What is Digg?173 Comments
- cyberdork, on 10/10/2007, -2/+80Apple stock just hit $151 at 5:45pm EDT. Up 10% in after hours trading.
You guys realize that when their stock hits $165 Apple will be worth more than Intel? - Jrr6415sun, on 10/10/2007, -7/+33yesterday on the story about Apple's stock being way down, I said it was misleading and that when they released the real numbers today it would go up at least $5. And I got -25 diggs!!! digg is full of such arrogant obnoxious *****.
- iplayyouandme, on 10/10/2007, -1/+25Its funny to think that Apple will soon surpass INTEL and IBM in market value (number of shares x share value. Not too much of a surprise being that Apple is the 3rd largest music retailer after Walmart & Best Buy, has grown to half as many stores as Best Buy, 4th largest PC vendor in the US, and the undisputed king of MP3 players.
With 270,000 iPhones sold in 30 hours Apple will easily make its goal of 1 million iPhones (smart phones) buy the end of the year; yes that was Apple's projection before the analysts stepped in with all of there magical numbers that had no basis in reality. - MavRevMatt, on 10/10/2007, -13/+31Digg me down fanboys!
- craig4, on 10/10/2007, -0/+18just last year the stock was at around 60-70 a share.
- Davisourus, on 10/10/2007, -2/+19... Great Scott! If only I had some way to recharge the Flux Capacitor...
- universeman, on 10/10/2007, -0/+16I for one welcome our new Apple overlords.
- techweenie, on 10/10/2007, -7/+21Oh, but please, somebody tell us about the superior Nokia N95 ONE MORE TIME!
- iplayyouandme, on 10/10/2007, -1/+11"It should also be noted that Apple is worth more than Dell. Strange since most of the computers you see in the workforce are Dell." @ inkhead
Right. A Joe Blow manager needing 20 boxes to run MS Office probably isn't going to pop $1,000 or more for each box, when he can get a bare bones computer running XP Home Edition for $500 pop. Apple doesn't sell bare-bones boxes. Why? Because there not profitable. In fact, they can even be unprofitable. That's most of Dells business. Same goes for HP and Gateway.
What really keeps them afloat is selling premium boxes running $1,000 and up, just like Apple does. That's were Apple is busting their balls. Once you get into the premium boxes the price difference between Apple, Dell, and HP disappears.
Why buy a premium Windows only box when you can get a Mac for the same price and run any OS you want on it? Unfortunately for Dell and HP people are beginning to realize this and its killing their profits, because all of the big margins are on the high-end, not those budget boxes that litter the landscape. Margins on the high-end can be 25-35% vs. the budget boxes that run +/- 2-3%.
Apple is undermining Dell and HP by taking the most profitable end of the business from them. Marketshare is nice but it doesn't translate into dollars unless your selling the high-end gear to subsidize the low end. This is why Apple does so well on the bottomline compared to Dell or HP.
People like to say that Apple is expensive but when you look at boxes $1,000 or more the difference disappears, if you match them feature for feature. - trvr, on 10/10/2007, -3/+12Q: Apple TV Units?
A: We don't announce that level of product detail.
Ouch. - NSResponder, on 10/10/2007, -1/+9Nope. They never give the number of units of any particular product. They got this same question about the iPod Nano right after it came out, and they delcined to answer that, too.
-jcr - dvsbastard, on 10/10/2007, -4/+12Unless you have a financial interest (i.e. investment) with Apple, I don't see why you would care about this in any way shape or form... It is definitely good news for investors though! :)
- Frosty122, on 10/10/2007, -1/+8not a fan of apple, but congrats to them....they have worked hard for it
- iplayyouandme, on 10/10/2007, -0/+7"No wonder the revenue is so high, because they get morons to spend their money on way overpriced iCrap." @ boywonder
Did you not understand what I just said?
Apple along with Dell, HP, Gateway, etc, all sell high margin gear. The more powerful the system the higher the profit margin. Once you go over a $1,000 the price difference begins to disappear when matched feature-for-feature. In truth, they are all are using the SAME hardware and charging the SAME high margins for the premium gear. The difference is that Apple gear is better designed and runs all of the OSs, OSX, Windows, Linux, Unix, etc,.
Single processor Celeron box = low margin
Quad processor Xeon box = high margin
Sure, Apple doesn't sell a sub-$500 box and only a handful of sub-$1,000 boxes, but these sub-boxes wether they are made by Apple, Dell, HP, or Gateway are just that sub-standard. Of course someone will jump up and scream that they can build a monster box for under a $1000, but they often don't include the cost of the OS or have many of the bells and whistles that the premium gear over a $1,000 does and usually look like crap. How many Quad processor boxes with an OS installed run under $1,000?
Also, as too many geeks do, they only factor in the cost of the hardware and give little credence to the cost of good design. Fortunately, consumers do see the value in good design over price-vs-raw features, just as they do with shoes, cars, clothes, and houses. Which is why the iCrap as you call it sells so well. Why pay less for an ugly and overcomplicated MP3 player when you can get one that looks good and is simple to use? Geeks have time to screw around, most other people don't; time is money.
In the end what bring profit down for Dell, HP, and Gateway is that they are willing to sell you anything, including unprofitable budget boxes and ugly consumer electronics, because thats all they know how to do. - Jrr6415sun, on 10/10/2007, -0/+7after hours trading it was at over 150, right now it's at $148. Your link doesn't show the price after 4pm, they announced the numbers at like 5:30 or so.
- ScrumFritter, on 10/10/2007, -0/+6Man, I wish this time last year I had invested in Apple stock... I was so close to doing it as well but decided against it... and it tripled!
- Vanadium, on 10/10/2007, -5/+11270,000 iPhones sold in first two days according to: http://www.forbes.com/feeds/ap/2007/07/25/ap3952789.html
- KittySpark1es, on 10/10/2007, -0/+6I'm very glad that I bought the stock at $44.26. I had no idea it would triple in price though. I can only imagine iphone sales are going to increase as they update the software and bring out a 3G version.
- Morky, on 10/10/2007, -2/+8I bought at $61. BAM!! Now what, *****?
- DouglasScott, on 10/10/2007, -0/+5You should have bought @ $13. The stock has split at least twice since then, so each stock bought back then is now worth around $600.
- iplayyouandme, on 10/10/2007, -0/+5Stupid Windows fanboys that pay too much for Microsoft's poorly design crap. Zune anyone? Oh wait, I mean defective crap. Xbox anyone?
- DigDugDigger, on 10/10/2007, -0/+5I'm still waiting for the stock split, Apple usually doesn't like their shares going over $100.
- cyberdork, on 10/10/2007, -0/+5FYI, after the numbers were releases the stock fell from $137 down to $133 and then went up all the way to $151. Tomorrow will be somewhere in the $140s, there is no reason for the stock to fall below todays close, since most traders don't trade after hours and still have to react on the numbers.
- cyberdork, on 10/10/2007, -0/+510% up over todays close 12% over yesterdays close.
But you are right, AAPL was down yesterday on the AT&T iPhone numbers. - astrosmash, on 10/10/2007, -1/+6I told my parents to buy Apple back in 1999/2000, when it was $4 per share (pre-split), because I thought OS X had great potential.
They didn't listen to me, but they sure listen to me now...
And remember those people who criticized Apple for delaying Leopard to focus on iPhone, predicting that Mac sales would plummet and the stock price would take a huge hit? Those people are dumb. - tdowling, on 10/10/2007, -0/+5actually due to lower-than-expected iPhone activations. Today was the sales announcement.
- meatmcguffin, on 10/10/2007, -0/+4You're kidding right? Assume for a second that 10% of desktop computers are used for businesses / severs / classrooms etc (and that's a very conservative estimate) which leaves 90% of the market. If Apple own 5% of a 90% market that means that one in 18 people who own a computer own a mac.
And bearing in mind a mac can only be made by Apple, Apple own *all* of that 5% the other 85% is shared out among the various manufacturers. They aren't failing by any definition. - iplayyouandme, on 10/10/2007, -3/+7Corrected:
Its funny to think that Apple will soon surpass INTEL and IBM in market value (number-of-shares x share-value. Not too much of a surprise being that Apple is the 3rd largest music retailer after Walmart & Best Buy, has grown to half as many stores as Best Buy, 4th largest PC vendor in the US, and the undisputed king of MP3 players.
With 270,000 iPhones sold in 30 hours Apple will easily make its goal of 1 million iPhones (smart phones) buy the end of the year; yes that was Apple's projection before the analysts stepped in with all of there magical numbers that had no basis in reality.
Then enters the DRAGON the iPhone Nano ( iPod Nano + basic phone )!
Yes, you could get a "free" phone and buy an iPod Nano but "free" phones are bricks. Apple will add $50 to the price of the Nano and you get a slim phone and iPod Nano in one device. - extraspecial, on 10/10/2007, -0/+4About the most logical thing I've read on digg today. Why would Apple want to lower their gross margin by competing in the cut-throat low-margin space, unless they could bring something innovative to the table (which is unlikely, since that price point just won't pay for innovation). Snipe off the customers who buy higher-margin products, and it forces the others to rethink their strategy. If it forces their competitors to start raising margins in the lower-end to make up for their mid- to high-end losses, then Apple can start to compete in that lower space without hurting their financials.
- caretrain, on 10/10/2007, -1/+5Apple predicted 500K?
- johnpaul191, on 10/10/2007, -0/+4that's not a big deal. same way they don't give you a breakdown on iPod models. Steve Jobs has made reference to AppleTV being a hobby or something that will hopefully blow up down the road. the AppleTV is basically a slimmed down Mac Mini. if Apple likes it existing, there is no reason for them to kill it. they can't possibly spend too much R&D on it.
- johnpaul191, on 10/10/2007, -0/+4wrong! AAPL will drop because people sell it to take short-term profits. ever heard the term "day trader"? every time Apple has good quarterly news, AAPL dips the next day. this has been the case for years. i expect other high profile companies have the same situation.
AAPL has been steadily going up the last few years, that's what matters for people that intend to keep it more than a few weeks.
Steve Jobs said "We're thrilled to report the highest June quarter revenue and profit in Apple's history, along with the highest quarterly Mac sales ever". that's good news for the company.
270,000 iPhones in the 1st 30 hours. yes, far from the 700,000 some people guessed, but Apple still expects to sell 1,000,000 by the end of the current quarter. that doesn't sound like they see a major drop coming. has *any* smart phone, or even cell phone done that? if one has, nobody has produced those sales figures. the iPhone is far from a failure. - norman619, on 10/10/2007, -2/+6NO! NOT WHILE YOU STILL DRAW BREATH!!!!
- skoops, on 10/10/2007, -1/+5digg/my browser/something posted my comment twice and I had no edit-button - so sorry for that
- mobilehavoc, on 10/10/2007, -1/+5I'm definitely late to the party but at least I got in at $135 yesterday...going to hold for a year or until it doubles, which at this rate, there's a damm good chance of it happening.
- Tyr7BE, on 10/10/2007, -5/+9Explain how.
Google did what they did by basically creating a market and dominating it. Apple is doing what everyone else is doing, either really well or (and here's the part of my comment that will get me dugg down) really poorly depending on who you ask, and how much thought they put into their answer.
iPod has been Apple's only major success to date. With < 5% of the computer market, an AppleTV appliance that fell flat on its ass within a day of being revealed, a ridiculously expensive iPhone that costs more, does less, and is more difficult to use than my $250 Blackberry Pearl (just try typing a message on the goddamn virtual keyboard...words come out as "aodfisdt" more than half the time), and a failing PC division, no Apple will not be the next Google.
Don't get me wrong, Apple's a decent company. I'm quite satisfied with my iBook. Never loved my iPod, and was sort of relieved when it spontaneously stopped functioning after a year. They make some ok products, and they make some lemons. But to say they're going to take over the world based on....on what exactly?....is a bit naive. - kelly, on 10/10/2007, -1/+4No, apple's iphone sales are right on target. They sold 270,000 iPhones in 2 days.... the 2 days before the financial quarter ended.
They've since sold far FAR more than that.... unless people suddenly stopped buying any of them after those two days. - iamlutheran, on 10/10/2007, -0/+3Very impressive IMO! Apple is really going strong now - I want the stock to split.
- meatmcguffin, on 10/10/2007, -0/+3Read the post above yours and think about what you just did.
- iplayyouandme, on 10/10/2007, -1/+4Actually I messed that up. Apple's goal is 1 million by the end of the September quarter, which is roughly 3 months. Which roughly matches the Zune, except for the fact that the Zune is an MP3 player and that market is a lot bigger than the "smart phone" market. Not much point in comparing the two.
Besides Microsoft considers "sold" has in still sitting on the shelf at Costco, which is where 90% of them are being "social". - tdowling, on 10/10/2007, -1/+4the stock skyrocketed because their overall profits were way up for the quarter....the iPhone had a relatively miniscule effect on that, considering the quarter ended only two days into its existance.
- inkhead, on 10/10/2007, -2/+5It should also be noted that Apple is worth more than Dell. Strange since most of the computers you see in the workforce are Dell. However here in the valley, everybody, even hardcore Windows companies are switching to Macs especially the laptops since you can now have the Mac OS X & Windows for about the same price as a high-end dell, not to mention the sexy design of the MacBook.
I really am shocked at the number of huge companies in the valley that are now buying MacBook Pros for their workforce. Hopefully this will catch on with middle america.
(muhaha especially since I've have over 10,000 shares of Apple which I started getting back when they were $14) - cyberdork, on 10/10/2007, -2/+5Wow, was it hard to say something positive about Apple? Because for the past two years you are telling Apple is doomed after every single earnings report. Although since you joined digg Apple's profits are up by 155%, their revenue by 54%, Mac sales by 40% and iPod sales by 66%.
Yes, maybe we all should have followed your recommendation back then and should have abandoned all our Apple stock when it was still at $40. - craig4, on 10/10/2007, -0/+3wow your an idiot...
did you even read the article before you started your rant about the iPhone not making its mark. apple does sell things besides the iphone. - ShrikePriest, on 10/10/2007, -1/+4Actually, I think there's some value in this even as a regular Apple-user. Higher profits = more money for R&D and new products, and in the end, a higher volume of sales could lead to lower margins. It's of minor importance, sure, but it's nice to see that Apple is doing well, and shows no signs of slowing down.
- cfulp, on 10/10/2007, -0/+2dajuggernaut stop with the fanboism. Apple tv is not relevant to zune. I love my mac stuff as much as the next fanboy, but anyone will tell you that apple tv is lacking many features that would make it useful. I'm not ruling it out just yet. Perhaps the next apple tv will be better, but the first iteration didn't have much of a draw. You didn't need to bring zune into this, nobody was talking about microsoft.
- Quix, on 10/10/2007, -1/+3zybch, don't you ever tire of your pitiful troll antics? Seriously, get a life.
zybch's increasingly sour grapes = Apple's increasing success. - DouglasScott, on 10/10/2007, -0/+2their
- baaaan, on 10/10/2007, -1/+3Yes, he missed it, because he's a retard who wanted to use the term "brokerage account" to pretend like he was some kind of big kahuna.
- johnpaul191, on 10/10/2007, -0/+2well, Apple has traditionally split the stock 2:1 before it hits $200/share. offhand it's happened twice in the last seven years.
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