NEW YORK (TheStreet) -- That evil bastard called cancer took Steve Jobs from us too soon. If he is looking down on us from wherever or has come back as a cat or some such, he's likely to die another death. Observing the state Apple (AAPL) is in has got to make him sick.

I must qualify my sentiment: I operate under the assumption that, while Apple still dominates near-term, there's something amiss. As much as I have an unabashed love for Apple . . . wait . . . Allow me to stop down for a second . . .

In our household, we have a MacBook Pro with Retina Display, three iPhone 5s, two "regular" iPads, one iPad mini, an iPod Shuffle, an iPod Nano and an old school, crazy big pinwheel iPod. I have never spent so much money that I did not have to spend (most of it over the last year) with one company in my life. I use Apple Maps and iTunes daily. I like them both as much, if not more than most.

So, yes, I believe in Apple. There's nobody that does much of anything -- save Roku -- better. The selloff in AAPL stock has come much too soon.

That said -- despite my adoration and pricey display of consumer loyalty -- I can't just say, Stay strong fellow warrior and buy the dips! because, that's an emotional response and, in investing, unchecked emotion -- as well as blind faith in your leaders . . . or anything -- can get you killed.

Let's just knock it down to what it is. Once again, I will do what few have the courage to do -- poke the elephant in the room.

Relatively speaking, Tim Cook has absolutely no idea what he's doing. I say, "relatively," because I do not mean "relative" to standard hacks like me or you (not you!), but relative to Steve Jobs, relative to the way Apple once was. Apple never answered to and didn't take no **** from nobody (nod to another Northeast pop-rock icon Billy Joel). Shareholders. Hedge fund managers. Customers. The competition. The Chinese.

But, man, those days are gone. Long gone. And, fair or not, it's on Tim Cook.

Seriously, add this incredibly odd apology to the Chinese, posted in Chinese at the Apple Web site, to the list of B-player head scratchers committed by Cook in his tenure thus far.

As TheStreet's Special Projects Editor Carlton Wilkinson noted when he discussed this Monday, Why no English version of the apology? Does Cook think investors don't care about something that helps knock the stock down more than 3%? And why apologize in the first place with a press release that requires another press release for explanation?

Cook succeeded at nothing with his apology. In fact, just like he did during MappleGate, Cook pushed people who would generally look to Apple for answers to a Google ( GOOG) service. TheStreet's Chris Ciaccia had to employ Google Translate to make sense of what Cook said. (I'm only half-joking here).

But, in all seriousness, this is just not the Apple way.

TheStreet contributor Oliver Pursche penned an article I agree with most of the way through Page One. But as Page One turns into Page Two, he loses me.

Pursche comes to the same not only sad, but terrifying conclusion as so many others: Apple is not done innovating, it still dominates, the stock should be higher (I pretty much agree with all of that), but it has all of this cash and it must use it to hike the dividend and give the stock a spark. He even floats the idea of a stock split.

The sad and terrifying part isn't even that this is Pursche's opinion. He's entitled to it. It's quite popular these days. What makes me want to cry, triggers one of those middle of the night silent screams and prompts me to cue the most melancholy from Elliott Smith's catalog is that it appears Tim Cook and the Apple Board -- to some extent -- agree.

They have indicated they'll do something with all of this cash Steve Jobs was so intent on hoarding.

I understand this is difficult for folks who disliked any part of college outside of drinking and business class to understand, but it's not the actual act of apologizing, hiking the dividend or managing to the stock price that concerns me. While these things, in and of themselves, warrant anxiety, it's the bigger picture they portend that induces vomit.

Apple has this amazing business and all of this cash, in large part, because it has not conformed to any sort of logic all these years. You can say I am beating a dead horse, but remember, I'm beating that horse alongside a seemingly endless drop in Apple stock and an unprecedented period of uncertainty regarding what, if anything worth writing home about, is next.

-- Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.