My phone costs $15 -- i just have an emergency pre-paid phone. I kind of hate tinkering with smart phones. and not to mention their long term contracts. and phone prices. and annoying apps, and etc misc I do everything on my Windows PC laptop only.
I was thinking the same thing about Apple in general, not Cook. The question is: what consumer electronic product can Apple come out with that many people need or want? What idea can Apple develop and sell? Most people already have what they need. Consumers already have music players, iPod, smart phones, iPhone, tablets, iPad, available to them. What other product do consumers need? I agree Mr. Cook is a businessman, an executive, first before innovator the way Mr. Jobs was. However, even Mr. Jobs would be hard pressed to find another breakthrough product. What's more, Apple is facing competition in every product category. There are many iPod, iPhone and iPad alternatives. Most businessmen tend to be cautious. That's how they made it to the top. Most businessmen don't take huge risks the way the original business founder did. BTW, I only need a prepaid flip-phone. I like the size and carry it in a small leather clip-on case. I use my main desktop for most communications. Here is my desktop (see the first and last minute). On the road I use a 15.6" laptop in a backpack. I cannot think of any new product lots of people would need or want. Can anyone here come up with a new idea? Who here has that million dollar idea?
I don't know... Feels kind of undervalued to me. Wouldn't be surprised to bounce from 200 MA and get back to $108 soon.
IMHO, AAPL's Friday move is part of the larger market. IMHO, seasonality-wise, the market's moving down until the end of September/beginning October. IMHO, overnight moves are usually volatile. Right now AAPL is $104.78. IMHO=In My Humble Opinion