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Apple's Stock Has Dropped Last Six Times Tim Cook Talked

By - Source: Huffington Post | B 36 comments

Since Tim Cook took over as CEO, Apple has been replaced as world's most valuable firm.

For the sixth time in the past five months, Apple's stock has decreased after its CEO Tim Cook has made a public appearance and spoken.

In a trend that commenced during the October of 2012, which is when Cook introduced the iPad Mini, the streak has continued for about five months. The latest share price drop occurred on February 27, when Cook addressed investors and the media at the firm's annual shareholders meeting.

The six appearances and opening/closing share prices of Apple when Cook has publicly appeared and spoken are (the stock prices are from the following day in order to see how the markets reacted to Cook's comments):

  1. Annual Shareholder's Meeting, 2/27/2013 -- Open: $448.43/Close: $444.57
  2. Goldman Sachs Technology Conference, 2/12/2012 -- Open: $479.51/Close: $467.90
  3. Apple Q1 Earnings Call, 1/24/2013 (after hours) -- Open: $451.69/Close: $439.88
  4. "Bloomberg Businessweek" cover story/appearance on "Rock Center with Brian Williams" (after hours), 12/07/2012 -- Open: $553.40/Close: $533.25
  5. Apple Q4 Earnings Call, 10/25/2012 (after hours) -- Open: $620.00/Close: $609.54
  6. iPad Mini Event, 10/23/2012 -- Open: $631.36/Close: $613.36
"For December 7 specifically, we've combined two Tim Cook media appearances into one: First, a Bloomberg Businessweek story by Josh Tyrangiel published that morning, and an appearance on Rock Center later than night," The Huffington Post said. "Apple's stock did bump after the Businessweek story was published, but then declined following the airing of the Brian Williams spot several hours later."

Since September during the iPhone 5's launch, Apple's stock price has dropped from a record high of above $700 to a closing price of $444.57 on February 27. During that period, Apple lost its position as the world's most valuable company.

At the Goldman Sachs Technology conference on February 12, Cook stated that OLED displays are "awful", as well as stressing that Apple is "unrivaled" in innovation and that the iPhone maker has no limits.

Cook, who took over as Apple's CEO on August 24 2011 after the firm's late co-founder Steve Jobs stepped down to become the chairman of the board, has been called a technology "lightweight". David Sobotta, a former director of Apple's federal sales group, had also criticized the executive's management style.

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  • 29 Hide
    lunyone , March 4, 2013 5:11 AM
    Could it be that the market is just re-positioning the stock down to it's realistic value?
  • 23 Hide
    Chairman Ray , March 4, 2013 5:21 AM
    Losing almost 1/3 of stock price in just a quarter is quite a downfall. They still won't beat how fast Facebook's stock fell though.
  • 21 Hide
    bluekoala , March 4, 2013 5:24 AM
    lunyoneCould it be that the market is just re-positioning the stock down to it's realistic value?


    Yes, that and the Steve Jobs worshippers are losing confidence in their golden idol.
    But in any case, I just wish all the patent trolling would cease. It keeps the prices of electronics artificially high.
Other Comments
  • 29 Hide
    lunyone , March 4, 2013 5:11 AM
    Could it be that the market is just re-positioning the stock down to it's realistic value?
  • 23 Hide
    Chairman Ray , March 4, 2013 5:21 AM
    Losing almost 1/3 of stock price in just a quarter is quite a downfall. They still won't beat how fast Facebook's stock fell though.
  • 21 Hide
    bluekoala , March 4, 2013 5:24 AM
    lunyoneCould it be that the market is just re-positioning the stock down to it's realistic value?


    Yes, that and the Steve Jobs worshippers are losing confidence in their golden idol.
    But in any case, I just wish all the patent trolling would cease. It keeps the prices of electronics artificially high.
  • 9 Hide
    bluekoala , March 4, 2013 5:25 AM
    Chairman RayLosing almost 1/3 of stock price in just a quarter is quite a downfall. They still won't beat how fast Facebook's stock fell though.


    Look up Nortel Networks.
    That has been a disaster here in Canada.
  • 11 Hide
    memadmax , March 4, 2013 5:46 AM
    It's because he and the company haven't found any new ways to sucker the kids into buying their products....
  • 13 Hide
    The_Trutherizer , March 4, 2013 6:22 AM
    The market can be a nasty place. But then Apple's strategy and pricing has always been a bit nasty as well. Cook is just not as good at selling it.
  • 13 Hide
    kineticsteel , March 4, 2013 6:44 AM
    IF this is true, I wonder why Tim hasn't noticed and decided that maybe he should find someone else to do pr for him?
  • 6 Hide
    mman74 , March 4, 2013 7:22 AM
    lunyoneCould it be that the market is just re-positioning the stock down to it's realistic value?


    How does one derive a value of a company? Well there's it's physical assets, there's also it's rate of income, then there's that unquantifiable portion which can be best described as in the market's expectations for tomorrow.
    So since Tim took over, what's changed? Well it's assets and income is more or less the same, and if the iPhone 5 numbers are to be believed they are in fact doing better than ever. The only thing that's changed is the leadership, and under the new guy they've stopped believin', they've lost that feeling!
  • 2 Hide
    steve360 , March 4, 2013 7:50 AM
    Here's a brilliant idea - tell Tim Cook to shut up. Oh wait, he's the CEO...he really can't.
  • 6 Hide
    NuclearShadow , March 4, 2013 7:56 AM
    Guess it's time to put a gag on Cook.
  • 0 Hide
    faster23rd , March 4, 2013 8:10 AM
    Wow, those are significant dips triggered by the face of one man. Indicative.
  • 0 Hide
    cats_Paw , March 4, 2013 8:17 AM
    I think this guy wants to challenge Blamer for worst CEO ever (just kidding).

    Well, its not good, but there is an economical recesion after all...
  • 1 Hide
    merikafyeah , March 4, 2013 8:38 AM
    The_TrutherizerThe market can be a nasty place. But then Apple's strategy and pricing has always been a bit nasty as well. Cook is just not as good at selling it.

    Naturally, since "the market" is driven by fickle and fearful "investors" who drop shares on mere rumors. Like this example which lost Samsung $10 BILLION in market value:
    http://www.tomsguide.com/us/DigiTimes-Samsung-DRAM-Elpida-Apple,news-15274.html
  • 3 Hide
    neiroatopelcc , March 4, 2013 8:59 AM
    Great news
  • 8 Hide
    Soda-88 , March 4, 2013 9:08 AM
    Every time I see that picture of him with that smug face I want to punch him.
  • 4 Hide
    back_by_demand , March 4, 2013 9:08 AM
    Someone book him every day till it drops to junk bonds, at this rate if we have him talk every day we can catch the Xmas rush
  • 5 Hide
    kartu , March 4, 2013 9:13 AM
    Quote:
    Cook stated that OLED are awful...

    Oh, yeah. It is awful when you can't get them to use in your products...

    bluekoalaYes, that and the Steve Jobs worshippers are losing confidence in their golden idol.But in any case, I just wish all the patent trolling would cease. It keeps the prices of electronics artificially high.

    This cannot depend on companies. USPO, not Apple, is broken and it's up to the politicians to fix it. Apple is just well known for misusing (heck, threatening Palm with a patent litigation if they don't sign no-hire policy!) it, but they didn't create the system.
  • 4 Hide
    Marcus52 , March 4, 2013 9:34 AM
    mman74How does one derive a value of a company? Well there's it's physical assets, there's also it's rate of income, then there's that unquantifiable portion which can be best described as in the market's expectations for tomorrow.So since Tim took over, what's changed? Well it's assets and income is more or less the same, and if the iPhone 5 numbers are to be believed they are in fact doing better than ever. The only thing that's changed is the leadership, and under the new guy they've stopped believin', they've lost that feeling!


    I think you are putting more faith in investors actually knowing something about the company and "investing" their money in some kind of wise way. The stock market is, bottom line, mostly about gambling, rolling the dice just like in a craps game.

    A company selling shares of itself to raise capital is a good thing, but this business of selling those shares back and forth as a normal way of doing business is just insane. And, even crazier than that, games like poker are illegal in much of America, and internet poker is still illegal. We can put the country in a recession with bad stock market gambling, but we can't play poker for fun? Absolutely looney-toons.

    It's very clear to me that Apple's stock has been vastly over-valued (but then, the value of something is determined by how much a customer will pay for it, so if someone is willing to pay $700/share, it's worth that at the time.) and frankly I wonder how it got that way, and why isn't the FTC looking into possible market price manipulation (maybe they are).
  • 3 Hide
    bnot , March 4, 2013 10:23 AM
    It's time to "cook" up holographic Steve Jobs to do the talking from now on.
  • 2 Hide
    dragonetti , March 4, 2013 11:23 AM
    IMO people see more and more what Apple is. Aside that they have a steady group followers(for how long??), people realize that their isn't much revolution anymore from Apple. Plus the fact the way en by whom the device are made en how much profit is made over the back of factory workers, customer and environment they are turning their backs from Apple to invest in and buying their product. Stock are going to their real value in stead of the hyped value, lets see what happens with their product prices and profits when Apple is forest to sale their product against lower rates do to the strong persistent competition from outer manufacturers and sales in the upcoming countries and competition at that market.
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