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  • Tim Cook (AAPL) on the five-inch smartphone: "Our competitors have made some significant trade-offs in many of these areas in order to ship a larger display. We would not ship a larger display iPhone while these trade-offs exist." He adds that if IDC's right, the smartphone market declined 30% since December, so Apple's decline of 15% beat the market. [View news story]
    Ben, that would be a good point if not for what chopchop points out below--the battery size is roughly proportional to the screen, so this is not an issue. There is no phone that lasts "30 minutes," iPhone or Android, 4" or 5", and battery life has far more to do with individual usage habits than with battery size. Moreover, Apple's products have consistently had significantly above-average battery life, so even a design that compromises in this area would likely result in a phone whose battery life is more middle-of-the-road.
    Apr 24, 2013. 04:47 PM | Likes Like |Link to Comment
  • Tim Cook (AAPL) on the five-inch smartphone: "Our competitors have made some significant trade-offs in many of these areas in order to ship a larger display. We would not ship a larger display iPhone while these trade-offs exist." He adds that if IDC's right, the smartphone market declined 30% since December, so Apple's decline of 15% beat the market. [View news story]
    There are no trade-offs and I challenge Tim Cook or anyone else to explain, rationally, what the iPhone 5 has at this point that high-end Android phones do not, from a hardware standpoint (leave the OS out of it). If you walk into a store that sells smart phones, you cannot help but be struck by the fact that the iPhone (particularly the pre-5 versions that are now selling at bargain prices) is easily among the smallest models on display. Apple's argument appears to be that their idiosyncratic aesthetic preferences trump whatever market research all of their competitors have apparently done, which resulted in the design of these ever-larger phones. This stubborn attitude might have been okay when the iPhone was, by a pretty wide margin, the best phone out there--and for a few years, it was--but now that all smart phones are much closer in terms of features and perceived quality, I don't see how Apple intends to prevent losing its market share little by little over the coming years. It would be one thing to innovate only once, and simply coast thereafter, but for Apple now to swim against the tide is utterly foolish.
    Apr 24, 2013. 10:29 AM | Likes Like |Link to Comment
  • At the open: Dow +0.04% to 14081. S&P +0.21% to 1519. Nasdaq +0.29% to 3172.
    Treasurys: 30-year +0.07%. 10-yr +0.08%. 5-yr +0.04%.
    Commodities: Crude +0.08% to $92.83. Gold -0.36% to $1589.9.
    Currencies: Euro -0.14% vs. dollar. Yen +0.13%. Pound -0.08%[View news story]
    Thank you for this.
    Feb 28, 2013. 02:20 PM | Likes Like |Link to Comment
  • American Apparel (APP): Q3 EPS of -$0.18 misses by $0.15. Revenue of $162.1M (+15% Y/Y) beats by $3M. (PR[View news story]
    Whoops, the above should read "$0.125 of the $0.179 EPS miss is due to mark-to-market re-valuation of stock warrants, not past or future cash expenditures. A non-GAAP EPS with these warrants excluded would be -$0.536."
    Feb 25, 2013. 01:24 PM | Likes Like |Link to Comment
  • Microsoft's Surface Pro: Yay Or Nay? [View article]
    This is by far the best comment in the thread, possibly better even than the article. Kudos.
    Feb 7, 2013. 08:20 PM | Likes Like |Link to Comment
  • The PlayStation 4 (SNE) will feature a controller sporting a touchpad and allow multiple users to simultaneously log in, gaming site Kotaku reports. The PS4's development kit is said to contain 4 dual-core AMD Bulldozer CPUs, along with an AMD GPU, 8GB of RAM, and a 160GB hard drive. AMD is already expected to be a key supplier for the next-gen Xbox. Look for Microsoft's console to be announced at the June 11-13 E3 gaming conference; Sony's could be announced a little earlier[View news story]
    Amazing how quickly the incessant ridicule of Nintendo's Wii U gamepad has turned into imitation.
    Jan 25, 2013. 08:23 AM | 1 Like Like |Link to Comment
  • With Apple, What A Difference A Week Makes [View article]
    $AAPL had an anomalously good 1Q12, and the stock soared anomalously high for much of the early part of that year. Why are people now complaining that in the absence of sustained performance at those levels, the stock is failing to maintain prices at those levels?
    Jan 24, 2013. 10:25 AM | Likes Like |Link to Comment
  • November Nonfarm Payrolls: +146K vs. consensus +93K, October revised to +138K from +171K. Unemployment rate 7.7% vs. consensus 7.9%, 7.9% previous. [View news story]
    Tack,

    The sad reality is that people with degrees in "environmental sustainability" will find ample employment, either in the EPA itself, or in the compliance departments of any number of corporations and institutions.
    Dec 7, 2012. 05:24 PM | 1 Like Like |Link to Comment
  • November Nonfarm Payrolls: +146K vs. consensus +93K, October revised to +138K from +171K. Unemployment rate 7.7% vs. consensus 7.9%, 7.9% previous. [View news story]
    More kids have a college education now than at any other time in the history of the U.S. because a college education is now less valuable and more expected than at any other time in the history of the U.S. A combination of high tuition, the discrediting of trade schools and community colleges, and the proliferation of useless degrees has resulted in more and more kids all holding the same piece of paper. Do you think it's worth as much now? You might go on to cite the fact that more kids than ever before are pursuing graduate degrees, but that's because they can't find a job with just an undergraduate degree (or don't want to work in the jobs they can find) and would rather simply stay in school forever, despite the costs. Grad school is the new college. Maybe in another few decades, we'll be marveling at the number of young postdoctoral fellows in America.
    Dec 7, 2012. 04:33 PM | 4 Likes Like |Link to Comment
  • November Nonfarm Payrolls: +146K vs. consensus +93K, October revised to +138K from +171K. Unemployment rate 7.7% vs. consensus 7.9%, 7.9% previous. [View news story]
    People need to stop trotting out the "boomers are retiring" canard every time the labor force shrinks. If you think that's the cause, it's because you're not looking at the data. The percent of those 65 years and older who are not retired continues to climb, from 16.5% in mid 2008 to 19% last month. Therefore, the rate at which boomers are retiring is substantially slower than the rate at which boomers are reaching retirement age. If retirement-age boomers were the only group that affected labor force participation rate, then fewer retirements means the rate should be increasing, not decreasing as is observed. The retirement explanation is just flat-out wrong.

    By working longer, these relatively high-wage employees are contributing to higher unemployment among those just entering the workforce, who are relatively cheaper to employ. Rising food prices, loss of home equity, loss of retirement savings are all forcing the near-retirement age to postpone their plans and stay in the labor force.

    Moreover, the average duration of unemployment (40 weeks) remains approximately double that of the previous record (21 weeks in 1983), and is a post-war high. The participation rate among those aged 16 to 19 is the lowest ever recorded in the post-war era, meaning that the current generation of future laborers has the least work experience of any generation in history. These are terrible precedents.
    Dec 7, 2012. 10:29 AM | 5 Likes Like |Link to Comment
  • Microsoft (MSFT) will charge a hefty $899 for the 64GB version of Surface Pro, and $999 for the 128GB version. Touch/type covers are sold separately. There's a good chance Surface Pro will be seen as just one name in a sea of Windows 8 Pro tablets and convertibles, especially since its use of an Intel (INTC) Core i5 CPU has made it a little thicker/heavier than models running on Intel's Clover Trail. Meanwhile, Digitimes is reporting Microsoft has cut its Q4 Surface RT orders in half to 2M  - that's a negative for NVDA. (NPD data[View news story]
    Funny how according to most comments in this thread the Surface Pro is either the best of both worlds based on never having used it, or the worst of both worlds based on never having used it. Let's wait to form extreme opinions until we've used one, people.
    Nov 29, 2012. 05:58 PM | 4 Likes Like |Link to Comment
  • American Apparel (APP): Q3 EPS of -$0.18 misses by $0.15. Revenue of $162.1M (+15% Y/Y) beats by $3M. (PR[View news story]
    $0.13 of the $0.15 EPS miss is due to mark-to-market re-valuation of stock warrants, not past or future cash expenditures. A non-GAAP EPS with these warrants excluded would be -$0.06.
    Nov 13, 2012. 05:42 PM | Likes Like |Link to Comment
  • Yahoo's (YHOO) latest home page revamp, currently in trial mode, clearly has mobile in mind. A set of Windows 8-like photo tiles take up plenty of screen real estate, and Yahoo compensates by cutting down on icons, text links, and display ad modules. A previous test for Yahoo's home page, which gets 4.4B page views/month, involved a news feed that infinitely scrolls (much like Twitter). Separately, Yahoo disclosed in its Q3 10-Q it has bought back $212M in shares thus far in Q4, after buying $190M in Q3. [View news story]
    AAPL is going to be late to the game on live content home screens. Tim Cook can grumble all he wants about how Windows 8 is "confusing" but he can't ignore the trend.
    Nov 9, 2012. 04:46 PM | 2 Likes Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M iPhones sold, 14M iPads, 5.3M iPods. Shares halted. (PR[View news story]
    Hah, "quality over quantity." No, quantity of dollars is all that matters. Try telling NOK that their extremely well-reviewed phones make them number one.
    Oct 26, 2012. 10:32 AM | 1 Like Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M iPhones sold, 14M iPads, 5.3M iPods. Shares halted. (PR[View news story]
    Yes, actually.
    Oct 26, 2012. 09:30 AM | 3 Likes Like |Link to Comment
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