Tuesday, January 15, 2008

2008 - not going to be good for 'Jobs'

Which Jobs? Well, both.

(1) Last week, I just posted on the Jobs in the Financial/Banking sector taking a hit, and Citigroup today again announced another 4200 jobs cut, and they expect reductions in work force all through this year too. They reported a record $9.x Billion Q4 loss.

(2) On the other hand, expectations were high on the other Jobs - Steve Jobs. Undoubtedly, he is one of my most admired CEOs of today's tech world. He inaugurated the Macworld 2008 Conference this week. Same day last year, he stole the show with the launch of the iPhone. This year, he disappointed the audience and analysts too. He reported around 4 M iPhone sales last year! Wow! Isin't that great? Unfortunately no, because we expected 5 M!. Their only new product that he launched this time is their Macbook Air. It sure is so thin, but nothing earth-breaking or mind-blowing. Apple stocks tumbled after the inaugural address at the conference.



Anonymous Anonymous said...

Apple dropped 6% today.

9:22 PM  

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