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Some say the stock will go up to $1,000. Here are my doubts: there is not much more left for Apple to tap into. Most folks have iPads, iPods, etc. Android takes
by joering2 15y ago
Some say the stock will go up to $1,000. Here are my doubts: there is not much more left for Apple to tap into. Most folks have iPads, iPods, etc. Android takes up some market as well. The ride from $200 to $550 was understandable -- I had people approaching me everyday that they haven't heard of Apple and now they love it. It didn't happen in a while. What else they can come up with? TV - that would be like "take #3" for them. One of the mistakes is that my 4th gen iPod still updates to the newest iOSes, 2 years later. Hence I don't have a reason to buy a new model. Also, 4th gen (other than FM radio) has built in everything one can dream of. And decompressing my music to 192kbit which I believe is reasonable for most music listeners, on my 64gb I fit 10,600 songs (or 530 albums) and still 2gb left. So no idea what would make me buy a new model...
While I see further growth to maybe $700 with the new iPad/iPhone hype, I fail to see that much of money, new products and momentum for the stock to get all the way to $1,000. But rest assured, I was wrong before.
- pchristensen 15y ago"Most folks have iPads" They've sold about ~60M so far worldwide in 2 years. I'm a tech nerd in a rich part of Chicago and I know more people that want iPads than have them. Every event, every earnings call includes some version of "We're in the Post PC world. We only sell 1/4 of smartphones. We only sell 1-2% of phones. We only sell ~8-10% of computers. Even though we're the biggest company in the world, we have a ton of room and our growth rate isn't even slowing yet." Apple is not close to saturating its market, except iPods, which it is cannibalizing itself with iPhones.