As we wait for Apple to announce new products and new software later this morning, I thought I would post this chart of AAPL. It's been quite a ride in the past five years, and I don't see any reason to think the good times are over. See my earlier posts recommending AAPL, and stay tuned.UPDATE: For what it's worth, in my view the announcements today met almost all expectations, with one exception: there were rumors of a front-facing camera and video chat capabilities, but I thought that was a bit far-fetched, and I was right. Other than that, lots of good stuff: a new and improved OS X that costs very little to upgrade; a new iPhone 3GS that's coming out next week (earlier than expected); new iPhone 3.0 software coming out next week (free); new laptops that are better, cheaper and faster. The new iPhone looks like a must-have: much faster, longer battery life, better camera with video capabilities, compass. What started as a revolutionary cell phone has now become a powerful, handheld computer that will find its way into every facet of our lives. It's straight out of the science fiction literature.
Full disclosure: I am long AAPL at the time of this writing.
Scott,
ReplyDeleteWhat do you think of AT&T's decision not to extend the subsidized pricing to current iPhone users?
If you've had your iPhone for 18 months or so, then you do qualify for the subsidized price ($199 for the 16GB model). If bought a 3G iPhone then you have pay $399 for the new 16GB model. I don't think that is any different from the treatment you'd get with other carriers or other phones. And it's always possible to sell on eBay the 3G phone you got a year ago or less and recoup a good portion of the non-subsidized price.
ReplyDeleteWhat I would really like to see, however, is Apple selling the iPhone on carriers other than AT&T.