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

How Apple Could Become America's Most Hated Company

NEW YORK (TheStreet) -- Visit Canada and you'll have an easier time finding BlackBerry (BBRY) devices -- even Playbook tablets -- out in the wild than you will Canadians who have anything nice to say about Rogers Communications (RCI) and BCE, Inc. (BCE) (formerly Bell Canada).

If you think Americans hate cable companies, just talk to Canadians about Rogers and Bell. The duo doesn't just control cable in Canada, they combine to control a bunch of other ubiquitous stuff -- from wireless and landlines to any radio/television stations and programs that matter to the Toronto Maple Leafs, among other major sports teams, venues and more.

Take Comcast (CMCSA), combine it with DIRECTV (DTV), Verizon (VZ), Madison Square Garden (MSG) and Clear Channel and you'll be close to expressing a U.S. version of the loathed Rogers-Bell combo.

Or -- minus cries of monopoly and duopoly -- maybe we only need to look to Facebook (FB). They're building just as evil an empire. And the last thing we should do is suggest Apple (AAPL - Get Report) do anything that even resembles likewise.

Must Read: IRS Rules Bitcoin Can Be Treated as Capital Assets

Why would Tim Cook crush the goodwill, trust and loyalty it took so long for Apple to build by becoming, in the eyes of a beyond cynical and beaten down public, like Facebook?

We're living through one of the peaks in a phenomenon that never goes away, but steps up in intensity every time Facebook makes an acquisition.

The tendency for the tech and financial media to go on a four-pronged binge of inanity that floats leaps of illogic:

  • Facebook bought Instagram, WhatsApp and Oculus VR. Google (GOOG) bought YouTube and Nest. Apple hasn't done anything.
  • Apple's stagnating because all of these acquisitions have gone on around them, but they haven't done anything. They missed out.
  • Apple should buy Netflix (NFLX) or Tesla Motors (TSLA) or Disney (DIS) or all three. And Comcast could buy Yahoo! (YHOO) and then Apple could buy that combined company. When all is said and done, Apple would own Netflix, Tesla, Disney, Comcast, Yahoo! and, of course, Time Warner Cable (TWC).
  • Finally, Apple would be doing something.

I'm exaggerating, though not by much.

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
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 $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs