Apple stock reverses course due to lackluster iPhone X demand

Apple stock reverses course due to lackluster iPhone X demand

In the era of Tim Cook, Apple has had a hard time with one thing. Supply for its demand.

Demand was created when Apple released the iPhone X as something revolutionary and a game changer.  The integration of technology that gets rid of the home button in favor of facial recognition was something huge for Apple and a big departure from what it had done in the past.  Demand for the phone among its fanboys was incredible, however with long production delays, consumers found alternative ways to cope, including not purchasing it.  After the gimmick of facial recognition, full LCD bezel to bezel and no home button wore off, fans were unwilling to wait for the phone.  They made due with their iPhone 7+, just like I have.

iPhone X

iPhone X captivated the Apple Fanbase, but has had huge supply issues

Not to mention the steep $1000 barrier to entry into the iPhone X basic model.  I found carriers unwilling to make the iPhone X affordable.  With the T-Mobile Jump! program, they wanted me to place a downpayment of $250 PLUS pay taxes on the unit of $199, whereas the last iPhone I purchased I only had to pay the taxes.  Now that we are in February, Apple is due to release its latest set of phones this fall, many (Like ME) say they will wait for the net version.

What does this mean for the Apple stock and future of the company.  Well, the future is always bright at Apple.  They have a huge cash flow and just announced they will be investing BILLIONS into the US economy.  As far as the short term stock price?  Demand for the iPhone X will be disappointing, but that is only because Apple waited so long to fix their supply issues for the phone.  Sure, I can now go into a carrier and pick up my phone no problem, but it took too long to get to this point.  I may as well wait it out for the next latest and greatest iPhone X+.

If you still want one, pick one up here: Apple – iPhone X

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Apple CEO Tim Cook Preparing his Successors

Apple CEO Tim Cook Preparing his Successors

LOS ANGELES — Apple CEO Tim Cook came to Chicago to help christen a new Apple Store, and ended up talking potential successors.

“I see my role as CEO to prepare as many people as I can to be CEO, and that’s what I’m doing. And then the board makes a decision at that point in time,” Cook said, in an interview with BuzzFeed News.

For the BuzzFeed video chat, Cook sat side by side with Angela Ahrendts, the former Burberry CEO who runs Apple’s retail division, and has been mentioned as a potential future Apple CEO.

Ahrendts called reports that she could be in the running to be the next CEO “fake news,” and “silly” to BuzzFeed.

Cook, 56, joined Apple in 1998 as senior vice-president of worldwide operations, rising to chief operating officer. He was named CEO In August, 2011, when co-founder Steve Jobs stepped down due to illness. Jobs died three months later, in October, a few days after the introduction of the iPhone 4S.

While Cook would be considered rather young to retire, some longtime Apple watchers have speculated that he could be interested in a future career in politics. He has been more outspoken politically than previous Apple CEOs. Cook has denied future political plans.

Otherwise, Cook talked about the new iPhone X, which begins pre-sales Friday at 3 a.m. ET, and addressed reports that supply will be constrained.

“We’ll see what happens,” was his response to the question, and then he added, “We’ll be working as hard as possible to make as many as possible.”


 

Source: https://www.usatoday.com/story/tech/talkingtech/2017/10/24/apple-ceo-tim-cook-says-hes-prepping-his-successors/794826001/

Accessed: Oct 25, 2017

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