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Shawnuff
1 Comment
Over-Hyped Apple Has No Real Value
Apple isn't only a "great growth story right now" but one that began in March 2004. The stock is now trading at 12.5 times its value of March 2004.
To Mr. Cullen the iPod is "is a nifty device from everything I hear". That "nifty device" along with iTunes DOMINATES the digital music mark. The "nifty device" put Tower Records out of business. iTunes is now the 3rd largest retailer of music after Wal-Mart and BestBuy. Target used to be number 3 - but that was last quarter.
To foolishly state that the iPod "is Apple's only real successful product launch in their twenty-five years in business" is again ignoring the bellwether that is Apple. Do you think there would ever have been Microsoft Windows without Apple developing the Macintosh? Apple's OS X is far ahead of Vista (the gap to widen soon), Apple's Desktops and Laptops sales are increasing dramatically (you can't use a 10-year time frame with this), and the iPhone has redefined peoples' expectations of a cell phone (woe be to cell phone manufacturers othe than RIMM).
Mr. Cullen would do well to remove his prejudices of Apple. He might even buy one of this nifty iPod devices and see what all the fuss is about.