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Tuesday, March 19, 2024
Checked 4:35 AM; Last Updated 11:35 AM CDT; 16:35 GMT
 

 

Talking Heads Discussion

May 3, 2016
Headline: "Tim Cook's Failed Apple Pitch: Apple CEO Tim Cook insisted last week that everything was great with his company despite its first quarterly revenue decline since 2003. He and Apple's chief financial officer used the word 'optimistic' 10 times during a conference call with analysts. Then the company's share price pessimistically fell for eight consecutive market days: something that hasn't happened to Apple in nearly 18 years."" [""Here's what Cook didn't say: 1) Apple has been misjudging its own business, and that makes it tough to believe what executives say; and 2) The company failed to prepare investors for an inevitable slowdown in growth -- even if that slowdown proves temporary. If one duty of public company executives is to underpromise and overdeliver, Apple has flopped in that job..""] BloombergGadfly


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