Apple Inc. (NASDAQ:AAPL) is starting to feel the brunt of its declining share price in the form of a greater number of employees seeking jobs elsewhere. Money is an important consideration apart from working for an innovative company, and that is the reason why the newly formed companies, as well as the bigger ones, allure the executives of other companies with stock options.
Apple employees looking for jobs elsewhere
Trip Chowdhry, principal analyst of Global Equities Research said that though this loss of interest is not massive, it has been noted that engineers and developers are opting out of Apple Inc. (NASDAQ:AAPL) due to money issues.
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“Recruiters are seeing more and more employees from Apple applying for jobs at Google, LinkedIn, Facebook and even HP,” he says.
Apple Inc. (NASDAQ:AAPL) is one of the most dominating tech companies in the world at present. The assumptions that this company could sink in the near future is regarded as completely baseless. Apple Inc. (NASDAQ:AAPL) is earning huge revenue and has massive cash balance. The sales figure of the company is tremendous with millions of products sold every month. However, Apple is lacking perception, which is essential to success like money, says a report from InfoWorld.
Lack of Innovation
Apple Inc. (NASDAQ:AAPL) is losing its innovative capacity or at least that is the assumption of market experts and others. The iOS 7 from Apple is not an out of box thing, and some feel that it is not going to see any extraordinary success.
Apple Inc. (NASDAQ:AAPL) has created some of the most innovative products in the past raising expectation, and now it is finding it difficult to meet those standards. Apple Inc. (NASDAQ:AAPL) designed the iPhone and has dominated the Smartphone market all over the world. The company has also been tracked excessively by the market experts, bankers and investors and overvalued by the Wall Street after that.
Apple Inc. (NASDAQ:AAPL) stock was $700 10 months before, which is unrealistic considering the earning potential of the company. The shares have plunged to $420 this week, a decline of 40 percent. The current stock price seems to be undervalued.
The morale of the employees sinks in when their retirement account starts shrinking, which is the case with Apple’s employees, right now.
Samsung too feels the pressure
Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930), the largest maker of Smartphone is also losing its shimmer after the launch of the Galaxy S4. Samsung Galaxy S4 reached the 10 million mark in just 27 days, which is incredible. However, the earnings declined due to the mobile market saturation in the United States and Europe. The consumers in the emerging economies opt for the low priced models.