Apple market value closes in on Microsoft as Jobs vows ‘extraordinary’ new products

Apple Online Store“Apple Inc. rose to a record in Nasdaq trading after profit almost doubled last quarter and Chief Executive Officer Steve Jobs tantalized investors with the promise of ‘extraordinary’ new products,” Connie “The Vulture” Guglielmo reports for Bloomberg.

“The doubling of the stock in the past year already has made Apple the third-most valuable company in the U.S. and today’s gains bring it closer to the No. 2, rival Microsoft Corp.,” Guglielmo reports. “Apple jumped as much as 6.3 percent on the Nasdaq Stock Market.”

“Sales this quarter will be as high as $13.4 billion, Apple said yesterday, topping the $13 billion anticipated by analysts. The forecast came after a 90 percent surge in second-quarter profit on demand for the iPhone and Macintosh personal computer. Jobs said the results added up to the best non-holiday quarter in Apple’s history,” Guglielmo reports. “‘It’s a huge beat, this is a tremendous beat,’ said Bill Kreher, an analyst with Edward Jones & Co. in St. Louis. He advises investors to buy the shares, which he doesn’t own. ‘Apple is demonstrating they are clearly king of the mountain in technology land.'”

MacDailyNews Take: For as long as they’ve been in existence, Apple’s been “king of the mountain in technology land.”

Guglielmo continues “More new devices are on the way, said Jobs, 55. ‘We have several more extraordinary products in the pipeline for this year,’ he said in a statement.”

Full article here.

33 Comments

  1. I think a camera on an iPad will be hard to implement with Apple’s attention to usability. Sure, the copy-cats will go for the spec sheet bullet and have a camera on it (maybe even two). That’s the only way they have to compete with Apple. But think about it…

    On an iPhone, it’s obvious that the camera should point straight forward (or straight back if the new one has a second camera). That’s how you hold the device when using the camera(s). On a Mac (iMac or MacBook), the iSight camera probably points slightly down from perpendicular to the screen, but again, the common usage is more or less fixed.

    On an iPad, what is the best way to point the camera? If it points away from the user, do you really want it to point straight away (90º from screen angle). You’d look a bit strange holding up an iPad to shoot a photo or video, and it is heavy enough to get tiring if it’s a long video. Wouldn’t it be better if you had the option of looking 45º down on the iPad while shooting forward (or shooting around the corner or even holding the iPad above your head to shoot over a crowd), like you can angle the LCD on most camcorders. For the “front-facing” camera, how should it be pointed? The location of your face relative to the angle of the screen depends on how you are using the iPad. Again, Apple’s competitor will just make it point straight-back, just to add it to the specs sheet, but Apple will not.

    For these reasons, I think the best camera for an iPad will be an accessory that mounts flush (as possible) to the Dock Connector, and has the camera that swivels. It can be made to point forward or back, at any angle. When not needed, it can be removed so that it does not get in the way or “break off.” And it would only required one highest quality camera that does not take up space inside the iPad, because it can point either forward or back (in any direction relative to the iPad’s screen).

  2. I love my apple and I doublt I will go back to windows. But it is not religion! This drives me nuts…

    For as long as they’ve been in existence, Apple’s been “king of the mountain in technology land.”

    Mac os 9 never made use of an MMU. I don’t even know if you can call an OS an OS if it doesn’t use an MMU. Do don’t say that Apple has always been king when mac os 9 sucked … really sucked!

    I guarantee you the first thought in Steves head when returning to apple is Mac OS 9 is a piece of sh(&.

  3. @Rodger

    Sorry, OS 9 had at most 60 viruses and worked very well. Did it have true multitasking? No, but it sure worked better than Windows and all it’s crap that you had to deal with.

  4. No it didn’t have multi-tasking. No it didn’t have memory protection. No it didn,t have virtual memory. A single bug in poorly written software could take down the whole system. And it had memory fragmentation issues associated with the lacking MMU. Mean while unix systems often used two MMUs one for software and one for add in cards. Thus poor software or poor firmware could corrupt main memory. Also there was no need for scatter gather lists. This year for the first time we are seeing pc’s use an io mmu.

  5. Steve Jobs is a wonderful example of why there should be second chances but, QUOTE: MacDailyNews Take: For as long as they’ve been in existence, Apple’s been “king of the mountain in technology land.”END QUOTE !?!??

    The lowly Commodore pretty much dethroned Apple in the 80’s. By the time that period ended, Apple lost (and has yet to regain) it’s dominance in education/classrooms, lost the gamer’s loyalty and market, came surprisingly close to bankruptcy, and dismissed Steve Jobs. Happily for Steve and many consumers, Steve was resurrected and Apple followed suit. And now Apple claims almost 10% of in-place computers.

    Commodore went on to oblivion forced by MS-based PC’s. Both Apple’s and Commodore’s failure can be attributed, among other things, to their closed systems. Food for thought for Apple’s current reign…

  6. jmgiv,

    nice insight! I couldn’t agree more. I actually think apple could double their market presents if they let others use mac OS.

    Maybe not in the MS windows way. Maybe they tell Sony/Dell what hardware congifuration they must use. Maybe they tell Sony/Dell they must pay for testing in Apple labs. I don’t know. I just think opening up a little would be a very good thing!

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