If only that critical sentiment was anything more than today’s standard link bait pablum. Apple’s stock is at an all time high, nemesis Samsung has fallen on hard times, competitors scrounge like junkyard dogs for scraps of profit, and Tim Cook has become an effective, kind, and benevolent emperor. What about the guy who runs Amazon?
Where Are His Clothes?
This isn’t a complete list but you’ll get the idea. Regarding Amazon, the bloom is off the rose. The chickens have come home to roost. The shine is off the apple (pun not intended). The Shinola-like substance has hit the fan.
Yes, friends, Amazon CEO Jeff Bezo’s days of hoodwinking Wall Street have come to an end. The emperor has no clothes. And everyone can see that clearly now.
For many years Bezos told Wall Street that Amazon’s slim-to-none profits were the company’s way of building for the future, a necessary tactic in the strategy for world domination of online sales.
Wall Street investors bought the spiel, hook, line, and stinker.
Quarter after financial quarter Bezos would announce a loss, with high and lofty promises of more losses to come.
To those who supported the emperor with no clothes and his scheme to prop up a sinking ship (it’s Monday, and I had a leftover supply of mixed metaphors), it was all good news, and Apple was doomed because, well, commodity products, niche market, blah blah.
After years of pushing Kindle thingamajigs onto the public without revealing how many were sold, Bezos tried to be like Steve (as in Steve Jobs) and announced a gimmicky smartphone only a CIA or NSA operative would love, Amazon’s
Spy Fire phone.
You remember that phone, right? The one that spys on you while you use it and while you don’t. As is often the case with gimmicks the public doesn’t want, Fire phone sales never got high enough to fall flat, and Amazon took a tens of millions of dollars write off on the disaster.
Meanwhile, Apple chugged along selling more iPhones and Macs than ever, generating more profits, and even increasing marketshare in the premium space as Samsung and Android devices faltered, proving once again that gold metal sells better than plastic gold.
What happened to Amazon’s stock? The beans are spilled. The cat is out of the bag. Investors seem to have noticed, through no fault of their own, that, unlike Tim Cook, Amazon’s emperor isn’t fully clothed. In fact, he’s so translucent these days investors and Wall Street can see right through him.