Jim Cramer: Apple’s quarter showed how poorly the also-rans are faring

“SanDisk has an iPod killer. No, Microsoft does! No, Motorola’s got one! How about some new Chinese-Korean thing where they give the music away? How many times in the past year have you heard this nonsense? How much money has it kept you from making in Apple ? Last night’s quarter should put all the doubters to rest,” Jim Cramer writes for TheStreet.com.

Cramer writes, “There’s only one iPod, one iTunes and soon one iFilm and one iPhone. This gadget owns the market. No one can touch it. But it is such a huge market that others have to try to stop it. They have to. Any company that wants to make money with a handheld anything has to stop it. So they keep trying. This quarter, however, showed how poorly the also-rans are faring.”

Full article (subscription required) here.
Gotta love Cramer.

Related articles:
Apple profit rises 27%, Mac up 30%, iPod up 35%; stock jumps – October 19, 2006
IDC: Apple Mac attained 5.8% of U.S. market share in Q3 06 – October 18, 2006
Gartner: Apple Mac grabbed 6.1% of U.S. market share in Q3 06 – October 18, 2006
Apple Financial Results Conference Call Q4-2006 Live Notes – October 18, 2006
Apple shares rocket 6.5% in after-hours trading on stellar earnings report – October 18, 2006
Apple Q4 earnings results: $546M net profit on $4.84B revenue, sold 1.61M Macs, 8.729M iPods – October 18, 2006

17 Comments

  1. If Apple’s quality, service, and customer service continues to drop from excellent to something less and less and less, Cramer will soon sound the ‘sell’ gong and long for the better days when Apple cared about excellence instead of the impossible task of gaining anything above tiny, single digit market shares.

    Vista will, regardless of its legion of problems, ruin all the Apple hype and, hopefully, drive Steve back to focusing on being not only better than the others, but as good as Apple can be.

  2. While Cramer is right, the real reason AAPL is soaring is because Mac sales have greatly exceeded Wall Street’s inaccurate projections. Apple’s marketshare is now at 6.1% and rising. And this is just the beginning. It’s a great time to own AAPL.

  3. Peterson says, “Vista will, regardless of its legion of problems, ruin all the Apple hype …..”

    Hmmmmm, “Hype”. So, are Apple products just hype or are they good quality? Is Apple sales hype or actual sales?

    Will Vista sell? Yep, sure it will sell, and the “HYPE” that will flow from those sales, no matter how few, will be pushed down our throats. For a while.

    Maybe its just me, but I think as the viruses start coming out for Vista and spyware, and crashes, people will start to say, All new Vista, and its still just Windows XP with more problems. Hmmmm, maybe an Apple this time????

    Just my thoughts.

    N.

  4. Jeff:

    Why should Apple buy Dell? Then it would be Apple’s money that will be given back to the stockholders.

    Better to just let it whither and die. If Dell has any assets worth buying, get them cheap at their going-out-of-business sale.

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