Tuesday, January 29, 2008

Jobs weighs in on the AAPL rout

AppleInsider has gotten its hands on an internal memo from Jobs to Apple employees commenting on the recent large drop in AAPL's price.

Not surprisingly, he didn't really say anything specific, but obviously he felt the concern about the stock price was enough to warrant speaking out and providing assurances.
"...we have outperformed many other blue-chip tech companies, including Google. I continue to believe that our fundamentals - our remarkable people, our clear and focused strategy, our new product pipeline, our 200+ retail stores, our $18 billion of cash in the bank with no debt, etc., will serve us well in the coming months and years."

1 comment:

Anonymous said...

He didn't mention that most likely had we released an iPhone with 3G technology we would have sold MANY more iPhones in Eurpoe as they are mostly 3G in Europe and accustomed to faster internet than US cell phones and would probably not had out stock fall so low.