4:55 PM
@AJHenderson Hmm, I don't know about that. Down over 3% in the last two days...they haven't had that kind of pullback for quite some time...since well before the beginning of the year.
If THAT trend continues, then there is clearly investor backlash against Adobe.
I think people clearly know that Adobe is going to lose millions of customers not because those customers don't like the product, but because they plain and simply cannot afford it.
I think Adobe my be trying to treat their products more like TV. People pay as much as $180 a month or more for a good TV package, and most people don't pay less than $30 a month for cable. Problem is, people get continual, regular updates of new content for that subscription fee. They are ALWAYS getting SOMETHING NEW for that monthly fee.
Adobe is simply charging you access rights...that's going to piss a lot of people off, and there is no question people aren't going to be able to afford it.
I think there will be a very big, very significant small business backlash, and that's what will really hurt Adobe.
I really hope the "software subscription" model fails. It's ludicrous to ask people to keep paying for an unchanging product month by month. If they charged a yearly fee for upgrades, then only charged you a monthly fee IF you wanted access to the cloud services, I think that would be something people could swallow, assuming the yearly fee wasn't too much.
But monthly? For something that hasn't changed? For cloud services 90% of people will NEVER use? Yeah, Adobe will experience backlash on every front (except maybe the media...really seems the media has been fully paid off to sell the Adobe Cloud up the wasu despite how ludicrous it is, frakin opportunistic greedy media bastards.)
Hmm, looking at adobe's stock, I think they have another problem. They are nearing their all-time price high of 47.88 from pre-financial crisis. Beating previous all-time highs is tough for a company that is on a major roll...beating it for a company that is having a rough time is practically impossible.
I think Adobe's stock is going to take a turn for the worse for a little while. Call it a correction, or call it backlash, but whatever it is, I think Adobe is going to be hurting for a while.