This is not a negative piece on Apple, but a reminder about the end value of Apple as a stock. I could care less about the nerds and the Apple fanboys and Apple haters.
The stores rock and in the end, they could sell shit in a box and the wave will continue (Actually they started that process with Apple TV). Talk to me at 800 stores and we may be closer to a sell.
BUT , they have had it too easy. I mean Vista, Dell, Gateway, Sony (laughable stores using Vista on all the machines)….Apple is acting way arrogant and complacent. The nerds and VC’s of the world were switching and beginning to cave to the Apple lovefest. The iPhone, while on it’s way to greatness, is disgusting with it’s AT&T partnership and laughable web service.
As I mentioned on Friday, a nightmare is brewing with smart, trusting, early adpoters. Techmeme is aglow with the problems . As a tech retard, I am scared to plug in my iPhone. I love going to the Apple stores, but don’t want to go over this. Maybe it’s just a blip, but if it isn’t, Nokia, RIMM and others will have an answer. RIMM already has an answer. I can never imagine a full switch. If they add some smart software for music and a partnership with Amazon or even get bought by Microsoft, the phone war may go easily to RIMM. The market is already calling it a two horse race with RIMM and Apple.
I am hoping for a 30-40 percent selloff already. It’s overdue. Maybe Job’s would like one so he can backdate some more options.
When that selloff comes again, remember the mantra …800 stores, the best retailer ever.
In the meantime, this continues to be the best of times for RIMM, the only absolute freaking purebread in the phone/email handheld business. Congrats to them.
Disclosure- Long Apple and Amazon…should be long Nokia and RIMM