I recall the same questions being raised when Google fell from $700 to below $300. Today Google is at $780.
It’ll be back.
So frankly I find it bizarre that we would find ourselves being sued for something that’s good for consumers. I think it’s a … it’s a silly sideshow, honestly.
If you’re thinking from a pure investor standpoint, that’s probably a fair assessment. Apple clearly slipped up from a supply standpoint and, as a result, it partially screwed up their earnings. But Apple has a history of shipping products when they’re ready not when Wall Street would like them. I think to do the latter would be a huge mistake, obviously.
There’s no question that Apple screwed up here, but they perhaps should have pushed the iMac slightly to meet consumer demand, not Wall Street.
In other words, don’t mind the markets, once they see the long-term value we’re building, our stock price will come around. He noted that we almost never as good or bad as our stock price might indicate. Since the only metrics he focused on presenting to the company were those about our underlying fundamentals, he taught so many young people a first and important lesson about focusing on what mattered, what we could control, which was the customer experience.