thestreet.com — "Don't buy Apple's (AAPL:Nasdaq - news - commentary - research - analysis) stock. And if you own it, sell it. I know the company has a core following that is loyal, even cultlike, but the broader base of believers has been steadily eroding for years."
Nov 26, 2005 View in Crawl 4
berkanaNov 26, 2005
Quoted from the article: "It's desperation time in Cupertino, Calif., as Apple is going into the retail store business to ensure that its products receive enough attention. This move is fraught with problems, however, because the reason that Apple products are not getting the retailers' attention is because they are not selling well. If Apple machines were moving fast off the shelves, retailers would be happy to provide the shelf space.And the move into retail takes Apple into an area where it has demonstrated no competence."What a moron. Apple products sell well through Apple stores because they're presented with style by people who are not going to simply point you to the cheapest PC. Apple products don't sell well at other places because the other places don't put their weight behind selling Macs, and the poor sales lead them to invest less in promoting the mac. All else being equal, the Mac won't sell well because of face-value price issues. (Though over the years, the money I've spent on my Mac is much less than the upgrade and maintenance gravy train nightmare my PC using friends have had to put up with.) But not all else is equal. If Apple were so incompetent at retail, why is it that the Apple store is so successfull?Here's a google map of all the apple stores: (click and zoom in to see just how many there are.)<a class="user" href="http://www.freemacblog.com/applestores/">http://www.freemacblog.com/applestores/</a>If he concludes that Apple is incompetent at retail, I must conclude that this guy is incompetent as an analysis. Apple has proven much more competent at retail than I expected; I thought the Apple retail store was a terrible idea when I first heard about it, but I stand corrected.
chompyNov 26, 2005
Analysts are hacks, hindsight is 20/20, news at 11.
aaargNov 26, 2005
"Nice to think about that, but no. Unfortunately, most of the world (or at least the US) is living under a rock when it comes to technology. It sounds pessimistic, but it's true. I asked my friend why he wouldn't consider getting a Mac, and he said that they didn't have internet or email."that just means your friend is stupid not that "the US lives under a rock when it comes to technology." maybe you should find smarter friends
johnnysoftwareNov 26, 2005
Time has proven this man about as wrong as he could be.
thorNov 26, 2005
This being an article from Oct 25, 2001 you have to look at the market at the time. Apples stock price had dropped from a high of around $35 dollars to about $8. However, the old idiom buy low and sell high still applies although it took apple another year and a half to turn around. See this chart.<a class="user" href="http://tools.thestreet.com/tsc/quotes.html?osymb=AAPL&pg=intchart&timer=&mode=&symb=AAPL&sid=609&time=10yr&freq=1wk&type=64&uf=0&image1.x=20&image1.y=5&comp=&lf=1&compidx=aaaaa%7E0&ma=0&maval=60">http://tools.thestreet.com/tsc/quotes.html?osymb=AAPL&pg=intchart&timer=&mode=&symb=AAPL&sid=609&time=10yr&freq=1wk&type=64&uf=0&image1.x=20&image1.y=5&comp=&lf=1&compidx=aaaaa%7E0&ma=0&maval=60</a>