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Wall Street Thinks Apple’s Run Is Over

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Apple's stock has been in the doldrums for the last 6 months. Wall St. thinks it's over.
Apple's stock has been in the doldrums for the last 6 months. Wall St. thinks it's over.

The nattering nabobs of negativism on Wall Street think Apple’s runaway success is over.

Apple’s stock has been in the doldrums for the last six months, and the reason is that analysts don’t think Apple can keep it up. Here’s what they’re saying:

Apple’s Retail Exec Ron Johnson To Quit For… J.C. Penney!

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Steve Jobs and Ron Johnson at Apple's Fifth Avenue Apple Store grand opening.
Steve Jobs and Senior-VP of Retail Ron Johnson at Apple's Fifth Avenue Apple Store grand opening. Photo: Richard Aguilar. http://bit.ly/jrbPU6
Photo: Richard Agullar

Ron Johnson, Apple’s VP of retail, is quitting to take the job as president of J.C. Penney, The Wall Street Journal reports.

The company is expected to announce Johnson’s appointment later today. It’s a surprising move.

Update: It’s official. J.C. Penney has confirmed that Johnson will become CEO on November 1. Plus, Johnson is investing $50 million of his own money!

Steve Jobs and Bill Gates Chopping It Up [Vintage Photo]

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One look at this vintage pic of Steve Jobs and Bill Gates from the early days of each man’s career says a whole lot about the ultimate trajectories of both their businesses and their customers, dont’cha think?

The original provenance of the photo is unknown, though it clearly predates the historic conversation the two tech titans had at the All Things D conference in 2007.

From the looks of it, we’ll hazard a guess here it’s from a visit Gates made to Jobs’ California home back when the battle between Microsoft and Apple was more of a fair fight. What do you think?

[Awesome People Hanging Out Together]

Steve Jobs Wanted To Build Spaceship Campus 30 Years Ago

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Steve Jobs wanted to build his futuristic spaceship campus thirty years ago, reports the San Jose Mercury News.

Jobs wanted a “shimmery glass structure” surrounded by trees in rural San Jose. He had purchased the land and had lined up world-class architect I.M. Pei to design it.

“To me, it’s as if time hasn’t shifted — 30 years, same vision, same scope, same dream,” said real estate consultant Bob Feld, who worked with Jobs at the time.

So what happened?

iCloud Is Built On The Backs Of Windows Azure And Amazon

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Apple’s iCloud may be looking to revolutionize the way consumers interact with the cloud, but that doesn’t mean Cupertino’s not drawing on its competitors expertise when it comes to actually hosting their online services.

In fact, Apple’s pushing the iCloud online with more than a little bit of help from both Microsoft and Amazon.

Daily Deals: $929 iMac, Mac Diary, 2TB USB Hard Drive

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We start another week of deals with bargains on iMacs, Mac software and storage. First up is a series of aluminum iMacs from the Apple Store, including a 22-inch iMac powered by a 3.06GHz Core i3 processor for just $929. Next is “Chronories,” a diary management tool for your Mac. Finally, you can never have enough storage, like this Fantom 2TB external USB hard drive for just $85.

We’ll check out other items. Details of these and many other products can be found at CoM’s “Daily Deals” page right after the jump.

Snap Pictures With Your iPhone’s Headset Using iOS 5 [Pro Tip]

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New to iOS will be the ability to use the volume up button on an iDevice to take a picture. Because of this, you’re also able to use the volume up button on your headphones to do the same thing.

Obviously, you’ll need a headset or pair of ear buds that support Apple’s volume-up/volume-down functionality (like Apple’s official ear buds) to get this to work.

Once it’s set up, though, this is just great additional functionality for those of us who take pictures with our iPhones using a tripod, or those of us who want to take really steady shots. Just plug in your headphones, line up your iPhone on a table, and use your headset to trigger the shutter, with no resulting wobble!