Wednesday, December 2, 2009, 5:48PM ET - U.S. Markets Closed.
Stepping back from the market's short-term volatility, Apple's "software roadmap" event Thursday spoke volumes about the company's very bullish long-term outlook.
First, Apple's liscensing of Microsoft's ActiveSync technology is a big step in the iPhone's war with Research In Motion for corporate customers.
Second, the $100 million iFund from Kleiner Perkins to be used for future iPhone software development is a huge vote of confidence in the iPhone.
Third, and arguably most important, Silicon Valley legend John Doerr saying the iPhone could be bigger than the PC is an incredible statement about the product's potential.
Again, short-term trading is a crapshoot, but Apple shares seem to have a found a floor around $120 and the long-term view looks very good.
Apple is a niche product and will never be anything more!
Apple is a niche product and nothing more! The Iphone is loosing its traction to other better models by competitors and will continue to see declines as the initial buzz of the Iphone is gone.
Nice how you both have Mac laptops in front of you! :)
right michael who ?, "loosing traction to other better models...", are you on crack ? They have achieved over 35% market share in smart phones in just 2Q of operations. They are going to sell 10mil in just one year. RIMM in all it years of operation has just over 12mil subscriber. Go on the Yahoo Fin board and bash all you want, at least talk sense here or STFU !
I cannot believe that I bought AAPL stock at $90 and road it all the way to $200 and all the way back down to $119 before I sold it!! OUCH!!!
right michael who ?, "loosing traction to other better models...", are you on crack ? They have achieved over 35% market share in smart phones in just 2Q of operations. They are going to sell 10mil in just one year. RIMM in all it years of operation has just over 12mil subscriber. Go on the Yahoo Fin board and bash all you want, at least talk sense here or STFU !
"loosing"? learn to spell, michael -- "losing" And do you consider the iPod and iTunes niche markets? And 10 million (target) iPhones is niche? The LG and blackberry, etc. competitors can't hold a candle to the iPhone. Like most Apple products, it is fantastic. Too bad it is saddled with service from AT&T. That, IMO, is why the iPhone won't do as well as it could.
Just wait until the iPhone has a projector built into it. Watch an 8 foot video on the wall. Up until now, the missing piece of the puzzle was the green laser. Corning, Inc. has developed it. Enjoy....
not just niche products...apple went from $32 to over $200 on the back of successes like iipod, intel-based macs, and iphone. back down to $120 on the overall collapse of the economy. no worries long term...watch steve jobs the innovator do it again.
It's simple, Apple invents and others copy. Apple is the Edison of our time
Sorry jigs and co. for the typo's I am not an english major I choose economics. I bet you are some of the many Mac groupies that swings from the nuts of any apple product. Here is a brief article on your amazing Iphone Analyst: iPhone sales on sharp decline Following Apple's recent stock slide on the news that fewer iPhones had been activated than expected, analyst Ittai Kidron of CIBC World Markets is claiming that that demand for iPhones appears to have quickly dropped within the last 10 days. "We have noticed decent inventories at stores, and thin demand at best," Kidron says. "In fact, most Apple store visitors were not looking at the device and only a very small subset bought it." One suggested reason for falling sales is slow data service; while Wi-Fi hotspots enable full broadband speeds, AT&T's mobile EDGE network is viewed as lethargic and a "key shortcoming" of the iPhone, according to Kidron's commentary on a buyer survey. He notes however that Apple may already be working on a solution: channel sources indicate that a phone with 3G service may be ready as soon as the fall, bringing speeds closer to par with ADSL or cable. So its not just me. The reason that aapl went to over 200 was hype and overprojected sales. there are reasons other than a weak market aapl is now around 120(valuation of the stock!)
I find it so funny how people can bash a phone that is made a company that has never made phones before. We can argue all day about which phone is the best but the fact of the matter is that if the iPhone is in the conversation that says enough. It hasn't even been a year and it is dominating companies that are 100% smartphone makers. Where do you think these companies will be in 2010?
good thing apple is ahead of the rest, and the rest will copy there innovations, look at the drug companies that have increased our life expanses. and a throbbing hard on. now can apple stay ahead of the copy cats??? I'm staying long on aapl. I still believe there is more on the up side. and AT&T is not a world wide service for the Iphone.
Maybe I'm losing my mind, but didn't Apple's stock hit near 200 before iphone?
CHINESE COs have made COPY models of Iphone at 25%cost at around 100 US$ with onllly one speciality missing..the sllliding effect. in every other respect, it is a comparable phone and it seems Apple is also sourcing their requirement from China. Pleople in Hong Kong and China are using this phone with satisfaction n other version which is EXACT copy is just instroduced at abt US$200.--so dont take a very loong term view on this product. Their Comps r excellent and used in Film Editing and that is where APPLE will score.
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
jim - Friday March 07, 2008 01:18PM EST
What the heck do you know, Trash? You've bashed the stock every chance you gotten...