There’s a nice piece in the New Yorker about Apple versus Wall Street.
Einhorn and Tepper paid an average of about five hundred and seventy-seven dollars for their shares, which suggests that they are each sitting on a paper loss of close to a hundred and thirty million dollars. Naturally, they arenâ€™t pleased, but their predicament isnâ€™t Cookâ€™s responsibility.
In buying Apple shares last year, when the stock was heading for seven hundred dollars, investors were willfully ignoring the law of large numbers and the laws of supply and demand.
0 responses to “I demand compensation for my failed gamble!”
Got a sneaky feeling someone didn’t do their homework – it’s pretty obvious to everyone else looking in that Apple’s inevitably going to/got to the point where saturation and product take-up is going to slow down. I’m a huge Apple fan boy, but even I’d have to admit that it’s heading from innovation to incremental updates.
I wouldn’t write them off just yet, but you’re right, the hyper-growth simply isn’t sustainable forever. That said, the relationship between Apple’s share price and its actual performance is utterly baffling.