It’s like a train wreck, but in slow motion. It edges forward ever-so slowly, horrific and chilling. You know what’s going to happen, but just like yelling “Stop! No! Don’t do it!” at the movie screen when the girl splits off from the main group in a horror film, your shouts and protestations fall meaningless, echoing off of deaf ears.
Shares in Apple Inc. sold off on Wednesday following the company’s June quarter earnings report on Tuesday. AAPL ended the day at US$574.97, down $25.95 (-4.32 percent) on volume of 31.3 million shares trading, more than triple the average volume. Bryan Chaffin explains why it happened.
Apple reported its June quarter results on Tuesday, and a couple of main themes emerged from the company’s conference call with analysts. The first is that the miss can be pegged on those evil rumors of an iPhone 5 and a lagging economy, while the second was a focus by both the analysts and Apple executives on the code phrase “product transition.” Bryan Chaffin offers his thoughts.
Google made a plea to the Senate Judiciary Committee last week, a plea for permission to pilfer the patent portfolios of any company good enough to change the world. Bryan Chaffin labels it a bunch of baloney, but says that it’s in keeping with Google’s history of wanting the rest of the world to be available to its profit machine.
The EFF issued a manifesto on Tuesday demanding that Apple tear down its “crystal prison,” and to, “to open its platforms for those who wish to tinker, tweak and innovate with their internals.” Bryan Chaffin argues that, in this case, the EFF is trying to protect us from the tyranny of excellence.
Apple has gotten so good at manufacturing its devices, Bryan Chaffin thinks the company could use pricing to bludgeon would-be tablet competitors when it releases a 7.x inch iPad later this year.
Investment analyst Fred Hickey said in a newsletter that Apple’s valuation is unsustainable, and that the company is just another consumer electronics company with unsustainable margins subject to the whims of customers. Bryan Chaffin adds him to the Apple Death Knell Counter.
What keeps AT&T CEO Randall Stephenson awake at night? Is it war? Poverty? Hunger? Nope, it’s Apple’s iMessage. Bryan Chaffin explains why AT&T is right to fear iMessage, but argues that fearing that kind of change is the wrong mindset for telcos.
Research In Motion confirmed on Tuesday that it, not Samsung, was behind the “Wake Up!” stunt staged outside an Australian Apple Store in April. Bryan Chaffin scratches his head and looks for meaning in the stunt.
Apple = Sony. So spaketh George Colony, and so landeth Mr. Colony in the Apple Death Knell Counter as entry #58. Writing for Forrester Research, Mr. Colony said that without a new charismatic leader to take over Apple, the company will go the way of other once-great companies like Sony, Polaroid, and Disney. Bryan Chaffin argues that Forrester is missing the boat.
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