This week, Apple announced their earnings for the first quarter. The Internet, predictably, went a little nuts. The Wall Street Journal reports that while iPhone sales were up compared to last year, the actual number of phones sold was still below predictions. As a result, Apple took a bit of a tumble in the stock market, losing about 8 percent of its stock value.
The earnings report from Apple has prompted all kinds of responses, from the reasoned to the reactionary. Here are five of the most interesting reactions Apple’s earnings report provoked.
1. Donald Trump: I Blame the Tiny Screens
I predicted Apple's stock fall based on their dumb refusal to give the option of a larger iPhone screen like Samsung. I sold my Apple stock
— Donald J. Trump (@realDonaldTrump) January 28, 2014
Why did iPhone sales miss the mark by 3-6 million units? Trump blames the iPhone’s small touchscreen. “The Donald” took to Twitter to rant about Apple’s shortcomings earlier this week, and even tweeted that “Steve Jobs is spinning in his grave.”
2. Forbes: Apple Is Like Bill Murray in ‘Groundhog Day’
— Fortune Magazine (@FortuneMagazine) December 9, 2013
Oddly enough, as seen in the tweet above, Fortune also recently compared Apple to “Groundhog Day.” That mention was made in reference to Apple’s relationship with China Mobile.
It appears that Forbes may have borrowed the “Groundhog Day” comparison idea from Fortune. In their reaction to Apple’s stock hit and missed projections, Forbes made the interesting choice to compare the earnings call to the 1993 Bill Murray movie.
…Put Apple in the role of Bill Murray’s weatherman Phil Connors for a second. You keep waking up in a world that’s not especially different than the day before. You can keep doing what you’re doing and nothing will change or you can subtly, slowly rewrite the rules…Murray’s character did something else important. Unbeknownst to the people around him, he became an expert piano player, sculptor, raconteur and gentleman. For Apple, the analogous skills might be: TV device seller, wearables company, mobile-payments leader and provider of less-expensive mobile phones, to boot.
Comparing Apple to Bill Murray may seem like a stretch, but Forbes makes some interesting points.
3. Wired: ‘Nothing Apple Does Is Ever Good Enough’
"Apple is like a wildfire. It burns so hot, it creates its own weather" | Why Nothing Apple Does Is Ever Good Enough http://t.co/Uyc5dDWtOc
— J Wong (@TheWongNumber) January 28, 2014
Using language familiar to any neglected middle child, Wired’s Marcus Wohlson penned an article entitled “Why Nothing Apple Does Is Ever Good Enough.” Writing “No matter how well it does, a whole different school of stock market physics seems to apply,” Wohlson went on to gently poke fun of “Wall Street’s rats-off-a-sinking-ship reaction to another quarter of stratospheric sales and profits.” In order to appease Wall Street, Wohlson suggests that Apple make in-roads in getting smartphones into the hands of those people who don’t already own one.
4. Carl Icahn: Gimme More Shares!
Bought another $500mil of $AAPL tday, bringing our total to $3.6 billion. If board doesn’t see AAPL’s ‘no brainer’ value we sure do.
— Carl Icahn (@Carl_C_Icahn) January 23, 2014
While Apple’s stock was taking a tumble, noted investor Carl Icahn took advantage of the price dip to buy $500 million in shares. Talk about sending a message with your wallet!
5. MG Siegler Cracks Wise
Apple seems to have found a profit ceiling of $13.1B. Doomed. Time to get into the crude oil business. Only avenue for continued growth.
— MG Siegler (@parislemon) January 27, 2014
TechCrunch columnist MG Siegler had a tongue-in-cheek reaction to the earnings call. Siegler took to his personal site to comment further on Apple’s earnings. He argued, “Even if the iPhone business died tomorrow, Apple would still be one of the most successful companies in the world in terms of revenues from their other businesses.”
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