CNBC reported Monday that billionaire hedge-fund investor Julian Robertson sold all of his shares in Apple because he’d recently read a biography of founder Steve Jobs, and found the former CEO of Apple to be a “really awful person.”
Robertson admits that the stock did very well for him, but would rather “let someone else make the money from now on,” as he said on CNBC’s investment show, Closing Bell.
There’s no question that the iPhone 5S and iOS 7 together make for the best phone ever made.
The din of offhand, dismissive criticism from the Android fan base that Apple never innovates should be silenced, at least for awhile, given that Apple now sells the only dual-tone LED flash; the only 64-bit mobile CPU; the only 64-bit OS; the fastest touch-screen performance phones by far; the only wide-scale deployment of Multipath TCP; and the only useful, usable and widely used fingerprint scanner ever placed on any consumer electronics device.
Yes, there’s plenty of petty grousing. And who knows what competitors will ship tomorrow?
But today, it’s clear that Apple rules the smartphone market.
The Android fan critics now also have to contend with a razor sharp, concise rebuttal to the cacophony of general criticism of Apple by Apple VP Craig Federighi: “New is easy. Right is hard.” He said that after referring to Samsung by saying that Apple “didn’t start opportunistically with 10 bits of technology that we could try to find a use for to add to our features list.” Ouch!
Unfortunately, iOS 7 is going to cause some huge problems that nobody is talking about yet, but will do when the unwanted bricking epidemic starts.
That’s the polite way to say it. Let’s usher all the financial industry people out of the room so I can tell you the blunt truth. Ready?
Wall Street has systemic blind spots and institutional biases that make it incapable of appreciating where Apple is headed. And they demonstrated all that this week by focusing on all the wrong things.
In general, analysts were expecting a $400 iPhone 5C. But Apple announced one starting at $549 — not a budget or low-cost phone by any measure. Apple’s stock price dropped about 5% and stayed there.
Overemphasizing the wrong information — whether or not Apple would compete in the budget smartphone category — speaks volumes about Wall Street’s myopic, misguided and clueless understanding of consumer electronics and Apple’s role in it.
Here are the five reasons why Wall Street is wrong about Apple.
Apple just sent out an email to developers, notifying them that three new downloads are now available: OS X Server Preview 7 for OS X Mavericks, OS X Mountain Lion 10.8.5, and Windows Migration Assistant.
Steve Cheney is a pretty smart guy, with a serious background in technology and mobile marketing, both as a former TechCrunch author and the current head of business development for iOS and Android chat app, GroupMe.
Cheney’s written a fairly strong analysis of the current Apple/Android war for supremacy and, as he sees it, there’s a clear advantage for Apple in the actual mobile device arena. Cheney calls it “bang per watt,” and he attributes Apple’s dominance here to the vise-like grip the Cupertino company has on the vertical integration of hardware and software.
I have to admit, I’m less than wary of all the tracking that goes on with the iOS devices my kids have access to. Now that they both have at least an iPod touch and access to my iPads, I’m feeling a bit on the worried side about them sharing any of their web or app activity.
Luckily, there’s an app called Disconnect Kids that installs on any iOS device and then helps kids (and their parents) understand what this tracking stuff is, and how to block it. It then helps those very same kids and parents do just that.
The new Jobs movie hits Friday, August 16th in theaters. And it’s not going to be pretty.
The movie covers the life of the late Apple co-founder and CEO from 1971, before the founding of Apple, to 2001, when Jobs announces the iPod, thus setting the company on the path to glory and dominance.
Not too surprisingly, the five major publishers originally named in the U.S. Department of Justice’s e-book case regarding their collusion with Apple on pricing have now themselves filed a complaint regarding the Justice Department’s proposal to eliminate the use of the agency model in any Apple agreements with publishers for a period of five years.
Publishers like the agency model as it allows them to set prices for e-books, instead of the distributor, as Amazon did before Apple’s own iBooks system launched on the iPad.
It feels like Apple is falling way behind. But I don’t think that’s true.
I believe Apple puts enormous brain power and good judgement into envisioning the Next Big Thing. It takes them a long time to get it to market. But once it’s there, they iterate to perfect the original vision.
In the year or two after Apple launches an iPhone or an iPad, everybody falsely believes Apple can do nothing wrong.
But then, as we get further away from the last launch and closer to the next one, everybody falsely believes Apple can do nothing right.
Completely separate and unrelated to false perceptions about Apple, Google lately has been on fire. And lately they’ve been kicking butt not only in their traditional role of algorithm-based Internet services, but also in Apple’s sandboxes—namely design and hardware.
Apple has never been the kind of company that copies out of a lack of vision. Nor have they avoided copying.
What’s great about Apple is that they develop an ultra-clear vision about how to maximize the user experience, then they make that experience happen regardless of whether the solutions have to be invented, copied or—most commonly—Apple’s own unique spin on something invented elsewhere.
There are many ways in which Apple should not copy Google. But there are six ways Apple should copy Google and, in doing so, make Apple a better company with better products.