This kind of reporting has become so commonplace that average folks pay no attention. Thankfully, someone does. Gene Steinberg on Apple’s recent stock price drop:
So the stock price drop was, in part, triggered by rumors, not confirmed, that some supply chain vendors had reported cutbacks in orders from Apple. Unfortunately media and financial analysts have poor memories, and thus didn’t recall the last time this happened, in late 2012, weeks after the release of the iPhone 5s. That, by the way, was perceived as a failure by some, and its little brother, the iPhone 5c was labeled a dud. Only there’s no evidence that either failed to meet or exceed Apple’s sales expectations.
What? There are patterns in business? Business analysts are not really all that good at analysis.
So confounding skeptics has been in Apple’s DNA from the very early days. Remember what they said about Macs being unsuited for serious work. And what about a graphical operating system? Real computer users worked with DOS. Macs were just fancy, overpriced toys.
And we all know how the Mac continues to outpace the PC industry in growing sales, and how the iPhone also continues to confound skeptics with its continued success. Sure, the iPhone’s rate of growth cannot continue at its current rate, but there’s no evidence Apple is going to disappoint anyone with its next earnings report. But even if the figures are favorable, the skeptics will continue to find downsides.