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The only tenable premise here is that the market had priced ridiculous future growth into Apple, which is now leaking out due to reduced confidence in same. Th
by quesera 14y ago
The only tenable premise here is that the market had priced ridiculous future growth into Apple, which is now leaking out due to reduced confidence in same.
The problems are: Apple's valuation was never optimistic (rather pessimistic compared to peers).. Apple's growth has barely slowed since Cook took over (we'll know more on Tuesday), but regardless Apple is still well ahead of the rest of the industry.. And the "fix" would be to bring in someone else who would restore the market's faith in Apple's return to ridiculous future growth...because there's a single CEO anywhere who could do that.
Apple's board is too smart to whipsaw around due to quarterly market drama. Cook is the right choice, though not alone. The mgt team at Apple is solid.
Sentiment is fickle and temporary. Numbers will eventually rationalize. Apple can afford to wait.