Apple AAPL is the darling of many investors. The expectation is that the company can do no wrong. Such unrealistic expectations are always shattered. It’s just a matter of time.
Hedge Funds loved Apple. Carl Icahn bought more than 53 million shares, and the Apple ‘groupies’ on the Internet insult everyone who pointed out the future negatives with four letter words instead of facts.
I have written about all the negatives for Apple for more than a year. Declining profits and profit margins, no innovation unless you consider a larger phone “innovation,” an Apple Watch that is selling so poorly that the company won’t give sales numbers, Apple Pay, which has huge competition, and the company’s huge employee overhead.
The iPad is basically the same as the version 1 and 2. Users would love to see new features, like a USB port, but Apple is tone deaf. Sales in the Apple’s fourth quarter were down 19.4%.
Now they talk about an Apple car. That would be absurd and a big money loser.
The much expected Apple TV stayed a small box similar to Roku while fans were expecting a real television.
Then Apple buys a maker of mediocre headphones for $3 billion. Any Asian manufacturer could have delivered those headphones at a fraction of the cost.
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