8/12/2019 Tim Cook Replacement
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Apple has not announced any new products for six months. Apple
hasn't gone this long without a major productintroduction in about
13 years. At the same time, Apple's competitors, notably Samsung,
have introduced ahalf-dozen new smartphones and tablets. Further,
Apple has had to apologize several times for faulty softwareand
other problems.
Forbespoints out that Apple still has plenty of supporters in
the investing community. It says none of the 37analysts at major
security firms who follow Apple have downgraded Apple's stock to a
"sell," but some havedowngraded it from "strong buy" to "moderate
buy." Investors, it seems, find some solace in the fact that
Apple
has about $137 billion in the bank, which it might use to offer
dividends or even buy back stock.
Fortunecalls to questionthe veracity of the Forbesreport,
however. It claims that Forbes'sources are notfriends of Apple and
have interests other than Apple's in mind.
"As far as I know," wrote Fortune'sPhilip Elmer-DeWitt, "[Cook]
still has the deep respect of the analysts whoknow the company best
and -- most important -- the confidence of the board of directors
who granted a millionrestricted shares of Apple as an incentive for
him to stick around for at least a decade."
Apple reports earnings on April 23. Investors will be looking to
Cook for some reassurance that things are goingto get better.
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http://www.informationweek.com/hardware/apple-macintosh/is-ap
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