Donald Trump Slams Apple And Sells Stock, In Favor Of Samsung Devices Instead

January 28, 2014 - Written By Alexander Maxham

Just yesterday, Apple announced their Q1 earnings. Now their quarters are a bit different from everyone else. Basically, Apple’s Q1 is everyone else’s Q4. So that includes October, November, and December. Their earnings actually didn’t look bad, but then you have to remember this is Apple, and not LG, or Motorola, or HTC or another smaller OEM. Apple made around $13.1 billion in profit, which is pretty nice to have. They also sold 51 million iPhones, which is an all-time quarterly record for them, along with 26 million iPads, and 4.8 million Macs. So definitely not a bad quarter. Donald Trump, who has been a big Apple analyst and enthusiast over the years, spoke out on Twitter over the lack of “vision” and “momentum” with Apple and their products. According to Trump, Apple needs a large-screen iPhone option. Now we’ve been hearing for a couple of years now that Apple is making a larger screen iPhone. However it’s never been announced.

What’s interesting is that this comes from Trump, the guy who has failed at 19 businesses in less than 20 years. With many of those businesses getting debt relief on the grounds that Trump can no longer be in charge of running said companies. Basically, growth has slowed for Apple, but as a hardware manufacturer, they are still doing very well. With iPhone sales being up 7% compared to the same quarter a year prior. Then again $13.1 billion profit in one quarter is definitely a good sign. There are many OEMs out there that don’t even make that much in profit in a full year. Now, Apple’s stock did drop today (the day after the earnings report), but that happens every quarter to Apple. So that’s nothing real special. There’s a number of reasons why that happens, which are analyst concern over certain markets being saturated, analyst concern over competition in emerging markets, analyst concern over generally slowed growth. However, Donald Trump (who is also an analyst) also stated his thoughts for why the stock dipped.

Trump stated on Twitter, “Apple’s iPhone sales fell way short-they must go to a larger screen, as alternative, fast (as I said long ago)! Samsung’s size much better.” He also stated in another tweet, “I predicted Apple’s stock fall based on their dumb refusal to give the option of a larger iPhone screen like Samsung. I sold my Apple stock.” Maybe Apple has finally wised up and will bring out a larger sized iPhone this year with the iPhone 6? We’ve heard rumors that there will be a 4.5 and a 5-inch iPhone coming out this year. So we’ll have to wait until this fall to see what happens with that.

Source: Tech Crunch|Image Credit:  cvrcak1