This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Apple's Shareholder Meeting: 3 Things to Expect (Update 1)

Stocks in this article: AAPL GOOG AMZN

Supply Chain Issues

Apple has increasingly had to deal with supply chain issues, despite Cook's reputation as an operations genius. The company experienced a shortfall in iMac production in the holiday quarter, leading Mac sales to come in sharply below estimates. There were also constraints on the iPhone 4, which surprised Apple. Cook addressed some of these issues at the recent Goldman Sachs conference, but shareholders will certainly press Apple again on this issue.

Cook noted on the earnings conference call that iMacs were down by 700,000 units year over year, but said that last year's extra week, supply constraints, and the general downturn in the PC industry hurt sales.

A recent report by NPD suggests that Apple has worked through some of those supply chain concerns, with Mac sales growing 31% year over year.

Piper Jaffray analyst Gene Munster wrote in a recent research note that Apple is just catching up to demand. "We note that the company stated there was a 700k y/y iMac unit decline in the December quarter, which we believe was caused by supply issues around the redesigned iMacs," Munster penned, in the note.

Apple has worked diligently on improving its transparency, from releasing its supplier list, to making Cook more accessible to the media than his predecessor. Continuing to improve the supply chain is a major part of that.

Shareholders, though, are growing frustrated, as the stock price continues to decline. It's up to Cook to assuage their concerns.

-- Written by Chris Ciaccia in New York

>Contact by Email.

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,055.27 +3.45 0.17%
NASDAQ 4,768.1250 +10.2460 0.22%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs