Wall Street Can’t Make Sense Of Apple Anymore

first_imgTags:#Apple#iPad#iPhone#Steve Jobs#Tim Cook Why Tech Companies Need Simpler Terms of Servic… dan lyons 8 Best WordPress Hosting Solutions on the Market Seems like only yesterday Apple was a simple company for Wall Street to understand. The products were great, demand was insane, and there was nowhere for the stock to go but up, up, up. Which is exactly what happened.Those days are over. Apple’s stock has dropped 40% since last fall, from $705 to $426. This has happened even as the overall stock market has soared to new highs.Wall Street has no idea what to make of this. Is Apple the greatest deal ever, or is Apple doomed? It depends who you ask. The opinions are all over the map. It’s actually kind of entertaining seeing Wall Street know-it-alls suddenly look so baffled.Goldman Sachs says Apple is one of the most undervalued companies in the world. By that reasoning, the stock is a steal.Citigroup says demand for iPhones and iPads is lagging, and that Apple won’t even hit its own revenue targets for this quarter.(See also Apple May Never Regain Its Status As The World’s Most Valuable Company.)It’s Not About NumbersWall Street guys will fret about how much cash Apple has, how cheap the stock is relative to earnings, what’s happening with gross margins, and so on.But Apple’s stock price never had much to do with fundamentals. Apple is about emotion. It’s about narrative. It’s about mystery. It’s about secrecy and leaks, rumors and hype. It’s about people standing in line outside stores as if they’re going to a rock concert.Apple does best when it lives in the realm that Arthur C. Clarke described when he wrote that “Any sufficiently advanced technology is indistinguishable from magic.”Magic is what Apple was selling when it introduced the iPhone and iPad. As long as Steve Jobs kept pulling rabbits out of his hat, customers (and investors) were dazzled.The problem is now we’ve come to expect magic from Apple. And lately Apple hasn’t delivered.Sure, Apple is a terrific, well-run company with a business that every company in the world must envy. The iPhone and iPad are terrific products, and Apple keeps making them better.But: there’s no magic.Wall Street keeps trying to tell this story in numbers. Gross margins. Net margins. Growth rates. Market share.But numbers are almost beside the point.Apple is a hits business, like a movie studio. Right now it needs a new blockbuster franchise. Whether that’s an iWatch or an iTV almost doesn’t matter. Apple just needs something. Something new, something exciting, something that gets people standing in lines outside stores again.Apple needs magic. Whether Tim Cook and his team are capable of creating it remains to be seen. That uncertainty, I suspect, is what has shaved $260 billion from Apple’s market value.center_img Top Reasons to Go With Managed WordPress Hosting Related Posts A Web Developer’s New Best Friend is the AI Wai…last_img read more

A taste of faraway comes alive in a cookbook

first_imgJyotsna Surase, 27, from Yavatmal district, came to Thane two years ago with her husband, who had made the move in search of work. To help with family finances, she also works outside the home, cooking for three families in apartments near the tenement where she lives.She turns out the daal-rice-vegetable meals they ask for, but for her this is just work, with no soul. Her heart belongs to the dishes she remembers growing up with. Like the freshly-extracted sugarcane syrup that would greet her and her siblings when they visited their grandmother’s village every Makar Sankranti. Their grandmother would also feed them dhirde, prepared during Paush, the 10th month of the Marathi calendar, which ends with Makar Sankranti; women traditionally fast for five Sundays during Paush and break their fast with this wheat-flour flatbread.Dishes meet memory“Grandma insisted that we have this at least once a year, as she believed it was good for health,” Ms. Surase says. Of course, being with cousins and uncles and aunts all in a festive mood only added to the fun. “You don’t get that even in weddings in Mumbai,” she says. “The fresh village air, the fights for sugarcane syrup, running to the fields to pick guavas… dhirde is all these memories,” she says.Anita Saha, 30, left something similar behind when she, her husband and three children came to Mumbai two years ago. She remembers the monsoon back in Begusarai district, Bihar, especially during Bhadrapada (the sixth month of the Hindu calendar), when women break their fast with kheer and puri. “My mother taught me how to make it when I was 17 years old,” she says. While her mother-in-law makes this treat too, she misses the kheer puri her mother makes.You will find such family recipes, from different parts of the country, in Food Memories of Migrant Women, an ebook published by Mumbai Mobile Creches (MMC). The NGO has been implementing onsite education and healthcare programmes for children living in many construction sites. The book’s introduction says, “Through a series of personal recipes, narrated poignantly by the migrant women themselves, we wish to highlight the fascinating expanse of culinary traditions within India, and the importance of these traditions in preserving and celebrating each migrant family’s cultural identity.”A hearty connectionSays Shiny Varghese, MMC’s health coordinator: “We wanted to connect with the migrant community. What better way than food?”It took almost two years from concept to fruition. “The women were apprehensive and shy,” Ms. Varghese says. “After two to three meetings, and telling them that their photographs may appear on a global platform, they started to open up.”Even so there were hitches. Getting the right ingredients and implements was another challenge. Ms. Varghese says, “Back home, the women use tools that are found naturally in their surroundings, which are hard to come by here.” Like the right mortar and pestle to grind the ingredients for aapal, a dish from Telengana; iron rods used on the construction site came in handy.The book is more than just recipes. Stories of poignant struggles emerge too, in the voices of the women. Kashibai Kamble remembers how huggi, a white wheat pudding, was a luxury back in Gulbarga district, Karnataka. It was made only during Nag Panchami or Deepavali. She says, “We used to work in others’ fields, and whenever the owner had leftovers of wheat, he used to give them to us and we made kheer.”last_img read more

Ive never been better says Archer ahead of Ashes debut

first_imgLONDON: England fast bowler Jofra Archer says he has fully recovered from a side strain and is raring to go as he looks poised to make his test debut in the second Ashes test against Australia at Lord’s on Wednesday. Archer, who missed the first test after picking up his injury during England’s World Cup triumph last month, proved his fitness when he took six wickets and scored a century for county side Sussex’s second XI last week. The 24-year-old was included in England’s 12 in the absence of record wicket taker James Anderson, who bowled only four overs in the first test at Edgbaston before injuring his calf again. Also Read – Puducherry on top after 8-wkt win over Chandigarh”I’m probably more ready than I have ever been. I bowled 50 overs in one game for Sussex which I think was past the overs they told me to bowl, it was good practice,” Archer told reporters. “(My fitness) has never been better. (The side strain) just needed to settle and we couldn’t get that gap in the World Cup. After that, it settled in a matter of days. “Don’t expect any miracles, I can only come in and do what I can and give my best. I can’t work miracles but I will try to.” Australia coach Justin Langer had said the key to dealing with Archer, England’s leading wicket-taker at the World Cup with 20 victims, was to “keep wearing him down” and make him bowl more spells. “I think Justin Langer has another think coming,” Barbados-born Archer added.last_img read more

Googles ad system under EU probe for how it spreads your private

first_img 0 Post a comment Google’s ad practices are under scrutiny in the European Union. James Martin/CNET Ireland’s data protection watchdog has launched an investigation into Google’s collection of personal data for the purpose of online advertising.”A statutory inquiry pursuant to section 110 of the Data Protection Act 2018 has been commenced in respect of Google Ireland Limited’s processing of personal data in the context of its online Ad Exchange,” the Data Protection Commission said in a statement Wednesday.Google didn’t immediately respond to a request for comment.The DPC, one of the lead authorities over Google in the European Union, wants to know whether the search giant’s “processing of personal data carried out at each stage of an advertising transaction” is in compliance with the EU’s General Data Protection Regulation. The GDPR is a sweeping law that gives residents of the European Union more control over their personal data and seeks to clarify rules for online services.The DPC inquiry follows a complaint filed in Europe in September by privacy-focused browser maker Brave that says Google violates GDPR by broadcasting personal information to companies bidding to show targeted ads. At the time, Google denied any wrongdoing.On Wednesday, Johnny Ryan, Brave’s chief policy and industry relations officer, said the DPC inquiry signals a change is coming that goes beyond just Google. “We need to reform online advertising to protect privacy, and to protect advertisers and publishers from legal risk under the GDPR,” Ryan said in a blog post.The EU probe comes as consumers, lawmakers and regulators take a harder look at how tech companies collect and use their personal information. Facebook’s Cambridge Analytica scandal last year brought data collection issues to the forefront. Google has also been criticized for its wide-scale data operation and the way its location history settings could mislead consumers with its disclosures. In response, Google and Facebook have both begun to preach the virtues of privacy. Earlier this month, Google CEO Sundar Pichai wrote in a New York Times op-ed that privacy “should not be a luxury good.” He continued, “We’re also working hard to challenge the assumption that products need more data to be more helpful.”Google also pushed a privacy message at its Marketing Live summit last week in San Francisco, where the search giant addressed more than 5,000 advertisers and partners in its ad network. Prabhakar Raghavan, Google’s senior vice president of advertising and commerce, said that even though the company collects lots of user information to improve its products, Google should use “as little of that data as possible over time” for ad targeting.”Whoever’s leading the market [in five years] will be the ones who are actually the most trusted,” Raghavan told CNET. “If we can maintain that trust, then we can remain a market leader. If we don’t, it’s a question.”Originally published May 22, 11:27 a.m. PT.Update, 11:44 a.m. PT and 12:32 p.m PT: Adds more background. Tags Security GDPR Privacy Google Share your voicelast_img read more

Honouring brightest legal minds

first_imgThe grounds of Le Meridien, Delhi were lit with the intellectual buzz, and bore witness to a starry night of the 4th Edition of India Legal Award, 2018. Succeeding three hugely successful editions, this award event bought together the highly accomplished legal minds of India and recognised their efforts for their significant contribution to the Indian Judicial industry.Attended by some of the top attorneys, in-house counsel, legal heads, entrepreneurs, government and public organisations, private lawyers and many more, India Legal Awards was able to achieve its core objective to share ideas on the country’s legal framework and provide strategies on efficiently managing legal acumen as a business process undertaken by the assembly of the country’s leading legal community. Also Read – Add new books to your shelfThe award ceremony witnessed the presence of some of the most influential legal personalities like Soli Sorabjee – Member of the Order of Australia and former Attorney General of India, Lalit Bhasin, President Society of Indian Law Firms and President-Society of Indian Law Firms and The Bar Association of India, Mahaveer Singhvi-Joint Secretary, Ministry of External Affairs, Government of India, Pulin Kumar-Senior Legal Director Group Legal and Compliance Adidas India, B Gopalakrishnan-Legal Advisor and Head – Legal Operations Group Asset Reconstruction Company (India) Ltd, and Dr Sanjeev Gemawat. Subhadip Sarkar-Assistant Vice President-Cognizant Technology Solutions and Tushar Mehta-Solicitor General of India though unable to grace the event were a part of the illustrious jury that lent its precious time and wisdom to arrive at a justified result. Their high industrial expertise and experience and painstaking due consideration played an imperative role in justifying the winners and their contribution to the Indian legal scenario. Also Read – Over 2 hours screen time daily will make your kids impulsiveFortune Legal Advocates and Legal Consultants bagged the Law Firm Innovative Awards while Phoenix Legal took home the coveted Litigation Dispute Resolution Team of the Year. The winners were carefully selected based on their practices, achievements and distinct parameters that put them a notch above their contemporaries.Following is the list highlighting the winners and their respective award categories who made an impressionable impact in their field of expertise.India Legal Awards was organised by Biz Integration and supported by Society of Indian Law Firms and IAPP.last_img read more

I dont respect convention in music religion

first_imgTalking about the unifying power of music, Sarod maestro Ustad Amjad Ali Khan recently said that he doesn’t respect convention in music or in religion and lamented the state of the 21st century world, driven by religious strife. “I don’t respect convention. It is a very unhealthy word. Even regarding religion, my father often told me all of us have a common God. In this 21st century, we are still fighting and killing each other on account of religion,” Khan said here at a literary meet. The master of strings regretted that education has failed to instil compassion and kindness in human beings. Also Read – Add new books to your shelf”How can a (person holding a degree like) PhD be radical or communal? This is the problem of the whole world, not only in India,” he pointed out. Expressing gratitude to the Almighty for the unifying power of music, Khan said, “I think the 21st century is the worst time for the world, which should have been the best time. People are afraid to travel internationally, there is a problem of security. Thank God that music has connected the world whereas language creates barriers.” Also Read – Over 2 hours screen time daily will make your kids impulsiveAccording to the Padma Vibhushan awardee, this message of common God and race should have been given by every priest but they don’t talk as ‘they are paid servants’. “At this age, I want to give my opinion and share my thoughts with the people,” he said. About presentation and breaking convention, the legend said, “Presentation is a different art. Grammar and literature are important for everybody to learn but very few musicians realise the level of poetry. Gurudev Rabindranath Tagore was an amazing combination of a poet and musician. He took liberty in every Raga and I think only a genius can do that and the rest follow the convention”. As a young boy, he said, he did not like Rabindra Sangeet but later liked it due to Suchitra Mitra, one of the finest exponents of Rabindra Sangeet.last_img read more

Sendiks Food Market in West MilwaukeeLast update

first_imgSendik’s Food Market in West Milwaukee.Last updated on May 15th, 2019 at 04:52 pmAfter being open less than two years, the Sendik’s Food Market grocery store in West Milwaukee will close on April 22.Sendik’s Food Market in West Milwaukee.“Part of having an entrepreneurial culture is taking chances in pursuit of growth, but an equally important part is recognizing when something isn’t working and then acting,” said Ted Balistreri, family co-owner of Sendik’s Food Markets. “Despite a lot of hard work, ongoing investments and the existence of the many intangibles that brought us to this location originally, we simply aren’t seeing the customer traffic and results to warrant continued operation.”Balistreri said there would be no job cuts and that all of the 73 employees working in the store will be offered continued employment at one of the 17 other Sendik’s locations. The West Milwaukee location, at 4200 W. Burnham St., opened in fall 2016 at the former site of an ADM Milling Co. grain elevator.The 42,000-square-foot store joined several other retail developments that have occurred in recent years along Miller Park Way/South 43rd Street.Balistreri said the building will be put on the market for purchase or lease and that the company is working with commercial real estate firm CBRE to market the property.“Sendik’s continues to explore other growth opportunities, and we remain excited about the future,” Balistreri said.  “There are other emerging opportunities in the marketplace, and we plan to take advantage of them when they fit our profile.  Creating new formats like Fresh2GO and Sendik’s Express, and implementing new strategies like Red Bag Rewards underscore our entrepreneurial approach as we continue to seek out new ideas.” Get our email updatesBizTimes DailyManufacturing WeeklyNonprofit WeeklyReal Estate WeeklySaturday Top 10Wisconsin Morning Headlines Subscribelast_img read more