Apple Fails to Deliver, and the Rally Fizzles

Oct. 15, 2008 7:21 AM ETApple Inc. (AAPL)27 Comments
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Apple Investor

Now I’m not saying that Apple (NASDAQ:AAPL) caused the stock market rally to fizzle, but I think a case could be made that as the de facto leader of Tech, Apple’s refresh of its notebook lineup did nothing to stem the tide of the rally. Maybe that’s a little unfair in that the rally lost steam only minutes into the market open, and Apple’s CEO Steve Jobs didn’t take the stage to hawk his new notebooks until about 1 p.m. EST yesterday.

Although Apple’s new notebooks are awesome pieces of engineering, the laser-tooled bricks really deflated my expectations, and I’m sure the expectations of many analysts and Apple faithful as well. Look, it’s really cool that the new case is a single piece of aluminum, precision manufactured with CNC machines, just like NASA gadgets and all, and I suppose the new glass track pad is a step into my Touch future. But the specs of the machines in this lineup are little changed from their prequels, and the pricing does not make me want to run down to my local Apple Store and empty my pockets. What happened to an $800 MacBook?

Let me make a full disclosure that I intend to purchase a 15 inch MacBook Pro sometime this year, but I would have purchased one no matter what the price or configuration, because I need a new laptop. Windoze-based laptops are simply not an option for me regardless of the price difference.

I’m sure that I’ll feel pretty good when I leave the store with my new MackBook Pro, in much the same way I felt with my current MacBook Pro, and for the scores of Macs I’ve purchased over the years. Only this one will definitely be prettier and sleeker, while not a whole lot faster, and definitely not cheaper either. You would

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The Asymmetric Advisor is research and investing member site/blog. We focus mainly on the natural resource sector like gold miners, other metals producers, energy producers/pipelines, cannabis and some eccentric technology plays like video gaming.Our goal is to find and invest in asymmetric opportunities, that have small defined risk with relative large upside potential, such as those typical with the boom and bust cycles of the natural resource sector.

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