“There is an Apple story that I don’t want you to miss. It’s bigger than the Mac, it’s bigger than the iPod, and it’s bigger than the iPhone. Steve Jobs briefly mentioned it in the quarterly conference call and it deserves repeating, ‘We’ve never seen anything like this in our careers,'” Jason Schwarz writes for Seeking Alpha.
“Of course, I’m talking about the App Store. This store is causing a sea change in both the mobile phone industry and the gaming industry that threatens the viability of all competitors. There have already been approximately 250 million apps downloaded among the 6000 applications available,” Schwarz writes.
“Apple has brought the Internet to the next level. That level that everyone expected during the tech bubble has arrived. The efficiency of distribution is impossible for the traditional model to compete with. Consumers are eating this thing up. During a quarter in which consumers supposedly quit spending, Apple grew real revenue by 54.5% and grew net income by a staggering 81.2%. That kind of growth is absurd for a company as mature as Apple. That kind of growth is absurd during an economic collapse. But it happened. And it’s just beginning,” Schwarz writes.
“The competition is too late to the party. The snowball has begun. There will come a time when Apple stock will no longer be bogged down by its sector. I don’t know exactly when that day is but it’s coming. Investors ask, where can I make money? Apple offers the best answer in the market. During the last 13 months of this bear market Apple has proved itself again and again. It maintains record sales even in the worst of times,” Schwarz writes.
Full article – recommended – here.
[Attribution: MacSurfer.]
“There will come a time when Apple stock will no longer be bogged down by its sector.”
May we all live long enough to see this come to pass! But as long as Motorola, RIM, Microsoft, Dell, Palm, Gateway, et al., are grouped with Apple in one way or the other, AAPL will have lead in its shoes.
Got that straight.
It will happen.
Motorola, RIM, Microsoft, Dell, Palm, Gateway, et al. are languishing by the wayside as Apple glides past them. Their products have been shown, and are now generally realized to be, largely inferior to those proffered by Apple, Inc.
I just hope that I have my grubby fingers deep into that pie!!!!
The End of the first fiscal 2009 Quarter for AAPL could cause the FTL drive in the market to spin-up as long as Apple has a winning big quarter in face of the gloom and doom holiday shopping forecasts.
Only time will tell.
Got a slideshow and Apple is in it!
it’s a trap…!
Long live our favorite fruit company!
Yup. More good news to drive the stock down!
Somebody gets finally it.
Wall Street be more than two years behind now. There is hope.
The above should have read:
Wall Street CAN’T be more than two years behind now.
What a sham – you guys really eat this stuff up, huh? The app store isn’t some revolutionary thing, it’s another step in building out the entire ipod/iphone ecosystem. perhaps the last step, well maybe not (enhanced mobileme anyone? i would like to bring my MX record to mobile me and still use my email address) but an important step nonetheless. but don’t believe for a second this is the second coming of jesus, like this guys seems to think. the investment merit of Apple without the app store is totally intact. just remember that apple runs the app store like the itunes store – just above break even. it’s another attraction to sell ipod touches and iphones, that’s it.
No wonder MS is finally embracing the Cloud since the PC retail store will disappear for good. They need to get us on to the subscription model before all physical consumer sales dry up.
The only problem for MS is consumers will be left with only physical Apple stores and consumers buying computers on merit rather than physical location.
Macworld expo – apple will annouce all of it’s software catalog available via the app store – in fact – all of the software they sell will be sold via this mechanism.
It will be only a matter of time before they can offer the ability for all the other developers to do the same thing.
Secure, trusted, available, convenient, easy to use.
Sweet!
@Crazylegs
Tell that to the Sony PSP and the Nintendo DS!
They are taking a huge beating, and in only a couple months…six thousand apps in a few months…in two years the games to choose from will be enormous…especially after ID finally gets a good one out the door. Even my four year old loves the Touch.
All equipment and software manufactures tethered to the Microsoft platform are now experiencing the sinking weight of MS bloatware. This can mean nothing but dismal news for the lot of them.
Meanwhile, the Mac wave we saw building two years ago has arrived. Hopefully the stock market wakes up to this reality soon. Surfs up!
” width=”19″ height=”19″ alt=”smile” style=”border:0;” />
The end is near for all others.
I’ve said it before and I’ll say it again….
The brilliance of the App Store is in the ability for even small developers to compete on a level with big companies.
This ability will allow for true software innovation. In the past Adobe or Microsoft could get mega amounts of attention for even the smallest, crappiest software, while some small company with a great piece of software might not ever get noticed.
The time will be after the liberals are voted out of office if they don’t tax the US to death and cancel the military before then.
I’ve said it before and I’ll say it again:-
The ‘touch’ is going to outsell the iPhone.
(… and the ‘touch’ doesn’t even get a mention in this article.)
BIG MISTAKE!
Of course I’m pleased that they’re both doing very well, and the iPhone is going to be huge; but the ‘touch’ will be even hugerer (coined a new word).
Time will tell – and probably prove me right.
At last somebody that know a thing about mac and the economy around it….
As for AAPL: Don’t argue with the market!
finding the bottom of the bear market in which to invest in apple isn’t going to be easy. Every time I think I see it, Wall street surprises me again. Ugh!
I agree though… apple is a company worth investing in for the long term. They’re doing everything right quarter after quarter.
Needs more cowbell…