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Gruber has only changed the terms of reference. The idea that Apples original aims anything at all to do with the current state of the smartphone business is l

by polemic 14y ago

Gruber has only changed the terms of reference. The idea that Apples original aims anything at all to do with the current state of the smartphone business is laughable. Apple's stock price is not based on the relative success versus their original aim. It's very much based on the projected future success of the company. This is called spin. There definitely is a lot of crowing about "Apple's downfall" (which is certainly not true, and definitely premature), but Gruber reads more into the article than is really there. Tilting at windmills.

invisible 14y ago
Here are some facts: - Gupta was not talking about the stock market for the entire article. - Business is about profits. - Gruber is talking about Gupta's article which says Apple is failing in mobile. - The stock market is basically sensationalism in monetary form. - Apple hasn't announced any new products and that is hurting it's stock. - Apple never announces new products before they are manufacturing.
- polemic 14y ago
  "Gupta was not talking about the stock market for the entire article" Except when he refers to the drop in their stock price - the entire basis for the "Apple naysayers narrative". Unless you think the opinions of a few business writers knocked off 30% of their valuation instead. Like some sort of epic reverse pump & dump? Hardly. "Business is about profits." Gee that's deep. It's also deeply misleading. Current profit earnings and forecasts are what drives the stock price movement. The only way you or I can profit from Apple are by purchasing shares where those predictions are priced in. If their profit forecast halves regardless of their relative performance vs competitors, I'm going to suffer as a shareholder. "Gruber is talking about Gupta's article which says Apple is failing in mobile." And like I said, Gruber misses the point. "The stock market is basically sensationalism in monetary form." Ah, so you don't like what the sharemarket is doing, so you dismiss it as "sensationalist". Don't kid yourself, you're not kidding anyone else. And I'm not sure what the last two points have to do with anything, so I won't comment on them.
  - bruceboughton 14y ago
    If you compare the fortunes of Apple and Amazon in the stock market, it is immediately clear that the stock market is not a good way for individuals to benefit from the profits of corporations they choose to invest in. That seems pretty broken.
  - invisible 14y ago
    The purpose of the last two points is to explain why the stock price is going down. It is going down because the future outside of Apple is unknown - and that is engineered, entirely, by Apple not disclosing what it is going to be releasing in X months or X years. So yes, the stock market is very sensationalist when prices go up and down because of a lack of information.

by polemic 14y ago

invisible 14y ago

Here are some facts: - Gupta was not talking about the stock market for the entire article. - Business is about profits. - Gruber is talking about Gupta's article which says Apple is failing in mobile. - The stock market is basically sensationalism in monetary form. - Apple hasn't announced any new products and that is hurting it's stock. - Apple never announces new products before they are manufacturing.

polemic 14y ago
"Gupta was not talking about the stock market for the entire article" Except when he refers to the drop in their stock price - the entire basis for the "Apple naysayers narrative". Unless you think the opinions of a few business writers knocked off 30% of their valuation instead. Like some sort of epic reverse pump & dump? Hardly. "Business is about profits." Gee that's deep. It's also deeply misleading. Current profit earnings and forecasts are what drives the stock price movement. The only way you or I can profit from Apple are by purchasing shares where those predictions are priced in. If their profit forecast halves regardless of their relative performance vs competitors, I'm going to suffer as a shareholder. "Gruber is talking about Gupta's article which says Apple is failing in mobile." And like I said, Gruber misses the point. "The stock market is basically sensationalism in monetary form." Ah, so you don't like what the sharemarket is doing, so you dismiss it as "sensationalist". Don't kid yourself, you're not kidding anyone else. And I'm not sure what the last two points have to do with anything, so I won't comment on them.
- bruceboughton 14y ago
  If you compare the fortunes of Apple and Amazon in the stock market, it is immediately clear that the stock market is not a good way for individuals to benefit from the profits of corporations they choose to invest in. That seems pretty broken.
- invisible 14y ago
  The purpose of the last two points is to explain why the stock price is going down. It is going down because the future outside of Apple is unknown - and that is engineered, entirely, by Apple not disclosing what it is going to be releasing in X months or X years. So yes, the stock market is very sensationalist when prices go up and down because of a lack of information.