Apple's stock drops when Tim Cook speaks
Tim Cook and the decline in Apple's stock: Is it just a case of bad timing?
It turns out that Apple CEO Tim Cook is well versed in saying all the wrong things. Or at least that's what one would assume given the correlation to Cook speaking with a consistent drop in Apple's stock. As the Huffington Post points out, Cook addressed investors and the press during the company's annual shareholders meeting Wednesday, marking the sixth time over a five month period that Cook has made a public appearance just before a decline in the company's stock.
"Consider this: The last six times that Cook has put himself out there, Apple's stock declined afterwards. It's a streak that dates back to October 2012, when Cook introduced the iPad mini, and it is a trend that has gone unbroken for about five months now: When Cook appears, AAPL goes down."
The article goes on to note each of the six instances when this happened, beginning with the most current on Feb. 27 and ending with the start of it on Oct. 23, 2012. That would mean that the last time Apple's stock spiked along with a Tim Cook appearance was during the introduction of the iPhone 5 in Sept. The stock opened at $666.85, and after launch it closed at $669.79.
While it could very well just be a case of bad timing (or bad luck, or an unfortunate combination of the two), it doesn't bode well for the Apple CEO. On top of that, Apple isn't expected to launch any new products this spring, so we may have to wait until the launch of the iPhone 5S or the iPhone 6 to see a rise in stock coincide with a Tim Cook appearance. There's no word yet on when the next version of Apple's popular iPhone will launch, but there are certainly enough rumors around to speculate how it might look and function. You can catch up on the latest with our iPhone 5S and iPhone 6 rumor roundup.