Apple Stock Down, Was It Something Steve Said?

Posted: Jan 16 2008, 12:59am CST | by , Updated: Aug 11 2010, 5:43am CDT, in News | Other Stuff


Apple Stock down, Was it something Steve said?
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The Apple stock took quite a beating yesterday and also after the market closed in after hour trading. All in all it is now down almost 10% ($16). Did Steve Jobs say something wrong at the keynote yesterday?

Apple introduced the world's thinnest notebook with the MacBook Air. There is not much wrong with that one, yet another status symbol for Mac fans to own and enable them to point at Microsoft based notebooks and tell their owners how fat they are.
Still the form factor of the MacBook Air is not letting it compete with the new stars on the market: Asus Eee PC and Everex CloudBook. These low-cost, small, linux notebooks will eat up a large share of the notebook market in 2008. Asus already shipped 350,000 Eee PCs as of December 2007.
Apple could easily offer the best notebook in this sub-notebook category with a brilliant 10 inch display at 1,280x800px resolution. The 7 inch screens of the Eee PC and the Cloudbook are a bit too small, but the form factor would accommodate a 10 inch screen if you put in some engineering effort.

What I am really impressed with is the 4 million iPhones Apple has sold so far. This is huge, but apparently Wall Street analysts expected around 5 million, that is one reason apparently for the stock decline.
4 million is huge, considering the high price and the being locked into AT&T (unless you like to play around with unlocking). If Apple is already that successful with a big smartphone like the iPhone, they really could compete with a smaller and cheaper version with the mass market leader Nokia.

The movie renting via iTunes is going to be neat, but this whole segment is still far from mass market ready.
The Time Capsule is a nice start, but unless it also backs up Windows and Linux machines and offers features that make it the digital hub of your home it is not that big.

Steve Jobs says in this CNBC interview he did right after the keynote that he does not care about daily movements in the AAPL stock, he is looking at the long-term - and I guess we should too.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at




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