This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Bull Case Laced With Sloppy, Bearish Holes

Gassee claims Apple shouldn't run around telling everybody how great it is; they should let others do that for them. He stops short, however, of finishing his thought.

When you deliver like Apple has, you absolutely can tell the world how great you are. Bragging only becomes a problem when you talk the talk, but do not walk the walk.

For whatever reason, that's what happened with Maps. Apple put out a subpar product that -- and this is key -- did not come alongside something revolutionary.

That's why the Maps miss stands out as glaring.

More Gassee:
The implication that Jobs would have squelched Maps is misguided. I greatly miss Dear Leader but my admiration for his unsurpassed successes doesn't obscure my recollection of his mistakes. The Cube, antennagate, Exchange For The Rest of Us [a.k.a MobileMe], the capricious skeuomorphic shelves and leather stitches . . . . Both Siri -- still far from reliable -- and Maps were decisions Jobs made or endorsed.


There's lots in there that I guess we're supposed to accept as fact just because we're hearing it from Gassee. That's too bad because he leaves out key points that might ding his thesis.

In particular, Jobs' most recent mistakes came alongside the introduction of revolutionary products. We're talking about a period that not only saw the iPod, iPhone and iPad, but an unprecedented MacBook resurgence. You can throw an interception or two when you're turning in Joe Montana-like performances.

In his defense of the Maps debacle, Philip Elmer-DeWitt makes an imprecise point (via Fortune) that also appears to have passed muster minus critical review.

After discounting Nocera's Jobs-Cook assertion, DeWitt says,
Besides, the decision to pull the plug on Google's mapping database at the end of what was probably a five-year contract had to have been made while Jobs was running the company.

First, I take exception to the imprecise "probably." And the "had to have been made while Jobs was running the company." He stopped running the company on Aug. 24, 2011. And, who knows, to what extent he was involved prior to that?

But, that aside, Elmer-DeWitt confounds the issue. While Jobs might have endorsed ending the Google (GOOG) relationship, he surely did not approve an inferior application as the replacement.

Heck, Apple released Siri (at least they called it a beta version) in late 2011. Elmer DeWitt's colleague at Fortune, Adam Lashinsky, reported that "a former Apple insider" told him that "Steve would have lost his mind over Siri."

Apple bulls accuse those of us who, admittedly, obsess over Steve Jobs of living in the past. I don't deny the charge; however it works both ways.
2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 0.00%
FB $99.51 -0.24%
GOOG $677.65 -0.75%
TSLA $147.00 -0.67%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs