“A larger iPhone, a smaller iPad, a thinner Mac and a taller iPod are what count for innovation at Apple these days,” David Goldman writes CNNMoney. “The slate of rumors about upcoming Apple (AAPL, Fortune 500) products is similarly uninspiring. An even bigger or cheaper iPhone? Meh. A watch? Yawn.”
“Some Apple followers have begun worrying that the company has lost the secret formula that made it so successful during the Steve Jobs era,” Goldman writes.
MacDailyNews Take: Strike “followers” and replace with “fomenters.” You’d think a hack tasked with churning out hit-whoring filler for CNNMoney would grasp that, at least.
Goldman writes, “‘I’m not buying the ‘Apple isn’t innovating because it hasn’t done a category-buster in three years’ story,’ said Carl Howe, analyst at Yankee Group. ‘It’s a bit like saying Toyota is doomed because Toyota’s latest category-buster, the Prius, is 11 years old.'”
MacDailyNews Take: Leave it to the always-reliable Carl, still one of the best Apple analysts, to knock a little sense into the proceedings.
Goldman writes, “Apple has become a victim of its own success. It’s under tremendous pressure by investors and Wall Street analysts to outperform its rivals and top itself quarter after quarter. Yet Apple’s multi-year run as the world’s most valuable company — while maintaining startup-like growth — was bound to end eventually.”
MacDailyNews Take: Check the market values, Davey. Apple is the world’s most valuable company after a brief bobble on their one-year – not multi-year – anniversary of displacing Exxon Mobil (XOM), which Apple’s value currently exceeds by some $30 billion dollars or, in other words, a Dell and two AMDs.
Goldman writes, “Apple’s stock has fallen by a third over the past five months.”
MacDailyNews Take: Thanks to market manipulators and their willing/ignorant puppets, like you, David.
Full scribble, with which you don’t need to bother as there’s nothing of value since we’ve already excerpted Carl’s quote, here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
I don’t get these analysts. What has Google innovated? Or Samsung? Or other darlings in the media. Apple has created true blockbusters in the iPod, iPhone and iPod over a decades time. What have the others done except copy Apple? People should be asking what have those other companies done except copy Apple. And if Apple is truly done innovating those other companies are even more screwed than Apple because they are the copy-cats!
hit the nail on the head zoolander but people don’t like to hear the truth
They haven’t invented time travel. They haven’t taken the next logical and expected step and invented faster than light travel.
It’s obvious they have lost their mojo.
The stupid will always be with us. I just wish they didn’t have to mouth off about it so much.
David Goldman in year 2000: “The slate of rumors about upcoming Apple (AAPL, Fortune 500) products is similarly uninspiring. Another Mac? Meh. A a music player? Yawn. A cell phone? Fat chance. A Tablet? Who wants one?”
Apple’s history indicates it is the norm for major products to be spaced out by several years. Think iPod, then iPhone, then iPad. We are looking at 3 to 5 years between major new product families being introduced. In between, there is a ton of iteration. How many types of iPods have there been? So, Apple is right on schedule at present. And with the stock cratering recently to a p/e of 10 you have a company with good growth potential, excellent balance sheet, and strong management selling really cheap. When you look back at all the other great growth companies that reached maturation, at their peak, they were selling at 30 to 50 times earnings. Apple’s growth is slowing while it is selling at a discount p/e. But that growth still has the potential to expand at double digit rates while the dividend is likely to be moved up smartly. It looks like a very good intermediate term investment to me.
I think the author lacks understanding of Apple. Apple is not looking for the next billion-dollar product, that is not what motivates them, that is not what Apple is about.
Why would anyone want to copy a company whose stock continues to fall as one of its most hated competitors, Google, and the overall market sets new highs?
Are you a little frustrated MDN? Your “takes” would seem to say you are.
Go stroke your one inch rod in your patents’ basement. You are an irritant low life.
And while you are at it Gi read about the Tulip craze in Netherlands in the 1630s to understand the irrationality of the Markets. Just because a company has a high share value means nothing. For another example look at cisco’s market cap in the early 2000s when the company was worth $500 billion and was losing money. Joke!
Is this Laura’s husband trying to do a Laura? Why haven’t you iCaled him MDN as you did his wife?
Gosh, if it’s such a poorly written article why did MDN republish it? Hits! It’s all about those hits.
@ Zoo — my thoughts exactly. Who else innovates?!!
@PP – you just like to stir the pot, don’t you? Ha ha. You’re probably secretly buying AAPL now even as you bad-mouth it to the rest of us!
If Apple wanted to surge the iPhone and iPad sales, they would make a version of them without the video and picture taking ability. Many companies and government groups will not let any video recording devices into the building. An iPad and iPad mini for schools without video would also be a big seller.
The Prius is 11 years old!?! OMG, Toyota should buy Segway!!!
/s 😉