Steve Jobs

Apple passed Exxon today to become the most valuable company on earth.  The excitemnt only lasted a few hours until the market rally at the end of the day put Exxon back on top, however.  But, that didn’t stop people wondering: What’s next for Apple?

Enter Robert Cyran, Columnist for Reuters, who doesn’t understand why Apple isn’t headed straight towards being the first $1Trillion company.

Apple’s sales have been surging 80 percent a year, and its profit faster. What’s more, it trades roughly in line with the growing stock market — and at less than half the price-to-earnings multiple it fetched in 2006, when revenue growth was much slower. Apple now trades at about 11 times estimated earnings for the fiscal year ending September 2012. The Standard & Poor’s 500-stock index is valued at about 10 times next year’s profit. But Apple’s sales growth is nearly 10 times faster than that of the average company. Apple also holds $76 billion of cash and investments.

So, what’s the deal? Apple, if put on the same P/E multiple it traded on in 2006, would be worth $900 billion.

And who has brighter prospects than Apple right now?
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We’ve received photos of a purported white iPod touch front panel. Specifically, this panel is the digitizer component, according to the iFixYouri iPhone repair shop. We obviously cannot confirm the legitimacy of these photos but according to iFixYouri, they fall in line with the fourth generation iPod touch’s build. Knowing this, these can either be photos of a scrapped white iPod touch 4 in white or (hopefully) photos of the fifth-generation iPod touch’s front panel in white.

Although we have been hearing some whispers of a new form-factor for the fifth-generation iPod touch, the previously accurate Ming-Chi Kuo has reported that the fifth-generation iPod touch will, in fact, come in white and will feature an overall design that is akin to that of the fourth-generation iPod touch. Additionally, iOS SDK data reveals that the iPod 4,2 (possibly the fifth-gen iPod touch) will be more about internal changes. On that note, we’ll likely see the dual-core A5 processor to move the iPod touch ahead in the growing mobile gaming industry, and maybe some better cameras. More info and a few more high-resolution pictures of the white panel are after the break…

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Just hours before today’s earnings call, the well-connected Yukari Kane, Joann S. Lublin and Nick Wingfield of the WSJ report:

Since Steve Jobs went on medical leave this winter, some members of Apple Inc.’s board have discussed CEO succession with executive recruiters and at least one head of a high-profile technology company, according to people familiar with the matter.

The conversations weren’t explicitly aimed at recruiting a new chief executive and were more of an informal exploration of the company’s options, said these people. The directors don’t appear to have been acting on behalf of the full board, some of these people said. Apple has seven directors, including Mr. Jobs. It is also unclear whether Mr. Jobs was aware

Interestingly, the WSJ actually got a response from Jobs. “I think it’s hogwash.” he said.

According to the report, Board members have even held talks about the company’s leadership with some search firms after those recruiters informally approached them, said three of these people. (…or at least according to voicemails left on their machines?)

It would be shocking if Apple had to look outside its own walls for a successor, at least outside of interviewing for due diligence purposes.  Full article available through Google Plus.

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As noted by Fortune, Steve Jobs’ biography now has a more pleasant sounding name than its previous working title: iSteve: The Book of Jobs *cringe*

It’s got a new title.  But it isn’t the one that Amazon has listed above…
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[vodpod id=Video.11541831&w=425&h=350&fv=]

Tune in to find out what “Sugar Water” boy thinks about Steve Jobs 20 years ago.  The show airs at 9PM.
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According to his LinkedIn Profile, John Herbold has left the iCloud.  On his departure, he said:

I’ve been fortunate enough to define, ship and market a variety of products for one of the world’s most admired product companies. That opportunity was a great privilege.

Now I get to take that experience and apply it to the enormous challenge of materially improving youth health.

He is the third prominent Apple employee to leave the company in recent months (though much less so than the others), following MacOSX head Bertrand Serlet a few months ago and Stores leader Ron Johnson last week.

He was at Apple during the MobileMe rollout and managed to stay almost until the iCloud announcement this month.

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Steve Jobs’ favorite analytics company, Flurry, has some interesting numbers that put app usage above web usage.

Today, however, a new platform shift is taking place.  In 2011, for the first time, smartphone and tablet shipments exceed those of desktop and notebook shipments (source: Mary Meeker, KPCB, see slide 7).  This move means a new generation of consumers expects their smartphones and tablets to come with instant broadband connectively so they, too, can connect to the Internet.

Yeah but those devices have web browsers…

Our analysis shows that, for the first time ever, daily time spent in mobile apps surpasses desktop and mobile web consumption.  This stat is even more remarkable if you consider that it took less than three years for native mobile apps to achieve this level of usage, driven primarily by the popularity of iOS and Android platforms.  Let’s take a look at the numbers.

But what if one of those apps is a web browser like Opera?  (via Business Insider.)

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Image credit: Engadget

Our own Seth Weintraub is on hand at San Francisco’s Moscone West where Steve Jobs has taken the stage at 9am Pacific, ready to deliver a landmark presentation on the future of Apple’s operating system and cloud services. A press release issued last Tuesday has divided the agenda for the software-focused WWDC 2011 show between iOS 5, Mac OS X Lion and iCloud segments.

The statement also said “a team of Apple executives” would help Jobs deliver the keynote. We’re guessing Timothy Cook will join Apple’s CEO shortly to provide an update on business metrics and are keeping our fingers crossed for Scott Forstall and Phil Schiller to demo the new stuff in iOS 5 and Lion, respectively, with Jobs jumping in and out between segments…

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Amazon today lists the Walter Issacson authorized Biography of Steve Jobs, the one commissioned by the Apple CEO last year.  Issacson will have had three years of access to the normally reclusive Steve Jobs.  Listed at 448 pages, the book will be published by Simon & Schuster.

Product Description

From bestselling author Walter Isaacson comes the landmark biography of Apple co-founder Steve Jobs. In iSteve: The Book of Jobs, Isaacson provides an extraordinary account of Jobs’ professional and personal life. Drawn from three years of exclusive and unprecedented interviews Isaacson has conducted with Jobs as well as extensive interviews with Jobs’ family members, key colleagues from Apple and its competitors, iSteve is the definitive portrait of the greatest innovator of his generation.

About the Author

Walter Isaacson, the CEO of the Aspen Institute, has been chairman of CNN and the managing editor of Time magazine. He is the author of Benjamin Franklin: An American Life and ofKissinger: A Biography, and the coauthor of The Wise Men: Six Friends and the World They Made. He lives in Washington, D.C., with his wife and daughter.

Before you get too excited however, the book doesn’t ship for nine months (March 2012). But even so, it will likely be a big hit and as you know with iPads, it is good to get in early.

The iBookstore has a placeholder as well:

Full Res book cover below:

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iOS software head and frequent Apple Keynote presenter Scott Forstall got his Twitter account verified in July of last year.  That was right after the Apple-Ping-Facebook breakup (iOS Facebook integration was planned in late betas) and, with the benefit of hindsight, about the time Apple may have started getting the idea of Twitter integration.

He follows one account: Conan O’Brien’s, but has yet to send out his first tweet.

Two recent reports say that Apple will integrate Twitter into its iOS 5 as a low level, integrated service with “mediastream” integration.

Forstall will likely be on stage presenting what this Twitter integration will allow iOS users to do.  He may even send out his first Tweet.

Maybe SJobs gets a twitter account as well?  Nah.

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http://www.viddler.com/simple/30fe0cca/

According to Business Insider, Apple COO Tim Cook told Goldman analyst Bill Shope, “he sees no reason why the tablet market shouldn’t eclipse the PC market over the next several years.”

That is right exactly in line with Steve Jobs comments of a year ago.  Shocking, we know.
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More fun from the D9 event: Kara Swisher told Eric Schmidt that Steve Jobs told her “to do more privacy stories on Google” and that “Android is a probe in your pocket.”  The conversation would have been off the record until now. More at 9to5Google.com
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According to ABCNews (via Fortune) Simon and Shuster will be publishing the Walter Isaacson Authorized Biography of Steve Jobs in early 2012. The title is a curious: iSteve: The Book of Jobs

The Jobs book will be his fourth major biography. In addition to Kissinger: A Biography (1992) he has written Benjamin Franklin: An American Life (2003) and Einstein: His Life and Universe (2007). His most recent book is American Sketches: Great Leaders, Creative Thinkers, and Heroes of a Hurricane (2009).

The Jobs book was announced in February of last year but now it has a title and release date.  Fortune has a great profile on Isaacson who has a long history of convincing notable people to tell them their story.

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Apple’s CEO Steve Jobs has sent out an email to the company’s team in Japan to share the message of support and help local employees cope with a series of terrifying disasters that have brought the country to standstill. The Macotakara website first published (and MacRumors confirmed it) the contents of Jobs’ email, posted here in its entirety.

To Our Team in Japan,

We have all been following the unfolding disaster in Japan. Our hearts go out to you and your families, as well as all of your countrymen who have been touched by this tragedy.

If you need time or resources to visit or care for your families, please see HR and we will help you. If you are aware of any supplies that are needed, please also tell HR and we will do what we can to arrange delivery.

Again, our hearts go out to you during this unimaginable crisis.

Please stay safe.

Steve and the entire Executive Team

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Image credit: John Ferguson

Many Apple fans will disagree with such a strong statement about the charismatic CEO who has single-handedly shifted the balance of power in the music industry and persuaded youngsters that stealing music is bad for their karma. That’s exactly what Jon Bon Jovi said responding to a reporter’s question about the state of music today. Read on…

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British media magnate and entrepreneur Richard Branson heaped praise on Steve Jobs and his consumer electronics powerhouse Apple, which he says is his favorite brand. Contemplating about a theoretical merger between Virgin and Apple, he said it would be a great fit. As if that weren’t crazy enough,  in a stroke of inspiration the UK billionaire calls Apple a “brilliant global company” that he admires the most. We have a video clip to prove it all right after the break.

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Apple has mailers going out today telling us to get ready to interrupt our Friday in order to line up like little actors all over the place in their iPad 2 Friday marketing campaign blitz. Ugh. I’m kinda down on the whole “spend Friday in line without a reservation” thing if you hadn’t noticed.

It is also interesting that Apple seems to default to the White iPad more often than not in its marketing – which was only a rumor a week ago.

Sorry Apple, I’m not spending my Friday in line.  Instead, I’m going to do the more convenient thing: Have my alarm wake me up at 2:55 am on Friday morning before work, order it online then, then try to go back to sleep.  (we love you Apple) I won’t have a 2 to play with over the weekend but at least I’ll have my Friday.

I think @MarkGurman will be queueing up at the Grove in LA if anyone wants to go bother him there (or hold his place in line).

Also, Me: White 16GB Wifi, Tan Leather iCover. You?
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CUPERTINO, California—January 7, 2011—Apple today announced that over one million apps have been downloaded from the Mac App Store in the first day. With more than 1,000 free and paid apps, the Mac App Store brings the revolutionary App Store experience to the Mac, so you can find great new apps, buy them using your iTunes account, download and install them in just one step.

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Hardmac reports today some of Steve Jobs’ latest thoughts on BluRay.

He admitted that retrospectively he feels ashamed that Apple’s name is associated to Blu-ray, as he thinks that BD supporting associations look today more like Mafia than anything else.

Jobs famously called BluRay a ‘Bag of Hurt’ during a Q&A after a MacBook Event in 2008.

Concerning authoring on Blu-ray, it seems impossible to provide software supporting such format for consumer market. In addition to DRM, here it is the cost of licenses that slow down the entire process; one would have to start paying 3,000 USD to AACS, then 80,000 USD to Sony, 40,000 USD to Sonic, etc.

Hardmac also reports that the next version of Final Cut Pro will come in March or April 2011, which is what we’ve seen in Jobs emails.

Finally, they say that not everyone is happy with the Xserve axing but they don’t know what comes next.  We’ve heard some things.
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Apple remains the world’s most valuable company (after Exxon) with a market cap that this morning exceeded $300 billion, reports declare. On active trade on the Dow Apple (AAPL) rose $7 to hit a new record intraday high this morning — right now Apple stock sits near $330 per share for a market cap of over $302 billion.
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From Fortune:

Tran says that [Android] phones made from the BCM2157 chipset will retail for under $100 and may dip as low as $75. Those devices should debut in just 3-6 months (and we might hear about them next month at CES).

That means that popular pre-paid Android devices that currently can be found as low as $180 will drop by half in the next half year.

Apple’s low-end strategy so far has been to offer the last year’s model for $99 with a two year contract.  That contract is at least worth $350 (AT&T’s ETF) which puts old retail iPhones at $450. Buying an iPhone 4 off contract costs $650.

What’s more important is that with Apple’s AT&T agreement, you have exactly one data plan option in the US (soon to grow).  Even with Verizon and maybe even Sprint and T-Mobile, there isn’t going to be a $25/month data plan for the iPhone anytime soon.  For the budget conscious, Android is the only smartphone game in town.

So how does Apple respond?

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