ago
It's crazy they they sell a very conventional, understandable thing, a globally recognizable product of unlimited magic, that nearly every person of means in the world has or wants—and yet the market hammers them hard on a 0.7% miss on expected revenue in a quarter with 8% fewer days than 2012Q1.
Here's what I think they should do: Tim Cook needs to become a narcissistic billionaire who parrots about polyamory and militant libertarianism. Now that's what Silicon Valley is all about. $$$.
- czhiddy 14y agoWhat's more crazy is that _profits_ (what truly matters) actually beat expectations. I could start a business selling $100 bills for $99.99 and report back enormous revenue numbers. Hell, I could probably match Amazon's losses and revenues to a T - maybe Wall Street will reward me with a 2000 P/E ratio.
- jarek 14y agoApple was priced in part for being able to maintain consistent growth. Their latest results put this into some question, hence their value to investors drops. If you think people haven't noticed that a quarter was shorter when pricing one of the largest, most prominent companies on the market, you're frankly out to lunch. Arbitrageurs would be on this in a heartbeat.
- jiggy2011 14y agoBecause the best proxy we have developed for measuring "a globally recognizable product of unlimited magic, that nearly every person of means in the world has or wants"ingness is quarterly revenues.