Meantime, after truly lackluster performances from Apple, there's constant talk about (false) breakouts in the stock.
Face it. It's dead money.
Yet the same group of Amazon haters would rather bitch about headlines and how unfair the AAPL-AMZN reality is. They repeat the same lines that have been proven objectively untrue over the last 13 years or so.
While it's always more complicated than a couple of points, two primary factors explain why AMZN not only rebounds, but strengthens, as AAPL remains a junkyard full of false starts (a
TheStreet coffee mug to the person who knows where I stole that from -- and don't use
Leadership and Strategic-Competitive Position
We know who calls the shots at Amazon. We know that he is clear-headed, confident and proven. He tells us how it is and we believe him. And that makes sense; Jeff Bezos has only been proven right for the last decade-plus.
We have no idea what the hell is going on at Apple.
Tim Cook refuses to address
what in the world is happening with Apple TV
. But, hey, everybody loves this new guy we never heard of before who strung together a few sentences (and, like every other Apple executive,
a whole bunch of adjectives
, without stuttering at WWDC.
Strategically and competitively, there's no question who not only leads today, but will lead tomorrow in Amazon's space. They're the undisputed e-commerce leader. It's almost as if everybody is coming for them and nobody is coming for them at the same time. It feels that way because there isn't another entity even close to creating the online retail ecosystem Jeff Bezos has established and continues to evolve at Amazon.
Plus, we know what Amazon is. An online retail company. We know why they do everything else they do. It's clear, plainly spelled out, completely obvious and damn effective.
Apple might dominate today, but, without anything resembling
the next big thing
on the horizon -- as in, a repeat of iPod, iPhone or iPad -- we have no visibility into the more meaningful question: Will Apple still dominate tomorrow?
We don't even know what Apple is.
A hardware company? Well, of course they are. I know this. But Tim Cook likes to play the smartest guy in the room with this babble about Apple being a software company. There's no focus. And that's because there cannot be focus without confident and competent leadership. Investors prefer focus, not uncertainty.
In every way, right now and going forward, Amazon is a better investment
a better company than Apple. But, go ahead, make the same arguments over again. Nobody will notice that they're wrong. They'll be too busy telling Jim Cramer to fire me because of this article's headline.
Written by Rocco Pendola in Santa Monica, Calif.
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