Apple (AAPL) shareholders had a rough start to 2008 as the stock price tumbled over 80 points … from 202 to just under 120 in a few short months. In fact, one of the prime motivations for creating iPhonAsia was to take an activist shareholder role. Tiny drop in the bucket this blog may be, it’s more fun than sitting back and watching, hearing and reading how Apple is “giving up on China” and “Apple’s business model will never fly” and other such nonsense.
There is another far more important shareholder who has played an activist role. He may have addressed his mid-January memo to Apple employees, but the message was heard by all … and it was then and remains now, good advice. Apple (AAPL) has recovered much of the 1st quarter share price tumble and excitement continues to build over accelerating revenues, Mac sales, the iPhone platform, new carrier deals and business models.
“I believe that investors who stay with us will be rewarded as the market’s confidence is restored over time” … “Hang in there.”
~ Steve Jobs