Wow, talk about completed misguided. He's making the mistake of conflating a company as stagnating based solely on the fact that the stock is still trading in the same ranges as it was 6 months ago.
First off, I don't see how you can call a company stagnant that reported a record profit in Q2 with 95% growth year over year, including a 113% unit growth in it's primary product.
Secondly, he ignores a number of factors that have influenced Apple's stock price independently of company fundamentals like the rebalancing of the Nasdaq and the current weekly option plays that are collaring Apple.
Not to mention he ignores everything that has been hammering stocks in general, given economic and political uncertainty in much of the world.
So outside of actual financials, other things also struck me wrong in his post. If iPads are for geeks only, then there must be a hell of a lot of geeks in corporate America, because I am seeing these things adopted everywhere for all sorts of uses. Also, his supposition that "Software doesn’t move product" is probably the most ridiculous. Apple's whole proposition from the original Mac onwards was the software. It was the software that made the original Mac popular. It made MacBooks popular. It made the iPhone and iPod popular.
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Wow, talk about completed misguided. He's making the mistake of conflating a company as stagnating based solely on the fact that the stock is still trading in the same ranges as it was 6 months ago.
First off, I don't see how you can call a company stagnant that reported a record profit in Q2 with 95% growth year over year, including a 113% unit growth in it's primary product.
Secondly, he ignores a number of factors that have influenced Apple's stock price independently of company fundamentals like the rebalancing of the Nasdaq and the current weekly option plays that are collaring Apple.
Not to mention he ignores everything that has been hammering stocks in general, given economic and political uncertainty in much of the world.
So outside of actual financials, other things also struck me wrong in his post. If iPads are for geeks only, then there must be a hell of a lot of geeks in corporate America, because I am seeing these things adopted everywhere for all sorts of uses. Also, his supposition that "Software doesn’t move product" is probably the most ridiculous. Apple's whole proposition from the original Mac onwards was the software. It was the software that made the original Mac popular. It made MacBooks popular. It made the iPhone and iPod popular.