“Investor enthusiasm over Apple Inc. may have reached one of its most fervent levels Monday as Apple shares rose more than 3% over excitement about improvements to the iPhone – which is still nearly two weeks away from being released,” Rex Crum reports for MarketWatch.
“Apple shares climbed $3.72 to $124.22 after the company said it has made improvements in the iPhone’s battery life,” Crum reports.
“In a statement Monday, Apple said improvements to the iPhone’s battery will give the device up to eight hours of talk time with six hours of Internet use and seven hours of video playback. Playback of songs can reach 24 hours, according to the company,” Crum reports. “Previously, Apple said the iPhone would be capable of five hours of each of talk time, Internet use or video playback, and 16 hours of audio playback time. Additionally, the company said the iPhone’s touch-screen would be made of glass instead of plastic in order to ensure better screen clarity and scratch resistance.”
“Analysts that follow Apple say the hype over something seemingly innoucuous as a product’s battery life shows how rationality can be thrown out the window when Apple is involved,” Crum reports.
Full article here.
Those who think the iPhone is over-hyped are in for quite a shock. If anything, most estimates we see bandied about by analysts are ridiculously low. It ain’t “hype” if you can back it up as Apple is about to demonstrate.
Makes me feel better about my shares.. Now if only the iPhone synced via exchange server or at least .Mac…
People are so focused on the short term iPhone release this month that they aren’t even seeing the bigger picture – ALL the AAPL lines of business are growing briskly with the exception of the iPod which hasn’t seen a refresh in quite a while.
With the iPhone out of the way and Leopard boosting PC sales in October, AAPL will be able to focus on iPod and AppleTV enhancements which are both sorely needed.
The “real” AppleTV will be a similar device with Blu-Ray drive and ability to check email/surf web from the sofa.
Battery life is important in a cellphone/internet device. It didn’t do the UMPC any good when it had lousy battery life, making it less than useful. Who cares what the thing can do, if it can’t do it, meaningful amount of time.
I have about 750,000 in aapl stock. I expect to make an even greater killing than I have already.
Apple always under promises and over delivers.
http://www.MittensRomney.com/
Hmmmm. X claims to have 750,000 shars of AAPL stock. At the current stock price of $124.57, his investment is worth $93,427,500. Impressive, if true. However, I suspect shenanigans! People with that kind of money don’t go bragging about it.
I have 88 shares of appl stock. All the chicks think I am cool!
@X
Bastardo. I’m jealous.
I’ve seen a 63.25% return on investment on two AAPL stock purchases made last November and in early May this year. I need the stock to hit $153 to see a 100% gain. I fully expect the iPhone rollout to provide that push and much more. I had previously thought it would take until end-of-year to hit that mark; now I think end-of-summer, maybe sooner.
But in terms of investment size, you’ve got me by an order of magnitude plus.
@montex
He doesn’t say which it is, but I suspect it’s 750,000 dollars, not 750,000 shares
$125.09!!! WOOT!!!
-c
MW: ‘last’ (call)
What I find amazing is that this is all based on what we have been told and a few vids and the odd review based on 10 minutes with a prototype.
If you believe the iPhone is going to be truly magical like I do, when the real world reports arrive the stock will take-off big-time.
The impact on Mac is also going to be huge.
“Analysts that follow Apple say the hype over something seemingly innoucuous as a product’s battery life shows how rationality can be thrown out the window when Apple is involved,” Crum reports.
Please, rationality is commonly thrown out the window with most ANY involvement in the Stock Market – least by the unwashed masses. And that has nothing to do with Apple.
I present as evidence – October 1929, the Dot-Com Bust, and the value of Microsoft.
The vast majority of investors – not only Mom and Pop, but those IN the Business – are clueless about what is what and where things are going. We see this here everyday at MDN as we all laugh at the idiotic comments from the so-called ‘experts’.
Some ‘expert’ will gain a little traction, and ride that horse for all it’s worth for as far as it can go. Well, the problem lies in the fact that the traction they gained was from the other cluele$$ $oul$ who banded together thinking they were on to $omething.
In the way back days of reality, folks would invest in the Stock Market with Companies they liked, trusted, and wanted to support their growth. Yes, a profit was expected, but the value behind that profit was more than just money.
Let’s all rejoice, Brothers and Sisters, now that Apple is finally receiving its due credit.
But don’t forget – we’re not in it for the money.
We’re out to Change the World into a Better Place.
And if we can make some monetary profit along the way, so much the better.
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Thank You
BC Kelly
Tallahassee Fla
BC Kelly,
nice post!
Bothers, and Sisters, unite.
It’s the time of your lives,
It’s the time of your lives,
break down, break down.
Gotta spead love around.
Gotta spread it all round…
Oh, I’m in it for the money.
If the analysts actually knew what they are talking about they would all be billionaires. They are just people who like to talk like they know something.
What is it that makes some people think they are clever to repeat lyrics of a song or poem which don’t even have anything to do with anything?
What’s wrong Coldplay… gotta song stuck in your head? Thinkin’ maybe pounding it out on the keyboard will help to release it?
So happy that we are better than the rest of the world when it comes to music on mobile phones?
I look forward to hearing one of your platnum albums. ;P