The debate over Apple's stock price is moving to the headlines of top-tier news shows. Due to volume or the effect of contagion to other sectors, falls in its price can directly affect other sectors.
Cook has granted an interview to the well-known television network CNBC, where he defends the share price, since in his opinion the valuation of the Apple ecosystem has been underestimated both qualitatively and qualitatively, that is, that reports this ecosystem to the action of Apple.
In Cook's words:
Apple has a culture of innovation ... probably undervalued
The reality is that an investor in Apple shares now 12 months ago, today has losses of 14%. This leaves many investors concerned. In any case, Cook sends a message of reassurance by saying that this is not the first time he has heard these concerns.
I heard it in 2001, I heard it in 2005, in 2017, in 2018, in 2010, in 2012, and 2013. You can probably find the same comments from the same people over and over again.
Apple can provide shareholders with management based on innovation, on an ever-growing customer base that is loyal to the brand. And the link in the middle is the Apple ecosystem itself. Cook wrote a letter to investors last days in which he pointed out as the determining factors of the crisis in the stock, the trade war between the US and China that affects the purchase of components made in China and, on the contrary, a lower sale of products as lower expectations are estimated in the economic world. Cook himself speaks in the interview:
The United States and China will continue trade talks in Beijing on the third day, a member of the U.S. delegation said on Tuesday, as the world's two largest economies tried to resolve their bitter trade dispute.
Tonight the interview will be seen in detail on CNBC. Any news in this regard, we inform you on this page.