• Apple crashes into bear market: $160B gone from stock value
    51 replies, posted
Jesus christ. I remember when their stock was in the $400 range [I]just two and a half years ago.[/I] Apple is very much falling behind in today's market that they essentially established in 2007.
[QUOTE=VinLAURiA;49366341]Personally, I've always compared Jobs to Thomas Edison. The man was revered as a brilliant inventor during his time, but he was actually just a cunning spokesperson and played hard business to keep others out of the spotlight. He knew how to dress up ideas that already existed, market them, and take all the credit while also keeping down potential threats by snatching up what outside talent he could and disparage the rest, especially when it came to turning his biggest rival into a bogeyman he could play himself up as a hero against. "Get a Mac" may not have been as horrible as kidnapping and publicly electrocuting pets to smear Nikolai Tesla and his advocation for alternating current, but hot damn if it wasn't venomous all the same and created a frightening level of devotion. While it may have taken a century, Edison eventually grew to be hated... though that's partially because he went above and beyond in being a despicable human being. Jobs may have been an utter megalomaniac but was otherwise a decent guy, though I do think people will realize in time that he wasn't nearly as revolutionary as he convinced them he was.[/QUOTE] This is true. Jobs never really invented anything, any innovation that may have occurred within Apple was the product of his colleagues' work. Jobs is, however, one of the greatest salesmen (and conmen) ever to live.
[QUOTE=mcgrath618;49364635]They need another iPhone 4. Something big. A Blockbuster.[/QUOTE] Won't be getting that anymore. Not with Jobs gone. He created Apple and brought it to it's original glory before being kicked by the board almost immediately after going public. The company started failing when that happened. He then made the iPod and then Apple bought it out, bring him back in, and back to the forefront of technology. With his death comes the permanent decline of the empire. Ave [del]Caesar[/del] Jobs.
I never hear about Tim Cook, like, ever Steve however, I heard about his work all the time. He was a massive figurehead
[QUOTE=wickedplayer494;49364855]Fixed. Microsoft actually gave Apple a helping hand during its near-death experience in 1997 when Jobs just came back. Also, Jobs wanted a "thermonuclear war" with Google.[/QUOTE] Microsoft (Steve Ballmer anyways) did too [quote]At some point in the conversation Mr. Ballmer said: "Just tell me it's not Google." I told him it was Google. At that point, Mr. Ballmer picked up a chair and threw it across the room hitting a table in his office. Mr. Ballmer then said: "Fucking Eric Schmidt is a fucking pussy. I'm going to fucking bury that guy, I have done it before, and I will do it again. I'm going to fucking kill Google."[/quote]
[QUOTE=MaddaCheeb;49366471]Jesus christ. I remember when their stock was in the $400 range [I]just two and a half years ago.[/I] Apple is very much falling behind in today's market that they essentially established in 2007.[/QUOTE] Actually, no. Apple did a share split a few years ago. Each old share was split into seven new shares, which was why the market value of a share dropped from a high of around ~$700 per share to ~$100 per share. Apple is still going very strong despite this current downward trend.
[QUOTE=wickedplayer494;49364855]Fixed. Microsoft actually gave Apple a helping hand during its near-death experience in 1997 when Jobs just came back. Also, Jobs wanted a "thermonuclear war" with Google.[/QUOTE] Didn't microsoft help apple, because of a court order?
[QUOTE=Sir Spicy Buns;49366665]Didn't microsoft help apple, because of a court order?[/QUOTE] It was kind of also to gain a bit of bonus points in the antitrust bullshit Clinton's DOJ wanted. Bill and Steve were apparently quite close friends too.
[QUOTE=Lurr;49366524]This is true. Jobs never really invented anything, any innovation that may have occurred within Apple was the product of his colleagues' work. Jobs is, however, one of the greatest salesmen (and conmen) ever to live.[/QUOTE]As much as I hated Jobs, he was a [B]marketing [/B]genius. He knew how to market low end computers to average people and kept the company in check. Without him the likes of the Apple "Pencil" emerged. He brought the company back from bankruptcy the first time, now the worms are starting to appear.
[QUOTE=Cutthecrap;49365476] I bet some dollars, heck, I'm toxxing my account right fucking now, that in a couple of years IF they don't change CEO, we can see Apple losing the top position in maaaaany markets.[/QUOTE] yo can we get a mod in here to witness this :toxx: the man said 2 years, apple losing top position in 'many markets' which i'd take to mean the tablet and smartphone market. Apple currently has 24.5% share in tablet market (putting them at number 1), they have fuck all in the smartphone market at the moment (13.9% share) so maybe he's already lost this one
[QUOTE=~Kiwi~v2;49367606] On topic that's a lot of stock just magically vanishing. Fruxodaily basically summed up my post. Need someone ballsy. Need some risky things. They really gotta make a play instead of producing the same thing. Sure the Apple Watch was different but they can't just sit on 1 thing. Need multiple things.[/QUOTE] Last week there were a number of crashes first with oil and iron ore. Then a few days later there were crashes in the Junk bond market. Might be something to do with that.
Meh not only apple, everything is going down. People still like iphones as their status symbols. As long as general populace opinion didnt change massively on their product, they can still necro themselves back. Especially when their bleeding edge hardwares from 20th century is being sold at that prices.
[QUOTE=GameDev;49365204]apples next move will be accepting the ipad pro is useless, release a true surface competitor running OSX, and be praised as changing the game[/QUOTE] This is Apple's biggest problem imo. The 2015 MacBook could have been an incredible 2-in-1 convertible laptop/ipad hybrid, but that's what Microsoft and other manufacturers like Lenovo are doing and Apple can't be seen admitting defeat. The iPad Pro could have been a Surface-like running OSX like you said, but that would also mean following a trend which Apple can't be seen doing. They've been languishing for a while now, making stupid design decisions not even a startup would make, like the 2015 magic mouse's charging port, and releasing products nobody needs or asked for like the iPad Pro. If they don't release something truly unique or revolutionary soon then I think they'll find their fanbase continue to look elsewhere. Even fucking [URL="http://www.theverge.com/2015/12/7/9860958/dell-xps-13-laptop-review-2015"]Dell[/URL] have been releasing more impressive tech than Apple.
[QUOTE=ZeMole;49365169]Steve Jobs will be spinning a beach ball in his grave[/QUOTE] Do you think they buried him with one?
[QUOTE=wickedplayer494;49366914]Bill and Steve were apparently quite close friends too.[/QUOTE] IIRC Bill and Steve were tight, MS and apple (despite the pc vs mac shit) were very close and helped each other out with a lot of shit, they both have a common enemy (google). Steve never hesitated to admit that Mac will never ever take over the Windows marketshare, that MS will always pioneer with desktop and laptops and Windows is bullet proof but it didn't stop him from trying to gain as much as he could The entire business thrives off building its own hardware to support its own software and they have a pretty high percentage in the field because of it, that's amazing in itself
[QUOTE=fruxodaily;49368232]IIRC Bill and Steve were tight, MS and apple (despite the pc vs mac shit) were very close and helped each other out with a lot of shit, they both have a common enemy (google). [/QUOTE] adobe was another one TrueType fonts was a giant cooperative middle finger to adobe back in the 90's
I've stuck with iPhones for the past few years but I'm sick of the lack of innovation and technology in them, it's getting to the point where it's the same phone different camera. I'll be switching to an Android phone when my upgrade is due.
[QUOTE=l337k1ll4;49366040]Apple has never been about pioneering, it's been about selling. Steve Jobs was a fine CEO and an ok inventor, but he was an amazing salesman, he convinced the entire consumer base of their products that they were doing something revolutionary. Did he make the first smartphone? No. The first MP3 player? No. But if you ask people what the first MP3 player was they'd say the iPod, the first smartphone? iPhone. First tablet? iPad. He was so fucking good at selling things to people and without him people just watch their press conferences and laugh at things like the Apple Watch because there's nobody to convince them to buy it. A big part of why people watched Apple announcements and didn't laugh at them like they do now is the fact that he was so fucking good on stage at selling his product.[/QUOTE] Even though basically all the things that people think that he "made" (Bullshit) were around by the time Apple sold them, it was him who pushed those ideas or products first into the market.
[QUOTE=l337k1ll4;49366040]Apple has never been about pioneering, it's been about selling. Steve Jobs was a fine CEO and an ok inventor, but he was an amazing salesman, he convinced the entire consumer base of their products that they were doing something revolutionary. Did he make the first smartphone? No. The first MP3 player? No. But if you ask people what the first MP3 player was they'd say the iPod, the first smartphone? iPhone. First tablet? iPad. He was so fucking good at selling things to people and without him people just watch their press conferences and laugh at things like the Apple Watch because there's nobody to convince them to buy it. A big part of why people watched Apple announcements and didn't laugh at them like they do now is the fact that he was so fucking good on stage at selling his product.[/QUOTE] I don't think much of him tbh. Sure, he was able to sell, but that was because people didn't know any better. He was basically ahead of everyone else. He made sure that people thought of Apple products as being the thing they needed, despite there being better and cheaper options on the market. Would he have been able to do it again today? I don't think so. People have access to information now, and have a better hand than the seller when out to buy something. Nowadays, people know that iPhones are as good as any other Android phone, if not actually worse. People know that iPods aren't really needed since you can have your phone double as an mp3 player. People know iPads aren't required to have a good tablet, and the Apple watch is more or less just an expensive gimmick that can be outperformed by something else. The problem with Apple, is that every other company has caught up with them, be it expensive or cheaper brands.
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