Apple is “in the best position to take advantage of the mobile Web. Still in its infancy, Apple already dominates the 3G wireless spectrum. AT&T’s brand has suffered because of the stress this one product puts on its entire system. My favorite piece of anecdotal data was the Google report from February that said Apple’s iPhone produced 50 times more search requests than any other mobile handset,” Jason Schwarz writes for SeekingAlpha. “Google initially thought they had made a mistake in tabulating their data so they made their engineers check the logs again and found that yes, iPhone use was surging. Since February, the trend has continued. In its September mobile metrics report, AdMob discovered that the iPhone OS increased its global market share up 7% to 40% while Nokia dropped 9% down to 34%. Mobile Web browsing will continue to grow and grow.”
“in the future, Apple will excel as they build innovative products to take advantage of mobile apps. Because of the closed software/hardware Apple ecosystem, this company is better positioned for growth than any company in the history of technology. 100,000 apps available through the App Store makes it difficult for competitors to outdo the iPhone,” Schwarz writes. “Tech has become so complex that consumers now demand a user experience that is intuitively simple. Google’s Android will try to emulate the Microsoft ‘open’ success of the past but that clearly was a different era. We no longer tolerate the bugs that come from mixing software with multiple hardware manufacturers. The mobile era is all about convenience and Apple delivers.”
Schwarz writes, “Apple sold 78% more iPhones in FY09 over FY08. iPhone units are tracking a similar path as the early years of the iPod. Could the iPhone one day grow to 70% of the smart phone market? If they did then we would need to raise our price target to $5000 instead of $500. The point is, there is much upside to the current 2.5% global market share [of all handsets; Apple grabbed 18% share of the worldwide smartphone market in Q309] and this will be a primary stock driver for the next two years. You might want to be in on this one. The Apple Revolution is coming.”
Full article, from someone who gets it, here.
[Thanks to MacDailyNews Reader “GetMeOnTop” for the heads up.]