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Apple (AAPL) is initiated a Buy at Citigroup with price target of $675. The recent selloff, says...

Apple (AAPL) is initiated a Buy at Citigroup with price target of $675. The recent selloff, says Citi, is reminiscent of past corrections. Meanwhile, Gene Munster's crew was at Mall of America for 2 hours on Friday: Shoppers bought 17.2 items/hour at the Apple store, 3.5/hour at Microsoft (mostly Xboxes). 22 iPads were sold. Zero Surfaces.
Comments (25)
  • They are probably waiting for the Surface Pro, running a real copy of Windows 8
    26 Nov 2012, 08:28 AM Reply Like
  • And Microsoft will deliver...

     

    After the holidays.
    26 Nov 2012, 09:08 AM Reply Like
  • are you still here, chopchop. everyone is on to you.
    26 Nov 2012, 11:01 AM Reply Like
  • yawn. It's amazing you get this much free time at Apple, Inc, Rocback. Should I notify Tim cook?
    26 Nov 2012, 11:34 AM Reply Like
  • They were advertising the dickens out of Surface on both NCAA and NFL this weekend. Music, dancing, celebrity endorsers...it's all over the place in outdoor. Also, a lot of MS advertising for Smartphones and Xbox.
    26 Nov 2012, 08:33 AM Reply Like
  • Pretty good TV ads but, is the consumer going to gamble on Surface or take the sure thing with Apple? My guess it's going to take them awhile to be relevant
    26 Nov 2012, 09:52 AM Reply Like
  • Was that per minute or per hour? Surface is a great coffee coaster or dinner platter.
    26 Nov 2012, 08:52 AM Reply Like
  • Gene's sample is far from statistically sound, so you just have to take this for what it's worth. Regarding the decline in iPad sales, the most glaring issue would be the time frames he used. I don't know if he reported those somewhere, but it's not in the link. If he doesn't include the opening of the store, then he's likely missing many of the online pickup orders which weren't as popular last year since the iPad 2 was in healthy supply.
    26 Nov 2012, 09:10 AM Reply Like
  • The "Surface" would be a best-seller, if only it was sold by AAPL. Period. Offering a brand-new product with no predecessor online-only (most non-US target markets) and through a few physical stores is probably not worthwhile to be copied by any other Hardware OEM. But then, MSFT needs to Balance PC OEM interests and the own ones. And MSFT's fate is less tied to the success of the Surface than it is to Windows on all platforms. Squeezing the likes of HP, Dell and others between the Android/Apple success on one hand and a dominating Surface on the other would likely be a self-goal. So take MSFTs early success with a bit of pations and wait for PC OEM product to make the way into the market ....
    26 Nov 2012, 10:18 AM Reply Like
  • gene munster is a cheerleader/shill... not an analyst
    26 Nov 2012, 11:50 AM Reply Like
  • When Apple was the only real provider in the smartphone and tablet space they were headed for the moon....BUT....now that there is so much competition in those spaces, especially with the big players like MSFT entering, I would humbly suggest Apple is headed in the opposite direction, especially considering how pathetic their OS is. I know, I have both iPhone and iPad. As soon as my contracts are up with the carriers, I will be sure to switch to better smart phones and better tablets.
    26 Nov 2012, 12:05 PM Reply Like
  • Cya. 1 less iPad iPhone user (you), another couple million added next quarter.
    26 Nov 2012, 01:50 PM Reply Like
  • Hate to break it to you but unless you buy a Windows 8 tablet with a full operating system , you are giong sideways switching to any other tablet.
    As for phone operating system, it's a matter of preference. Not sure what Andriod OS has that is a deal breaker...they all offer more or less the same features. It's all about apps now.
    26 Nov 2012, 02:12 PM Reply Like
  • What is pathetic about it? I have an iPad and a macbook that serve me well enough.
    26 Nov 2012, 12:29 PM Reply Like
  • I am looking forward to a surface pro next year.... a tablet that I can actually use for content consumption (like the IPad, Nexus, Galaxy Tab etc) or work.
    26 Nov 2012, 04:22 PM Reply Like
  • I also took a stroll in Corte Madera, Ca. Both MSFT and APPLE high end stores are represented. Couldn't help noticing a significant difference in 'non-employees' at the MSFT store. APPLE had upwards of 70 (seventy) customers while MSFT had perhaps 10 (ten). I've met with a MSFT expert, for a demo,and was impressed with the hardware and software. My issue is that I can't trust MSFT in software stability and backup. I've lived with MSFT since 1980 and relished the day I switched to an APPLE April 2011. I truly wish MSFT success as the two companies will only benefit the consumer. In short, if you are going to step up and "relearn an operating system" APPLE is the way to go. Windows8 will require a complete 'relearn' (nothing like XP or Windows7) hence APPLE has significant advantages in stability, design and a proven track record.
    27 Nov 2012, 02:01 AM Reply Like
  • It's fine if you like a completely closed, sheltered experience. Can you even upgrade your own ram yet?
    27 Nov 2012, 07:28 AM Reply Like
  • chopchop, most people these days really DO NOT care. You buy it with enough RAM, then live with it. I think Apple sales are a testament to that.
    27 Nov 2012, 10:13 AM Reply Like
  • Enough people care to make windows and other OS still relevant today.
    27 Nov 2012, 10:38 AM Reply Like
  • And enough people care to make Apple the second most profitable company in the world.
    27 Nov 2012, 11:32 AM Reply Like
  • agreed. Apple and Jobs are/were masterful at marketing and product design. They've never really invented anything groundbreaking, but they have been effective in packaging and marketing products to the public.

     

    I actually do own some AAPL btw (the only IProduct I do own lol) As a techie though, I dislike their closed system and have been (and continue to be) a devout Android/Windows user.
    27 Nov 2012, 11:35 AM Reply Like
  • I would wager to say the original iPhone (and especially the 3G which is what really accelerated sales) was a groundbreaking device, hence why Google, Samsung, you name it, jumped on board and started making similar clones.
    27 Nov 2012, 01:48 PM Reply Like
  • Google jumped on board? Guess again

     

    http://bit.ly/V4ubAv
    27 Nov 2012, 01:57 PM Reply Like
  • Maybe I should say that the a 4"+ screen and LTE were groundbreaking features and it finally took this long for Apple to jump on board.

     

    Hmmmmm
    27 Nov 2012, 01:59 PM Reply Like
  • I have NEVER felt the desire to upgrade my ram.
    27 Nov 2012, 09:47 AM Reply Like
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