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Steve Jobs to investors: Chill the F out!So the news around the watercooler at Apple and probably also at Fidelity (PDF) Investments (disclosure: my retirement pennies are in Fidelity - son.of.a..!) this week was Steve Jobs emailed Apple employees and investors about the recent drop in share price. As Apple CEO and Board member, it is Steve's job to tell everyone what they should already know - that the US market is in a downward spiral and the whole tech sector (US Market?) is in a freefall right now. It isn't Apple, it is the economy. If you want someone to blame, hit up the US voters who elected this current administration. Yes, Democrats and Republicans both, we aren't taking sides of course.
From the graphic above (provided from Appleinsider) you can see that overall, Apple is outperforming the tech sector - even with its massive 35% losses. Of course, nothing is really going to help those who bought near 200 and lost 35% of their investment over the past week. Feel free to scream at us in the comments about revealing MacBook Air early details...or saying that Macworld was lackluster or f'ing up the 5 million iPhones call...Or saying that there will be new Macbook Pros within a month or so ;) The truth is Apple is a solid stock and the numbers from iTunes Movie Rentals will again shoot Apple's stock up where it belongs. Also, when people finally put MacBook Airs in their hands (this week they'll be in stores), they'll realize how amazing this device really is - and buy from their hearts - no matter what their heads say. iPhone numbers also hurt Apple's stock. We had heard 5 million. Apple said 4 million, The telecoms said 3 million. Trust the web metrics. iPhones are selling like crazy and more importantly, being used like crazy. Web sites are being developed just for iPhones. Seriously, what iPhone competitor can say that? Oh and the SDK is out soon. And so are all kinds of business applications including Exchange and Lotus support. Think that will help sales? In short, buck up little camper. You are going to get your money back...eventually...and btw, if Apple's stock gets anywhere near 100, we're selling the 9to5HQ and putting it into Apple Stock!
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"The truth is Apple is a
"The truth is Apple is a solid stock and the numbers from iTunes Movie Rentals will again shoot Apple's stock up where it belongs."
Well.. Truth and stock market isn't word that goes together well:)
You honestly have no clue
You honestly have no clue what you are talking about. Apple has made it very clear that they do not make any money off iTunes. Apple makes money selling iPods, Macs, and iPhones. iPods sales are slowing while Mac sales are picking up. iPhone and Apple TV sales are somewhat disappointing.
My guess is that Apple had a
My guess is that Apple had a last minute hang up - get it, hang in there? :-P
Just take a step back and look at MacWorld 08: there's sometnhing in the air.
- Hum, Apple TV with rentals? Nah, that's just a side dish.
- MBA? Sure but it's not the "piece de resistance", can't be, a laptop, no matter how thin, isn't that big a news, even more when other manufacturers have done it before, yes maybe not as nicely and all, ok but still it only seems to be the knot that is tied to something bigger.
- Then Oppenheimer's comment regarding the iPod Touch being a computer platform.
Something is missing here and my guess is that Steve couldn't even announce it as he did to the iPhone. Why? Because it is something Apple's competition has been on top of, moreso after the iPhone media explosion.
My guess is the Newton/iTablet, i.e. Apple's UMPC didn't get through to MacWorld due to some unforeseen problem, it didn't make it. And Steve couldn't say anything because many companies are doing UMPC including Nokia! SO this time he must stay mum.
Then he comes out saying "hang in there" like saying 'we are just about to announce something that'll throw to the stars. Probably when he announces new MBPro led backlit wide trackpad revisions?
Well, I hope I'm right, otherwise he might as well have just said "hung in there" instead...
Forgot to say that what I
Forgot to say that what I said also makes sense in view of possible WiMax/700MHz auction decision calling from Apple which have been reflected in the lack of 3G in MBA and the ad eternum postponing of 3G on the iPhone.
My guess is that even if Jobs launches a 3G iPhone it'll be an interim solution, he is all for dumping the greedy/arrogant telecoms - who, on account of VOIP, have their obituaries already written anyway - and make himself free again from that shot-in-the-foot partner, isn't he on a world dominance trip?!
So the 700MHz frequency band auction has launched and maybe he has a co-op plan with Google. Maybe they want to put WiMax to work on the 700MHz band and destroy the whole telecom operators business as it is with a single blow. Again, since he is a partner to one, he can't blow the whistle and therefore didn't set Apple to the auction bidding.
Apple and Google have revolutionary wants - and they're probably going to go together for that 2nd industry revolution very soon. Intel is also setting itself to add WiMax to its mobile processors. So why jump onto 3G technology? It makes sense to wait a bit. Remember, the 700MHz band permits extremely fast network roll-out. And so does WiMax with 30miles/50Km range for each base station (tower)
Whatever it is, they know it's a matter of time and opportunity and that seems to fit Jobs current behaviour.
Did he foretell a recession? No, surely he did not, I am really sure he didn't. And, since it is a matter of opportunity and timing, maybe that's where the tree branch might break and make the monkeys fall.
Macbook Air.....not an
Macbook Air.....not an amazing piece of equipment...expensive, oversized PDA more like it ;)
Thats hilarioust that you
Thats hilarioust that you guys suggest that this recession is some how the fault of the current administration. Economies fluxuate... it markets will go up again and fall again... thats how it goes. To suggest that Bush has that much power is a joke/ignorant.
I agree. It's not the
I agree. It's not the administration's fault for the current state of the economy. If you want to go down this road then Bill Clinton was responsible for the Internet Bubble and crash. There were alot of people that lossed millions in that economy. Personally, I don't blame Bill Clinton nor do I blame George Bush.