Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL)’s Tim Cook Is Trying My Patience

Page 1 of 2

When Tim Cook succeeded Steve Jobs as the chief executive officer of Apple Inc. (NASDAQ:AAPL), , I wanted to give him the benefit of the doubt.

The burden of following the legendary Jobs, while promising riches beyond belief, looked like a no-win situation for Cook. His accomplishments would inevitably be traced to Jobs and Cook’s failures would be a result of his own poor performance.

Apple Inc. (AAPL), Inc. (AMZN), Barnes & Noble Inc. (BKS)

But now I am running out of patience with Cook.

Like much of the rest of the civilized world, I am waiting for Apple to come up with a new “wow” innovation, something that was a hallmark of the tenure of Jobs, who passed away Oct. 5, 2011. Cook has chosen to recycle existing successes.

The U.S. media suggest that Apple Inc. (NASDAQ:AAPL) may announce the birth of iRadio at its annual Worldwide Developers Conference on June 10-14 in San Francisco.

But this has been described as a “Pandora Media Inc (NYSE:P)-like” innovation because users can customize the music to meet their tastes.

Hmmm. Well, I can remember back during the good old days, when every tech company was scrambling to concoct an “Apple-like” product.

Maybe Cook will drop a bomb at the conference and change my perception of him. Perhaps he will ignite Apple’s stock price and send it back to the stratosphere. Or maybe he will deliver a dud.

The company’s stock market performance has been desultory.

And most discouraging of all, Cook can appear to be insensitive to the plight of his stockholders, as he mouths vague observations about Apple Inc. (NASDAQ:AAPL)’s performance and prospects.

I used to think that Cook was being shrewd and wily to keep the information close to his chest, aware that Google Inc (NASDAQ:GOOG) and other Apple rivals hang on his every word. Now, however, I wonder if Cook actually has anything to say at all. Of course, people can argue — with a measure of reason — that it would be foolish of Cook to say anything, in the fear that he could allow his foes to beat Apple to the next tech breakthrough.

It’s also a fair point to say that Cook deserves more time than just a few years to make his mark. After all, Jobs didn’t present the iPod, the iPhone and the iPad overnight.

But I’d contend that Cook is hardly a rookie at Apple Inc. (NASDAQ:AAPL) — and this kind of scrutiny, fair or not, goes with the turf of running what is widely considered the most dynamic company in Silicon Valley, if not the entire United States.

Wall Street apparently seems to wonder about that, too.

Since Cook became CEO on Aug. 24, 2011:

  • Apple is up 20%.
  • The S&P 500 is up 39%.
  • SPDR Technology Select Sector ETF is up 35%
  • Google is up 65%.

Since Cook announced a management shakeup on Oct. 29, 2012:

  • Apple is down 25%
  • The S&P 500 is up 16%
  • SPDR Technology ETF is up 10%.
  • Google is up 28%.
Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!