Yoni Jacobs, Executive Director and Chief Investment Strategist for Chart Prophet LLC, wrote an article today showing investors what they could buy if they sold their shares of Apple. He cited that Apple is an overvalued company with overhead risk, growing competition, and high expectations.
On January 25th, Jacobs wrote a similar article titled “Get Ready To Be Disappointed With Apple” in which he referred to the same points he wrote about today. Since writing this article, Apple’s stock has gained nearly $100 per share or $45 billion in market cap.
As one SeekingAlpha commenter wrote, “some people just do not get it.”
Philip Elmer-DeWitt:
To put that in perspective, Apple sold 68.5 million iPhones worldwide in fiscal 2011, although with the launch of the iPhone 4S in October it sold more than half that many (37 million) in just one quarter.
Wonderful move to add Iger to the board, after the bond Jobs and he shared. Levinson is experienced and has been with Apple for many years. It seems that matching creativity and experience in Jobs’ absence has become the norm at Apple - smart.
Katie Cotton, Apple Press Info:
Levinson is chairman of Genentech, Inc. and a member of the Roche Board of Directors. He joined Genentech as a research scientist in 1980, and served as Genentech’s Chief Executive Officer from 1995 to 2009. He is also a director of Amyris, NGM Biopharmaceuticals, Inc., and the Broad Institute of MIT and Harvard. Levinson currently serves on the Board of Scientific Consultants of the Memorial Sloan-Kettering Cancer Center and the Advisory Council for the Lewis-Sigler Institute for Integrative Genomics. He has authored or co-authored more than 80 scientific articles and has been a named inventor on 11 United States patents. In 2008, he was elected to the American Academy of Arts & Sciences. Levinson received his Bachelor of Science degree from the University of Washington and earned a doctorate in Biochemical Sciences from Princeton University.
Iger is the steward of the world’s largest media company and some of the most respected and beloved brands around the globe. He has built on Disney’s rich history of unforgettable storytelling, with the acquisition of Pixar (2006) and Marvel (2009), two of the entertainment industry’s greatest storytellers. Always one to embrace new technology, Iger has made Disney an industry leader at the forefront of offering its creative content across new and multiple platforms. He is a member of the board of directors for the National September 11 Memorial & Museum and Lincoln Center for the Performing Arts, Inc. He became a board member of the US-China Business Council in June 2011. In June 2010, President Barack Obama appointed him to the President’s Export Council, which advises the president on how to promote US exports, jobs and growth. He is also a member of the Partnership for a New American Economy, a coalition of mayors and business leaders from across the United States that support comprehensive immigration reform. Iger is a graduate of Ithaca College.
Jessica Guynn, Los Angeles Times:
Facebook founder and Chief Executive Mark Zuckerberg was moved that Apple’s Steve Jobs admired him for not “selling out.” ”I know that’s one of the ways in which — in which we saw eye to eye on kind of what we were trying to do in the world,” Zuckerberg said in an hour-long interview with Charlie Rose airing Monday. Zuckerberg also said Jobs coached him on how to build a management team that is “focused on building as high quality and good things as you are.”
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