If You Own Apple Stock, Get Out Now
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That’s right everyone. Apple is about to go downhill. Unless there is a serious backflip in current market/economic conditions, Apple’s 1900s pricing will bring the company to its knees whether or not the more reasonably priced product lines, such as the iPod and the iPhone, keep their current market share.
Yesterday’s keynote by Apple at Macworld in San Francisco showed to the world that Apple is running out of ideas and money. Trying to make out that all songs are now DRM-Free on iTunes, or that iLife and iWork ‘09 are colossal upgrades, made me squirm. Many news agencies are also saying this, with headlines such as:
Apple bows out of Macworld with a Fizzle - Sydney Morning Herald
Apple underwhelms at Macworld - BBC News
Source ~ Google News Australia
I would have to say the ‘biggest’, if you can even say that, is that they now have a 17″ Unibody MacBook Pro. To me, the product is beautiful, and deserving of a few Academy Awards, but the price tag makes it look like an expensive piece of fine China. In Australia, the new 17″ MBP is a mere $4500. What confuses me is how this pricing will attract anyone with a brain when the Mac Pro, with eight cores, is $3999.
If that isn’t enough for you, Steve Jobs, who is the point of a crumbling pyramid of Apple’s C-Class execs, came out with a statement a few days ago.
“So now I’ve said more than I wanted to say, and all that I am going to say, about this.” ~ Steve Jobs, Apple PR
On top of that bombshell, a desperate, smaller release from the board of directors, stating that Jobs:
“…deserves our complete and unwavering support during his recuperation. He most certainly has that from Apple and its Board.” ~ Apple PR
These arrogant measures from a company that has been given support and praise from the community need to be reversed sooner, rather than later. Otherwise, with the coming of Windows 7, Apple is at risk of returning to the generic runner-up position it so hated.
2 Comments
Josh
January 7th, 2009
at 10:12am
I disagree and simply want to state you are wrong. Apple computers has gained marketshare for years now, besting itself every year. With a superior operating system, and superior hardware, they aren’t going anywhere anytime soon. They’ve always offered and always will offer a better product than microsoft. People have just taken note of it finally. I have, will and plan to keep paying the premium. With microsofts latest flop(vista) maybe they’re headed down hill with windows 7..
Toastpaint
January 7th, 2009
at 7:02pm
Josh, I do agree with you that Apple does provide superior products, however not everyone can afford it, much like a BMW or a Mercedes. But it is even further than that, with prices almost double that of a PC. To me, it isn’t *that* bad. I’m using a Thinkpad X61T here, with Windows Vista, and it does have caveats that I am very angry about, but 1) it works and 2) I have tried Windows 7 on this same laptop, and it is faster, safer, and easier to use from the get-go. I don’t think Windows 7 will be a flop. Windows 7 (in its beta stage) is being hailed by all levels of the internet, from News Agencies, to Bloggers, to Normal Users, and people who have found the copy illegally.