This Day On The Street
Continue to site
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

Sorry, Apple Investors, It's Not the Same Stock

NEW YORK ( TheStreet) -- The new iPhones are out, there's no new groundbreaking product, and a deal with China Mobile Limited (CHL) is not yet official -- although Apple (AAPL) has obtained a license to sell on its 3G and 4G networks.

Before going on, I must admit that I am not in the "anxiously-awaiting-the-supposed-iWatch" camp. An iWatch could do wonders for the health and fitness crowd, but beyond that, I just don't see it contributing all that much.

New revenue is new revenue, to a point, but it's not likely the product that will significantly move the needle. Hell, as a shareholder, I hope I'm wrong. But either way, this company needs time and patience, something that Wall Street doesn't concede very easily.

CEO Tim Cook never had a chance when it came to public scrutiny. While former CEO Steve Jobs was flawless in executing the transition in leadership, the product cycle didn't favor Cook -- as if filling Jobs' shoes wasn't hard enough. Now investors are growing more impatient without a new, revolutionary product.
[Read: <a target="blank" data-add-tracking="true" href="http://www.thestreet.com/story/12034281/1/apples-iphones-are-built-for-collect-calls.html"><em>Apple's iPhones Are Built for Collect Calls</em></a>]

Instead, we've seen only evolutionary. But Apple isn't known for introducing new product after new product. Rather, it has a new, game-changing product spaced out over several years. Apple has the iPod, iPhone and iPad. Those didn't all come within a three- to five-year time span, and so why should we expect something else to?

I'd rather have a great product that took its time finding its way into the marketplace than something that was hurried in. Cook happened to come in at a time where no new products were on the verge of introduction.

While Cook isn't the charismatic showman that Jobs was and is known for his efficient product channeling and warehousing more than for his innovation, that doesn't mean he's the wrong guy for the job. You need both kinds of people at a tech company.
[Read: <a target="blank" data-add-tracking="true" href="http://www.thestreet.com/story/12037176/1/for-all-our-good-let-student-debtors-go-bankrupt.html"><em>For All Our Good, Let Student Debtors Go Bankrupt</em></a>]

Without innovation, the company is doomed to fail. Look at what happened to BlackBerry (BBRY), as management never thought the phone market would change from a keyboard and scroll ball.
1 of 2

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
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
SYM TRADE IT LAST %CHG
AAPL $112.92 0.00%
FB $89.73 0.00%
GOOG $637.61 0.00%
TSLA $242.99 0.00%
YHOO $33.69 0.00%

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs