If there was a gathering of past and present Presidents of all kinds of organizations, public and private, the consensus would be that history shows that hiding facts promotes controversy, unease, and eventually a detriment to the organization.
Yesterday Apple released earnings. Earnings were 4 cents a share higher than analyst estimates; 47,500,000 iPhones were sold in just thirteen weeks; Gross profit margins increased to 39.7%; 10,900,000 iPads were sold; etc.,etc.
But when it came to the iWatch, Apple president Tim Cook refused to disclose sales figures. Later he acknowledged the iWatch sales dollars were listed on the report as "Other". That category amount to a billion dollars so it didn't take a Dick Tracy to figure out how many watches were sold. Mind you, that billion dollars was up from $0.00 as the iWatch is a new product. So why obscure the fact, especially when it will come out?
Again, a President learns it's the cover-up that hurts.
Meanwhile, Apple has about $200 billion cash on hand. To us that, and its product line, makes for a good long-term hold. Will the people selling today have regrets?
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