AAPL
🚨 Senior executive at Apple, Roby Walker, described delays in key functions of the virtual assistant Siri as ‘unpleasant and embarrassing.’
🗓️ The decision to publicly promote the technology before it was ready worsened the situation, with no clear timeline for the release of improvements.
📉 This situation raises questions about Apple’s valuation, especially with the stock trading at 30 times future earnings after a significant drop.
🔍 The video mentions Warren Buffett liquidating part of his Apple position to buy more Japanese stocks, particularly Japanese banks, which are seen as potentially benefiting from Japan’s macroeconomic tailwinds.
@bernardodegarcia:
“We are heading to Cupertino. We are now heading to Apple in one of their major fails for a long time. Apple’s chief executive in charge of the virtual assistant, Siri, told staff that delays in key functions have been unpleasant and embarrassing, and that the decision to publicly promote the technology before it was ready made the situation worse. Roby Walker, a senior director at Apple, made these harsh statements during an all-hands meeting of the Siri division, stating that the team was going through a bad time. Walker also stated that it is unclear when they will be released better, according to people with knowledge of the matter, who asked not to be identified because the meeting was private. This is a tremendous fail because, as of today, we were already expecting a smart series, but we will have to wait at least until next year. We can discuss paying Apple at a slightly high multiple, but paying 30 times future earnings when we are not going to see these improvements until a year from now, and you say 30 times future earnings after a drop from 260 to 213, not bad. But well, I think Warren Buffett was liquidating more of his Apple position and buying more Japanese stocks. I keep saying that, especially Japanese banks at this time, when Japan is looking to increase interest rates, we talk about Japan’s economy and the problems it faces, especially in the long term, but Japanese banks seem very interesting to me because they experience macroeconomic tailwinds.”
Watch the exact part of the video where Bernardo de Garcia talks about Apple here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Apple (AAPL) at the following link. AAPL stock.
