In a recent interview done between Tim Cook and CNBC last night, Tim highlighted his huge concern behind the growth of the Apple. He is optimistic about the future projects of the growth of the Apple as well as pessimistic. Apple’s stock price has nearly dropped by 11 percent since Apple has announced their first quarter results and 27 percent went down last year.
Billionaire investor Carl Icahn sold its shares in Apple worth 7 million. Even he is not sure about the growth and the future of the company. Tim Cook says that Apple is guilty about over reacting on the issue of the Apple.
Tim says that Apple is not immune to the market forces and like any other company Apple can also land in trouble. Apple at one point of time was at peak. Apple could not much control the situation during the iPhone 6 launch and the completely lost it. Unfortunately people did not appreciated much, Apple launched another follow up model which was iPhone SE for protecting their loss however it again failed big time. People consider iPhone 6 series as a costly device. They do not find anything worth spending that much within the phone.
Instead of all the failures, Cook still has a plenty of reason to support the optimistic growth of the company in upcoming quarters and they are: · Apple still rules the market as compared to the other brands.
· Apple may have failed in China however there are still a lot of hopes left in the economy.
· Indian economy is growing market for Apple and Tim is hoping a lot from the land.
· Apple’s consumers are most satisfied and loyal as compared to the other brands.
· Apple is innovating big time for recreating the old magic.
Tim says Apple is concentrating at a larger picture and Apple will surely come out of the debt of the loss sooner. He is not worried about any quarterly results neither he is predicting Apple’s growth quarter by quarter.