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(Note: this is dumb, country hick opinion, don't take advice from me.) Apple doesn't pay dividends. So if you are holding apple stock then you expect apple sto
by stonemetal 15y ago
(Note: this is dumb, country hick opinion, don't take advice from me.) Apple doesn't pay dividends. So if you are holding apple stock then you expect apple stock to go higher fast enough to be worth holding. What is going to drive that growth? The iPhone market is saturated. The desktop market seems to be holding steady for them. The iPad has been around over a year now so it probably isn't saturated but I doubt it will drive a 5%(or whatever ROI you would like to make) a year growth in the company's stock price.
- warmfuzzykitten 15y agoStrange use of the word "saturated". They sold 4 million in the first weekend. Everyone wants an iPhone; the only thing holding them back are price and connectivity. Therefore, the iPhone market is the phone market. Apple currently has 4% of that market. (When he introduced the iPhone, Steve Jobs said even 1% of that market would be huge. It has exceeded his ambitions 4x.) That leaves 96% of the market, which is still growing, to expand into. So, saturated? I think not.
- stonemetal 15y agoHow many of those were upgrades vs new customers? They may "only" have 4% of the cell phone market in general but they have a much larger percentage of the smart phone market. By saturated I meant that anyone who wants one has one. You can get them free with contract, so they have already completed the race to the bottom. iPhone's future mostly consists of replacement rate, and the gradual death of dumb phones.