Apple Intelligence is the latest and perhaps greatest blunder by Cook and Co. The fact that Apple was blindsided by AI’s meteoric rise and Apple’s inability is just another failed opportunity by the C Suite. Notch this one up to the massive failure of Project Titan, (Apple Car), and frankly, failure to deploy cash into strategic buyouts and takeovers at distressed pricing. Among these include opportunities to buy $TSLA and $NFLX.
Another massive miss is Newton 2.0c, the Apple Vision Pro. It’s evident that Steve Jobs’ visionary pipeline is now closed. Apple TV hardware? DOA even though Gene Munster still probably says, “it’s coming in 27!” Satellite communication? SpaceX and Starlink ran the end-around? iPhones and iPads? Yearly minute evolutionary gains that hardly move the needle. I’d hate to be an employee at Apple today. They go to work and act as a dam keeper, plugging leaks instead of working on new innovative earth-shattering products.
And this is also putting aside the manufacturing debacle Apple now finds itself in with 95 % international production, the majority in the hostile China/CCP.
Tim Cook has many failures in his past that brings Apple to where it is today, a listless behemoth swimming in an ocean of innovation. Unfortunately, he’s got a Bill Belechik level of bulletproof-ness but even Bill got canned. Tim, it’s time to step aside to prevent increased damage to the company and your legacy.
IMHO, Apple is headed to $200 and possibly $180. At this point, it should trade with the multiple of an aging utility, something on the order of a 16 – 20x forward PE.
Look out below!
PAWN 