Apple’s alleged failure is all over the news today. At the top of the Drudge Report reads the headline, “Apple Future Questioned.” This leads to an article from Yahoo that claims Apple isn’t doing so well.
“Apple Inc <AAPL.O> shares slumped nearly 7 percent in after-hours trading as its fourth-quarter revenue forecast fell short of estimates and it missed some targets for iPhone sales.”
The article goes on to note that Apple said on Tuesday it sold 47.5 million iPhones in the third quarter, up 35 percent from a year ago. But some analysts had expected around 49 million. Because of that, people are calling Apple a failure.
Then, there is the case of the Apple Watch. Apple did not release exact numbers, but the Guardian points out that Tim Cook says the Watch has sold well.
“The company gave no solid sales figures although chief executive Tim Cook suggested it was already a $1bn business and told analysts the possibilities for the watch were enormous.”
The Guardian goes on to note that Apple actually beat Wall Street’s expectations as its earnings were four cents better than predicted. However, investors were still disappointed, and shares dropped 7.48 percent. It seems that Apple can do nothing short of creating a miracle in order to satisfy investors.
For the past several weeks, media outlets have been trying to come up with tabloid-like articles on how much of a flop the Apple Watch is. A recent article from CNN Money claimed there is more interest in the iPod than there is in the Apple Watch.
“A search on Google (GOOG) Trends comparing five of Apple’s products — iPod, MacBook, iPhone, iPad and Apple Watch — reveals that people are searching for the Watch far less than any of the other Apple products. The iPhone is by far Apple’s most-searched product, followed the iPad.”
Of course, calling the Watch a flop based on this report doesn’t take into account a lot of other things, like how much the Apple Watch is selling compared to these products. One can cite statistics, but statistics are easily manipulated. Then again, there is no proof that the Apple Watch is a huge success either. However, the Watch is a first generation product that, according to many reviewers, shows promise.
Apple still has a lot of new products that will be released in 2015, including the iPhone 6s, the iPhone 6s Plus, the iPad Pro, and — possibly — the 2016 MacBook Air (and possibly MacBook Pro). People have always tried to count Apple out, but the Cupertino company always comes out on top.
[Photo by Justin Sullivan / Getty Images]