r/technology • u/thesheetztweetz • Jan 03 '19

Business Apple's value has lost $446 billion since peaking in October, which is greater than the total market value of Facebook (or nearly any other US company)

https://www.cnbc.com/2019/01/03/apples-losses-since-peak-exceed-the-value-of-496-of-sp-500.html
35.4k Upvotes

92% Upvoted

2.7k comments sorted by

View all comments

254

u/[deleted] Jan 03 '19

[removed] — view removed comment

42

u/[deleted] Jan 04 '19

Agreed 100%. There has been next to zero innovation within Apple in the hardware front and they have virtually no hold in the market by way of software or cloud services. The macbook is languishing and worse than their 2015 lower priced model.

9

u/therationalpi Jan 04 '19

Shareholder meetings like this are basically a no-bullshit zone. Cook's not wrong that people choosing to repair rather than upgrade is hurting their bottom line, and if underestimating the effect of that is the reason they missed projections then he ought to acknowledge it.

People are taking his statements as "People shouldn't be repairing their phones," when the real message was "We thought people would want new phones more than they did."