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Apple (AAPL +1.6%) roundup: 1) Take this one with a big spoonful of salt: "Some Wall Street...

Apple (AAPL +1.6%) roundup: 1) Take this one with a big spoonful of salt: "Some Wall Street sources close to some Apple executives" tell Forbes contributor Gene Marcial some at the company are looking for a replacement for Tim Cook. 2) CIRP estimates the iPhone 5 made up 53% of Q1 U.S. iPhone sales, up slightly from Q4's 50%. Meanwhile, citing Verizon's Q1 iPhone mix, BMO (Outperform) now sees Apple's latest iPhone accounting for 55% of Sep. quarter iPhone sales, down from a prior 70%.  3) A Foxconn worker speaking to China Business claims Apple returned 5M-8M iPhones "due to appearance of substandard or dysfunctional problems." (Citi) (BGC/Avondale)
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Comments (41)
  • NYC Trader
    , contributor
    Comments (513) | Send Message
     
    A Forbes contributor says that someone says that people close to Wall Street say that shareholders say that some executives say... riighttt. Ha.
    22 Apr 2013, 01:36 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2172) | Send Message
     
    I'm getting skeptical on a lot of these rumors, especially the Digitimes version. Digi said recently that *total* iPad screen orders (mini+ full) for next qtr were below 10mm! Oh, and also that Mac orders have stopped indefinitely...all due to dead demand?? Assuming Apple is the ultimate source for this negative PR static, I would say they are trying to lower analyst/investor expectations, then a crummy number won't seem nearly as bad. Returning 5-8mm iP5s is crazy high, and I can't imagine who would be motivated to start it. Cook got 1mm shares for taking the helm. The Board is going to look dumber than dirt if they fire him....this rumor looks cooked by a call holder trying to push Cook into announcing something big for a bounce. Like I said, I'm getting skeptical....
    22 Apr 2013, 01:40 PM Reply Like
  • u01bsb0
    , contributor
    Comments (696) | Send Message
     
    getting skeptical? anyone who follows apple knows that 90% of these rumours are complete bull made up by people trying to knock down the stock.
    23 Apr 2013, 07:48 AM Reply Like
  • MishaF
    , contributor
    Comments (29) | Send Message
     
    Stop this silly "Tim Cook" must go rumor now. It was started by people that want to harm Apple and it has nothing to do with his performance.
    22 Apr 2013, 01:57 PM Reply Like
  • KenNagle
    , contributor
    Comments (289) | Send Message
     
    Customary practice for OEMs outsourcing production is to have QC people on site. No way would Apple (or a manufacturer not catch a problem in production deficiencies. This is a crazy rumor.
    22 Apr 2013, 01:58 PM Reply Like
  • Glenway Fripp
    , contributor
    Comments (1173) | Send Message
     
    Apple returning 5-8 Million iPhones to Foxconn is neutral for Apple, bad for foxconn. I wonder whether all this Apple bashing by the Chinese media was some sort of backroom revenge....
    22 Apr 2013, 02:18 PM Reply Like
  • Truth and Common Sense
    , contributor
    Comments (7) | Send Message
     
    While all of you seem to think Tim Cook is doing a good job, I am not one of you. A CEO who lets his stock slide almost 50% and says nothing seems like person at the wheel of the Titanic with the iceberg approaching and is doing nothing. He seems like a deer in the headlights of an oncoming car and does not know what to do. Several good ideas have been put forth by other owners, but they seem to be ignored. I think more transparency is a good thing. As a long time and long term investor in Apple I expect more. Certainly more than I am getting. Tim Cook is NO Steve Jobs, but believes he can operate in vacuum. I have lost tens of thousands of dollars and as an owner am not happy.
    22 Apr 2013, 02:26 PM Reply Like
  • wigit5
    , contributor
    Comments (4214) | Send Message
     
    sorry to hear you lost so much money, hope you can make it back elsewhere. near term there doesn't look to be any relief barring a significant announcement (new product, significant refresh of old product, future plans for cash/direction)
    22 Apr 2013, 02:41 PM Reply Like
  • Arthur Fisher
    , contributor
    Comments (256) | Send Message
     
    Snuffle, snuffle.
    22 Apr 2013, 03:39 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9260) | Send Message
     
    The stock slid 50% after irrationally doubling.
    22 Apr 2013, 05:43 PM Reply Like
  • Mercury Value
    , contributor
    Comments (565) | Send Message
     
    You haven't lost anything unless you decide to sell. You still have X amount of shares. It's only that the price someone else is willing to buy those shares off of you is different now than it was six months ago. Six months from now, it will be different than it is today.
    22 Apr 2013, 06:30 PM Reply Like
  • Atkins
    , contributor
    Comments (1050) | Send Message
     
    So you think that NFLX and AMZN are rational? I think the Apple story is far better than either of the other two.
    23 Apr 2013, 12:30 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9260) | Send Message
     
    Netflix' best days are ahead of it.
    23 Apr 2013, 12:32 AM Reply Like
  • SP5524
    , contributor
    Comments (86) | Send Message
     
    I can't wait for tomorrow this time. AAPL will beat estimates, they'll have better than expected guidance, and they'll announce they'll be taking the company private and offer a resounding FU to Wall Street. Then, Cook says he has to get off the phone because he has more important things to worry about.
    22 Apr 2013, 03:11 PM Reply Like
  • wigit5
    , contributor
    Comments (4214) | Send Message
     
    Apple going private is the worst of the rumors....
    22 Apr 2013, 03:12 PM Reply Like
  • Glenway Fripp
    , contributor
    Comments (1173) | Send Message
     
    I would love that! Unfortunately Apple going private won't happen at this price so not tomorrow. They would want to own 51% and already existing huge shareholders, Greenlight, vanguard, etc would buy the rest. I have contended for a while that Apple is going to use that delicious pile of cash to go private, start iBank, or Both.

     

    What does wigit5 mean by, "Apple going private is the worst of rumors...."?
    22 Apr 2013, 04:09 PM Reply Like
  • wigit5
    , contributor
    Comments (4214) | Send Message
     
    meaning there isn't anything to substantiate it... it's a great idea but the size of apple and the price (as you mention) makes it very unlikely.

     

    the evidence in other words is stacked way against that happening in the next 2 quarters barring a complete collapse
    22 Apr 2013, 04:11 PM Reply Like
  • Mortonk
    , contributor
    Comments (174) | Send Message
     
    Are you for real.....? Why even put a story like this in ? Innuendo over suggestion over speculation over hearsay......what are you, someone somewhere, said to someone about something about Tim Cook....blah blah..... Are Seeking Alpha running out of primary school kids to write reports......?
    22 Apr 2013, 03:44 PM Reply Like
  • kingcozzi
    , contributor
    Comments (127) | Send Message
     
    Apple died the day Jobs died. People weren't as upset about the cash pile then because they made innovative products that changed the industry. Now...they are just simply holding cash. Well atleast Apple's demise will be an interesting case study for business schools in the future.
    22 Apr 2013, 03:50 PM Reply Like
  • jbcm
    , contributor
    Comments (253) | Send Message
     
    Can we help each other and start a group that buy out Apple from the stock exchange ? What do you think about that? I see only good opportunities if we have a lot of shareholders whit us! (smile!)
    22 Apr 2013, 04:02 PM Reply Like
  • bjnflicks
    , contributor
    Comments (3472) | Send Message
     
    Cook will need to go unless he can do something fast to bounce the stock back up 100 or so points. Too much money has been lost and it's almost all been about "perception" not fundamentals. And that is the fault of the CEO. Cook has not made a major announcement in six months and has waged an anemic PR and ad war against rivals. So expect him to walk the plank unless we se 450+ this week following earnings (and other associated announcements Cook has control over). A small dividend bump isn't enough. He needs to wow and reassure investors tomorrow.,
    22 Apr 2013, 04:39 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9260) | Send Message
     
    Not Tim Cook's fault if you were buying at $700.
    22 Apr 2013, 05:49 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    time for AAPL call options?
    22 Apr 2013, 06:12 PM Reply Like
  • maverta
    , contributor
    Comments (329) | Send Message
     
    you talk too much and it is apparent you don't like this company. for a young guy, you have too much to say.
    23 Apr 2013, 01:35 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9260) | Send Message
     
    That's a matter of opinion, maverta. It's clear that the readers of this site value what I have to say for the most part despite my age.
    23 Apr 2013, 01:39 AM Reply Like
  • serkol
    , contributor
    Comments (19) | Send Message
     
    I also think that Tim Cook must go. I would say that he must go to the COO position, but I don't know anything about how mega corporations work, so maybe if he has to leave the CEO position he will leave Apple, I don't know...

     

    Regardless of the business qualities of Tim Cook, he just is not a good facade for Apple...

     

    Without a technical visionary like Jobs, Apple would be better making Jony Ive a "fake" CEO, just to have a better "face" for Apple, and moving Cook to COO, or having someone as good as him for COO.

     

    Jony Ive is like Jobs in so many ways... Maybe he is not up to being a real CEO, maybe he does not want to be a CEO, maybe he will do better at his current position... but if it were possible to make him a "fake" CEO just to change Apple's face - that would be great for shareholders like me :-)

     

    I'm selfish, I know...
    22 Apr 2013, 04:39 PM Reply Like
  • adrian816
    , contributor
    Comments (177) | Send Message
     
    If you've got a well-diversified portfolio then Apple shares needn't make up more than 7% so there's plenty of scope for emerging markets / frontier markets / sector ETFs and REITs. If you think Apple's bad, have you seen Facebooks share price?
    22 Apr 2013, 07:09 PM Reply Like
  • deercreekvols
    , contributor
    Comments (6711) | Send Message
     
    The rumors that swirl around Apple on a daily basis are laughable. Here goes:

     

    A friend of a friend of a friend of a friend said that his friend knows somebody who might work at Apple who may have said that Tim Cook could be looking for a job soon. (AAPL) is up after-hours.

     

    Is this the next Market Current about Apple? Just in time for earnings.
    22 Apr 2013, 08:26 PM Reply Like
  • Truth and Common Sense
    , contributor
    Comments (7) | Send Message
     
    I have invested for over 40 years in stocks and bonds. Intuitively I study stock valuations as well as market perceptions. I have had such winners as Ford, Intel, and Coca Cola, Chevron and many more.. I have held such losers as Cisco. Personally I see no redeeming value in Facebook and do not own any of the stock.
    Professionally I am a business consultant and advise companies on budgeting, P & L estimates, etc. I have taught in my younger years all the way from High School through the University level.
    22 Apr 2013, 08:42 PM Reply Like
  • Truth and Common Sense
    , contributor
    Comments (7) | Send Message
     
    I have read all the comments. The writer who says if you bought apple at $700 you should not complain. I did not buy Apple at anything near $700, but all owners of the Company have a right to complain when management ignores valuation. When m,anagement ignores the owners wants, wishes, and desires then there is a problem. When management ignores good suggestions the owners have not only a right but a duty and responsibility to complain. People who do not own Apple stock have NO RIGHT to offer advice. Apple Stock is none of their concern.
    We as owners want management to supply wisdom, proper management skills, and proper supervision to maximize our investment. That is simply why Tim Cook has to go. His management is suspect , I am sure the Captain of the Titanic was hired with the best of intentions, but failed to execute properly. Tim Cook is acting in the same manner..
    23 Apr 2013, 02:21 AM Reply Like
  • JoePernice
    , contributor
    Comments (18) | Send Message
     
    Its funny you mention the captain of the Titanic. Truth is the owner was on board and urged the captain full speed ahead to make good time to NY. The captain should have known better.
    23 Apr 2013, 06:28 AM Reply Like
  • jbcm
    , contributor
    Comments (253) | Send Message
     
    Interesting, I did not now that! Do you think that the director of the Board of Directors have tell Tim to stay passive in APPLE:s case?
    23 Apr 2013, 06:50 AM Reply Like
  • JoePernice
    , contributor
    Comments (18) | Send Message
     
    I can only guess that there is a paranoia about new products being copied. I think this is a great opportunity to buy.
    23 Apr 2013, 07:09 AM Reply Like
  • jbcm
    , contributor
    Comments (253) | Send Message
     
    I wish you you have right! That my hope to! I am already full with Apple shares at total 750. May be to many already! (smile!) But if I had have non now then I have buy a lot!! For sure!
    23 Apr 2013, 07:25 AM Reply Like
  • ijshearer
    , contributor
    Comments (117) | Send Message
     
    Truth and Common Sense, I have a similar profile to yourself and agree with much of what you have said...however I cant agree with your comment "Tim Cook has to go"
    The CEO of a company has to act in the long term interests of the shareholders, we may disagree with some short term actions but that does not mean "He must go". Cook has presided over an era of great profit growth and he tells us that he has some great new products in the pipeline. Lets see what those products are.
    23 Apr 2013, 04:15 AM Reply Like
  • remco
    , contributor
    Comments (37) | Send Message
     
    I only recently bought Apple stock, but I would view it as very negatively if Cook is to be fired. Would probably sell my shares.

     

    But seems like a fake rumour anyways...
    23 Apr 2013, 04:19 AM Reply Like
  • hahaha48
    , contributor
    Comments (1226) | Send Message
     
    The fact is AAPL has drop 40% while the market in general was up 10%.
    Please name me another "great" company that has done that in the past.
    Please ask iCook that question on his conference call.
    I bet APPLE will not let you ask that question.
    23 Apr 2013, 04:54 AM Reply Like
  • tjmxxx
    , contributor
    Comments (96) | Send Message
     
    All those boneheads who think Tim Cook has done a fine job have no clue about how to properly run a business, or what defines a good CEO. Cook has done absolutely nothing that standouts as exceptional, while he has made numerous bad decisions, like the maps fiasco, to name one. He now holds the Guinness World Record for losing the largest amount of money $200,000,000,000+ in the shortest amount of time in recorded human history. No single person, group, government, or country has ever done so much damage so quickly.
    23 Apr 2013, 05:08 AM Reply Like
  • jbcm
    , contributor
    Comments (253) | Send Message
     
    Ha, ha, ha, I should cry when I read what you have wrote but as you see I could not do anything else than law! Very good comments from you!! Ha, ha, ha.
    VERY LONG in APPLE with total 750 shares and waiting for positive rapport late today. (smile!)
    23 Apr 2013, 05:31 AM Reply Like
  • jbcm
    , contributor
    Comments (253) | Send Message
     
    A subcontractor to a rival at APPLE have rise 100% at share price at about six months. It is Actions Semiconductor (ACTS)
    Se: http://bit.ly/17MgAVe
    May be better buy them than .......!!?? (smile!)
    I am very long at APPLE and ACTS and many others to.
    I buy ACTS 18 May 2012 at $1.60 and yesterday ACTS share price is $3.20. Funny!!! (smile!)
    23 Apr 2013, 05:16 AM Reply Like
  • Truth and Common Sense
    , contributor
    Comments (7) | Send Message
     
    I think this discussion has been very insightful. Open discussion among the minor shareholders is positive. Whether you think I am right or wrong each of us has had an opportunity to display our feelings. Don't each of you feel good about this? Will some one please ask Mr. Cook to do likewise. Silence is not always golden.
    23 Apr 2013, 01:35 PM Reply Like
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