Don't lose sight of what really matters, over the long-term, at Apple. Can Tim Cook pick up the innovation and the new product pipeline where Steve Jobs left off? That's the question.
It amazes me -- based on the Twitter flow and recent articles, particularly here on TheStreet -- that so many people are willing to uncritically associate this move to return more capital via a debt offering with the notion that Apple's Worst Days Are Finally Gone.
First off, the worst days are not here. We saw them somewhere between Steve Jobs's first and second tenures at Apple. Remember, Apple remains the dominant force in the hearts and minds of people who spend considerable amounts of money to buy computers, tablets and smartphones.
It's still not clear if the worst is yet to come. The last few days have done absolutely nothing to shed light on that most important question. If you think they have, you really will believe anything she (or a whimsical market) tells you.Follow @rocco_thestreet -- Written by Rocco Pendola in Santa Monica, Calif.