Policymic – Apple users are mostly happy and satisfied (well, those with stable, functional iDevices). Owners of Apple stock? Not so much. If each current share doesn’t return to and exceed its recent high value of $702, what’s the point of keeping it or buying more? Profits and growth are still promising but appear to be stagnant at the moment. Apple has had to forge ahead without the late co-founder Steve Jobs before, and growth and profitability surfaced as major investor concerns then, too.
In the mid 90s, while Jobs was off applying his brand of style and vision at NeXT and Pixar, Apple was having a problem continuing his Macintosh line of personal computers. Macintosh still commanded a price premium over the IBM PC and its clones powered by Microsoft Windows, but declining sales dogged the company. Users proudly declaring “I’m a Mac” were loyal but vastly outnumbered by the “I’m a PC” crowd, and were maybe wondering how much longer Apple could keep the dream alive. Winning lawsuits for patent infringement, which underscored a rivalry with Microsoft and would again a couple decades later against Samsung, might prove to the world that you’re “right.” A brutal truth remains that if you can’t turn a profit, you can’t grow or innovate or continue, and then these patent suit victories just ensure history will remember you as “dead right.”