Apple-Head of Investors: in over Reacting

Last week’s boring Apple accounts, has triggered 8 day Downer for Apple’s stock. An overreaction, said Tim Cook, in an interview.
Last week’s boring Apple accounts, has triggered 8 day Downer for Apple’s stock. An overreaction, said Tim Cook, in an interview.
Apple’s stock has suffered a historic downturn since the company last week presented a financial statement for the first time showed a decline in sales. A position which has not been in the company since 2003.
The slack accounting have so far triggered eight consecutive day Downer for Apple’s stock. Thus is the second historic debacle for the company, which last saw a similar dive in 1998. AAPL’s stock traded today to 93.64 u.s. dollars, a fall of nearly 20 percent since mid-april.
Apple speaks out rarely openly about the company’s activities, but the stock market excitement got yesterday Apple’s ceo to appear in an interview on CNBC’s American Stock Exchange show ‘Mad Money’.

Cook: it’s a huge overreaction

In the interview, which is characterized by the host, Jim Cramer, brusque manner did the head stock of Apple’s economic challenges. Tim Cook pointed out that the market has overeageret game at the recent accounts.
“I believe that this is a huge overreaction […] Objectively speaking, we have had a very nice quarter, but it did not live up to Wall Street’s expectations, “he explains.
“Considerations on the iPhone’s death is unfair,” continues Tim Cook, “iPhone 6S mediocre sale is only through shear was compared to the incredibly powerful iPhone 6-sales from the year before.”

Expect the indispensable

Tim Cook insisted at the same time that Apple does not have lost consumers ‘ favor and points out that iPhone buyers are far more likely than any other to remain in Apple’s ecosystem rather than seek alternatives from Samsung or similar.
Talk about lack of innovation from the California-based company also reduced, with assurance that Apple’s products are designed to be indispensable.
“We are going to offer products that you don’t think about today, but as you will not be able to do without in the future, says Apple-head.
Tim Cook comes not, however, a closer look at what products he has in mind. “We are not on our product roadmap. I am very enthusiastic about what we’re developing now, but I do not want to be more specific than that. “he concludes.