RBC’s wireless analyst this morning Mike Abramsky and team “met with top execs at Apple and came away smitten,” Jim Goldman reports for CNBC. “And for good reason: it seems Wall Street is coming around to the fundamentals that many of us have been preaching.”
Following the meeting, Abramsky wrote in a note to clients, “‘The discussions reaffirmed our Outperform thesis: iPhone Channel Leverage Remains High. Despite intensifying competition (Android, RIM, etc.) Apple continues to enjoy strong global carrier interest in iPhone…’ He adds that iPhone’s secret weapons include: ‘Vertical integration (hardware/software) and iTunes ecosystem remain a significant competitive advantage over contenders, with evolving innovations pending, applications leadership and content ecosystem,'” Goldman reports.
As for Android, ‘”‘Multiple configurations’ is viewed as a disadvantage to application developers, vs. Apple’s single-platform model,’ he writes. Apple’s App Store continues to be the key differentiator with 90,000 titles versus the Android’s 12,000… [plus] Apple has something none of the other smart phone makers do, namely everything else: Macs, iPods, an OS for computers and phones, a robust retailing strategy, iTunes, the App Store, the intangible of market mojo, and the executive talent to pull it off,” Goldman reports.
Goldman reports, “On the operating system side, Abramsky says, ‘Windows 7? Bring It.’ The upgrade cycle is another opportunity to get consumers and enterprise customers in a shopping mode again, and if they’re gonna crack open the checkbook, why not spend the cash on a Mac?”
Much more in the full article, in which Goldman explains that “watching Apple [iPhone] at this stage is like watching ‘Sunday Night Football.’ It’s a total blow-out late in the fourth quarter and yet the commentators try to come up with scoring possibilities and formulas to make the game a little more interesting, to hold the viewer, even though everybody really knows the game is over and who won,” here.
MacDailyNews Note: In a nutshell: Bloodbath.