Mr. Martellaro:

You forgot the to insert the <irony></irony> tags for this sentence:

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AAPL has climbed back into the US$140+ range after a series of devastating reports on the U.S. economy led to a massive selloff in January and February. AAPL had recently declined to a level, $120, that hadn't been seen since before the iPhone fever of 2007.

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Dreadnought wrote:
You forgot the to insert the <irony></irony> tags for this sentence:

Ok, you're going to have to refresh me on the whole irony thing.

How is "stocks go down for some reaons and then back up for other reasons" ironic?

I'm afraid I'm missing what you're trying to say.

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Small White Car wrote:

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Dreadnought wrote:
You forgot the to insert the <irony></irony> tags for this sentence:

Ok, you're going to have to refresh me on the whole irony thing.

How is &quot;stocks go down for some reaons and then back up for other reasons&quot; ironic?

I'm afraid I'm missing what you're trying to say.

The irony refers to the overwrought depiction of Apple stock as being in the toilet, and that it's been a really long time since the stock was on an upward trend.

AAPL reached its all time high of $202 in January 2008, not July, 2007 - as the article implies. While it has lost considerable value since MWE, $120 a share is well within the range of historic highs. Until this last run-up - since the announcement of the iPhone in January 2007, AAPL's historic high was in the mid-$80 range, just after Apple announced a 2:1 split (late 2005).

The fact of the matter is that AAPL today is still 50% over its price a year ago, and to characterize the stock as being in the "abyss" is simply ludicrous. I am giving the author the benefit of the doubt, since he is an extremely intelligent and well educated person.

Amazon with its all DRM-free music is killing iTunes where most songs are still DRM infected. Amazon will soon pass iTunes and expect the stock head back under $100.

"Killing"?

A bit of an exaggeration, don't you think?

iTunes has DRM because of the record companies, not because of Apple. If allowed, Apple would sell all of their catalog without DRM. The record companies are not letting them do that in order to wrest some control away from Apple and iTunes.

Amazon surpassing iTunes is a non-event. It will have no discernible effect on AAPL. Apple doesn't make much money on music sales. I bet all the music sold by Amazon are mostly going into iPods. It is so easy to import those downloaded tracks into iTunes and then into your iPod.

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Dreadnought wrote:
AAPL today is still 50% over its price a year ago, and to characterize the stock as being in the &quot;abyss&quot; is simply ludicrous.

Not really. That valley in the stock price chart looks quite abyssal to me.

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Anonymous wrote:
Amazon with its all DRM-free music is killing iTunes where most songs are still DRM infected. Amazon will soon pass iTunes

Really?

Are you sure Amazon can sell over 4,000,000,000 songs "soon?"

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Intruder wrote:
&quot;Killing&quot;?

A bit of an exaggeration, don't you think?

iTunes has DRM because of the record companies, not because of Apple. If allowed, Apple would sell all of their catalog without DRM. The record companies are not letting them do that in order to wrest some control away from Apple and iTunes.

Yeah, along with the next 'iPod Killer' also.