"Apple also missed Wall Street's revenue forecast for the third straight quarter..."
Maybe Wall Street has no idea what they're talking about. Record revenue? Not good enough. Apple needs to work on managing expectations better.
Maybe Wall Street has no idea what they're talking about. Record revenue? Not good enough. Apple needs to work on managing expectations better.
If and when Al Gore holds a press conference and tells Tim Cook what he wants Apple to do, we can talk about the shareholders running the company. But some snot-nosed analyst writing a research report estimating sales or material costs or whatever is not the same thing as owning the company and directing its activities.
That is correct, and if the OP had asked a different question, then that would be a good answer.
Having opened their yaps and sold the stock to someone on the basis of their own estimates, they are reluctant to say, "We goofed," so they encourage a climate of believing that they are in charge and it's Apple's fault when Apple hit or exceed Apple's estimates while so-called missing their estimates.
If what you say is true, you ought to be able to sue Apple for missing Wall Street's estimates. Tim Cook clearly isn't listening to his bosses and has stolen money from you as an investor who disregarded Apple's guidance and instead went with Wall Street's guidance.
For us, sure. I don't have time to get into the details of AAPL and why I may or may not want to buy them. I honestly don't have any idea if it's a good buy. However, it's 67% inst. owned and I'm willing to bet that every single instituion that owns stock has its own person who is crunching numbers and assesing value. The fact that the big spenders are fighting with each other to sell it instead of buy it means it's more than just "goofed" estimates.