January 3, 2019

TIM COOK TO INVESTORS: People Bought Fewer New iPhones Because They Repaired Their Old Ones.

And they repaired their old ones because the new ones aren’t delivering the innovation and performance that used to make people scrap their perfectly-good older phones to buy the new ones. Possibly because Apple’s CEO is spending more time on social-justice nattering than on running the kind of company Steve Jobs would be proud of.

Or, more pithily: “Apple stock falling probably has more to do with their new phones costing upwards of $1000.00 that they still can’t hold a charge for longer than 3 hours IMO. At some point you’ve priced yourself out of the market. It’s absurd.”

Related (From Ed): Apple’s Terrible No Good Very Bad Earnings Warning.

UPDATE: Five Ways to Look at Apple’s Surprise Bad News: None of them is good.

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