Market Analysis: AAPL 3/19/2014

Tim Cook Outraged at New Book Critisizing Apples Future

Apple CEO Tim Cook is outraged about a new book called Haunted Empire: Apple After Steve Jobs. The book strongly says that the company has lost their ability to innovate new products since Steve Jobs death. The book argues that Apple is trapped in Steve's shadow and is moving away from being the legendary tech company we know it to be. The book goes on to argue that the company is following in IBM's footsteps and tht it is headed for decline.

Tim Cook argues that the book fails to capture what Apple truly is. He says that Apple has 85,000 employees who come to work and do their best each day to create the world's best products. He says that he feels confident in the companies long term success for decades to come.