Lukáš Čambala Even before another week started and the stock market opened, and therefore more games with stocks, several companies experienced a steep fall in prices, among them Apple, whose share price hovered around the $100 mark apiece. It was a response to the situation in China, which in recent weeks has been experiencing a recession after several years of growth. The Chinese government, which primarily wanted to strengthen the Chinese currency, is primarily to blame. However, not everything always goes according to plan and it was only a matter of time before the changes were reflected in the financial markets.
It is more than clear that uncontrolled panic has started among investors. In response to this cycle of events, Apple CEO Tim Cook also commented on the situation in the financial markets in a very rare way in the middle of the quarter. He sent an e-mail to CNBC's Jim Cramer, in which he assured him that there is no need to worry about Apple in the Chinese market, because it is more than successful there.
Apple's @tim_cook just emailed @jimcramer @CNBC pic.twitter.com/zzEqmDKFUK
— Carl Quintanilla (@carlquintanilla) August 24
Cramer's Tim Cook he assured in an email, that he follows the situation in China every day and that he is constantly surprised by the growth of his own company, especially in the months of July and August. In the last two weeks, both the growth of iPhones has strengthened and Apple has recorded record results in the Chinese App Store.
As the head of Apple himself admits, even he can't tell from a ball, however, the situation of his company in China is said to be stabilized. Cook then continues to see China as an endless ocean of opportunities, mainly thanks to the currently low LTE penetration and the growth of the middle class that awaits China in the coming years.
An almost unprecedented statement about the situation on the financial markets outside the announcement of quarterly results could eventually get Tim Cook into trouble. With his e-mail, he may have violated the rules of the US Securities and Exchange Commission (SEC), which aims to protect investors, manage markets and facilitate capital formation.
According to the Commission's rules, Cook does not have the right to disclose the current status to disinterested persons who could potentially profit from the information. The exception is usually the media, but the problem with Jim Cramer is that he also co-manages the Action Alerts PLUS portfolio, which holds Apple shares for a long time. The SEC will probably be investigating the whole matter.
If "Jim Cramer also co-manages the Action Alerts PLUS portfolio, which holds Apple shares for a long time," then he is not a disinterested person, so the SEC will not investigate anything. That's another article... level…
We've all gotten used to the fact that applecart goes pretty well against apple. fabrications, ridicule of employee diversification and the like. I don't understand what's going on.
Jablickar does not ridicule the leftist theory of diversity at all, as anyone who reads those articles knows, even blinded neo-Marxists like you. Jablickar only informs what was born again in the head of the enraptured Cook, who jumped on the currently popular wave of degeneration of human society experiencing a boom in the USA and from there importing to the EU.
The least intelligent thing in this day and age is to turn one tweet into an article that lasts about 1 hour! All stocks fall because there is a wave of nervousness from the economy. China's outlook, so the hysteria in the markets will continue for a while, but no one can guarantee where it will fall. There are many influences shaking the world.
It stinks that Tim is commenting on the situation at all...
In order not to comment, the shares started at 90 dollars and in about a year they got to plus or minus 130. Now, within 2-3 weeks, they have fallen almost to their original level and may fall further, even below their original value ;)