247wallst.com Open in urlscan Pro
2606:4700:10::6816:2b6 Public Scan

Back to summary

URL:
https://247wallst.com/investing/2024/10/01/apple-nasdaq-aapl-ceo-tim-cook-makes-the-big-mistake/?utm_source=snapi
Submission: On October 01 via api (October 1st 2024, 7:15:09 pm UTC) from BE — Scanned from US

Form analysis
1 forms found in the DOM

GET https://247wallst.com

<form id="searchform" class="field has-addons" method="get" action="https://247wallst.com"> <input type="text" name="s" value="" placeholder="Search 24/7 Wallst." id="searchbox" class="input"> <input type="submit" value="Search"
    id="site_search_button" class="subscribe button"> </form>

Text Content

Skip to content
City Data Centers
Crime by State Cost of Living by State Population and Demographics by State
Crime by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Cost of Living by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Population and Demographics by State
Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana
Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts
Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio
Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee
Texas Utah Vermont Virginia Washington West Virginia Wisconsin
Wyoming
Technology
Apps & Software Consumer Electronics Telecom & Wireless
Trending

HAS APPLE SOLD 20 MILLION IPHONE 15S?

Investors face a difficult problem. How do they handicap iPhone...
Investing
Analyst Upgrades Bankruptcy Buffett Corporate Governance Corporate Performance
Dividends and Buybacks Earnings ETFs and Mutual Funds International Markets IPOs
and Secondaries
Mergers and Acquisitions Personal Finance Rumors Value Investing
Trending

5 SIZZLING CATHIE WOOD ARK INVESTMENT STOCKS TRADE...

These are five stocks for aggressive investors looking to get...
Economy
Government Regulation Housing Jobs
Trending

THE STATE WITH THE HIGHEST DIVORCE RATE

Almost 700,000 people get divorced each year, causing havoc with...
Special Report
Brands and Products Cities Countries States
Trending

THESE AMERICANS OWN THE MOST GUNS: EVERY STATE RANKED

Gun ownership is a constitutional right in the United States,...

Investing

APPLE (NASDAQ: AAPL) CEO TIM COOK MAKES THE BIG MISTAKE

24/7 Wall st
Austin Smith
Published: October 1, 2024 7:30 am

Key Points:

* iPhone XVI Sales: Delayed software and minimal changes may lead to weak
sales.
* Chinese Competition: Foldable phones from Chinese brands are challenging
Apple’s dominance.
* Increased Advertising: Apple’s need for ads suggests challenges in
maintaining market position.
* Also: The smart money is already looking at The Next Nvidia as the best
investment today.

Doug and Lee discuss the anticipated release of the iPhone 16, noting concerns
about weak sales due to the delayed release of a complementary software feature.
Doug criticizes the decision as a significant mistake by Apple Inc.’s (NASDAQ:
AAPL) CEO, Tim Cook, drawing a comparison to buying a car without an engine. Lee
points out that competition in China, particularly with foldable phones, is
intensifying, which could further impact iPhone sales. They also discuss the
potential for multi-screen devices to become more popular, contrasting the
iPhone’s traditional single-screen design.

WATCH THE VIDEO

Video Player
https://videos.247wallst.com/247wallst.com/2024/09/Apple-Nasdaq_-AAPL-CEO-Tim-Cook-Makes-The-Big-Mistake.mp4

00:00
00:00
05:57
Use Up/Down Arrow keys to increase or decrease volume.

EDITED VIDEO TRANSCRIPT:

The iPhone sixteen anticipated every time the iPhone comes out every year,
there’s a guessing game.

And then certain Wall Street firms, they go out and they say, well, they counted
the number of people at a store and then they come up with numbers.

Now, right now, and I don’t want to say this is a consensus, but there’s a
leaning towards the fact that they are light.

Here’s my opinion on that.

If you’re going to launch a phone, piece of hardware, and it’s not going to have
the double a piece of software that was supposed to go with it.

You’re not going to put that out for another six weeks.

Nope.

I got to tell you, sales are going to be weak.

People want to be able to go into AT&T or Verizon or the Apple store, and they
want to actually be able to see it.

It would be like buying a car without an engine, right?

I buy the car and it’s like, oh yeah, this is going to be awesome.

And here’s a description of the engine, which Apple’s done, you know, here’s a
description of the engine.

So you should trust us and come back and buy it later, which to me, if Tim Cook,
the CEO of Apple, has made a single signature error in his period at Apple from
going from being the successor to Steve Jobs.

This is it.

This is the big mistake.

Yeah.

And, you know, again, the data seems skewed because You know, the CEO of
T-Mobile going, oh, sales are good.

Sales are really good.

And other people are going, well, you know, the pre-orders weren’t what we
expected and the follow-up isn’t what we expected.

And I don’t think there’s enough radical change in the phone versus the XV, even
at the higher levels, the more expensive levels.

You know, it’s the usual thing.

The camera’s a little bit better.

The screen’s a little bit different.

You know, small ancillary things that aren’t going to make me run out and spend
fourteen hundred bucks.

Well, another thing is that people are talking about the United States when you
talk about U.S. brokerage firms.

Yep.

You know, the challenge is going to be in China as well, because you’ve now got
this new foldable phone.

The competition in China, which I think used to be, you know, the homegrown
phones were okay.

Yeah.

But they weren’t iPhones.

And I think that the manufacturer’s in China, they’re closing that gap when it
comes to product.

I suppose that Huawei called Motorola and said, I want my nineties back with a
flip phone, but apparently it’s been very successful, hugely successful.

And, you know, you can bet, I think that Google has a flip phone too, but you
can bet that if it’s successful, it’ll be monkey see monkey do with everybody
else.

Well, it’s a very, very good product.

It goes from being a phone to like a tablet to like close to a laptop.

It’s like, you remember the old transformers, you know, there were toys,
dinosaurs, then they could, you know, they ran the universe.

It’s sort of like you can take this thing and you can morph it from one device
to another app.

The iPhone is still basically a single screen.

Product, which is what Americans are used to, but that doesn’t mean that down
the road, you won’t be able to sell Americans on the idea of a multi-screen.

And here’s what I’m going to tell you what this reminds me of.

Apple was late to having a five G file.

Do you remember this?

They were.

Yeah.

Right.

So, so they, they milked that four G phone as long as they could put out their
five G phone.

Late in the cycle, they risk doing the same thing here.

And that is sticking to sort of the standard screen sizes, standard templates.

I know they always get a little thinner.

Yeah.

But basically, if you and I had an earlier version of the iPhone and we put it
down on the desk and we put down a distressed version of the sixteen.

You know, one that you beat up a little, so it didn’t.

Yeah.

Right.

I don’t think most people would say, oh, gee, those are radically different
products.

Yeah.

And you know, it’s interesting.

I don’t know if you’ve seen these commercials, but they’re running these
commercials where there’s the kind of, there’s a girl who looks down the hall
and sees a guy and she’s like, why, why can’t I remember this guy?

And then I think she talks to her iPhone, where did I meet this guy?

And it goes, Oh, you met him at a party down the street.

And then she said, Oh, hi Steve.

And, and, and that’s assuming that the, I guess that the AI factor is in there.

Well, I’ll tell you something.

Apple didn’t used to have to run commercials for iPhones.

If you said to me, what’s another thing that should make you nervous if you’re a
shareholder is, why all of a sudden does Apple have to spend money on iPhones?

If there are two products that I can remember over decades that were no
advertising products, they were the Tesla and the iPhone.

They were popular.

Everybody knew what they were.

They had a signature look.

And all of a sudden, Apple’s having to spend money advertising the iPhone.

Yeah, and I think there’s a series of these commercials because I’ve seen, I
didn’t have the audio up, but I’ve seen another one with what looked like the
same actress in it, somehow using her Apple iPhone XVI AI to figure something
out for her.

I don’t want to see that.

WANT TO RETIRE EARLY? START HERE (SPONSOR)

Want retirement to come a few years earlier than you’d planned? Or are you ready
to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By
simply clicking here you can begin to match with financial professionals who can
help you build your plan to retire early. And the best part? The first
conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you
make financial decisions.

247wallst.com Open in urlscan Pro 2606:4700:10::6816:2b6 Public Scan

Form analysis 1 forms found in the DOM

GET https://247wallst.com

Text Content

247wallst.com Open in urlscan Pro
2606:4700:10::6816:2b6 Public Scan

Form analysis
1 forms found in the DOM