“Apple Inc. CEO Steve Jobs on Monday unveiled the iCloud, a music-streaming and online data storage service that can be accessed on devices from the iPad to the iPhone,” Poornima Gupta and Noel Randewich report for Reuters.
“A still thin-looking Jobs walked out to a standing ovation from the more than 5,000 Apple faithful at its Worldwide Developers’ Conference in downtown San Francisco’s Moscone Center, making opening comments for just a few minutes before ceding the stage to marketing chief Phil Schiller,” Gupta and Randewich report. “Jobs, whose decision to headline the event assuaged some concerns on Wall Street about his health, strode onstage after James Brown’s seminal soul classic ‘I Got You (I Feel Good)’ blasted over the sound system.”
Gupta and Randewich report, “Monday was only his second appearance in public on his company’s behalf since he went on medical leave in January. He shared the spotlight, letting his executive team showcase new features in Apple’s mobile and computer operating software, before returning to the stage to launch the iCloud. ‘It was good to see him appear despite being on medical leave,’ said Sterne Agee analyst Shaw Wu. ‘And at the same time, it looks like he is having his lieutenants handle most of the keynote, which is good in showing that Apple is a team and not a one-man show.'”
“Jobs’ decision to headline such events often is news in itself, and his appearance likely heartened investors worried about his health after the pancreatic cancer survivor went on his third medical leave in January for an undisclosed condition,” Gupta and Randewich report. “Apple’s share price fell 1.57 percent to close at $341.60 on the Nasdaq stock market. The stock traditionally gains before a major event — of which there are only a handful throughout the year — before dipping on the day itself.”
Read more in the full article here.
MacDailyNews Take: Good health, Mr. Jobs!
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The Nasdaq and S&P 500 both dropped 1.1% today. So Apple’s performance (1.57% drop) really isn’t that far from the overall downward trend for the day.
“The Nasdaq and S&P 500 both dropped 1.1% today. So Apple’s performance (1.57% drop) really isn’t that far from the overall downward trend for the day.”
There was a time AAPL was the last to pull back and was the first to lead a trend up. That hasn’t been true lately. Don’t confuse a great company with a great stock. There’s a time to buy and sell. The analysts are most often wrong about both. Buy on strength not hope.
I don’t think the casual investor realizes just what Apple announced today.
The revenue repercussions are enormous, as iCloud/Lion will generate tremendous hardware sales growth, and unparalleled customer loyalty.
I really don’t want to say this, but watching Steve at the beginning I got the sense this was his good-bye. Seemed a little choked up at the ovation and just looked tired – as though he was taking it in and silently saying farewell. Hope I’m wrong only best wishes to Steve and his health.
If it is his goodbye or close to it, Apple showed today that it is not a one man show. Today the question was answered of “what will Apple be like when Steve steps aside.”
While I don’t necessarily agree that it is his goodbye – I’m a real skeptical sort… and his response to the ovation seemed surprisingly honest and heartfelt. He’s a sick guy and not hiding it. Hopefully – he’s genuinely enjoying the success he has created and has let down a bit of that dictatorial drive that got Apple to where it is. I disagree with Jesus’ opinion below. Schiller is not the charismatic leader they need to continue – even if only on the WWDC stage.
I have no wish to harp on Jobs’ health, but the fact remains that his particular cancer has required heroic efforts to keep Jobs alive this long.
It is obvious that Jobs is not the man he once was PHYSICALLY. The strength in his voice is no longer there, and he appears to tire quickly. I believe he is dying.
Jobs’ current public appearances are meant to show him as ill and weakening, so that when the inevitable happens it won’t be a shock to the market.
Keynotes from here on out will be orchestrated to demonstrate the depth of Apple’s management TEAM, and diminish thoughts of the Company’s reliance on Jobs.
Apple is dismantling the Cult of Personality that surrounds Jobs.
Apple really nailed it with these major software evolutions and services. Incredibly valuable, the whole ecosystem. Nobody will be able to come close.
Is it just me, or is this a really slow news day? Least amount of articles on an opening day for WWDC ever.
I noticed it was a slow Mac news day also.
Article wise anyway.
But look at what happened today.. Lion, iOS 5 iCloud.
just watch the articles over the next week or so when all this digests with the media.
I predict, over the next week… a few Job loss articles. a “cleaning” up around some companies.
and boom goes the dynamite!!!
Steve tried to be pumped but his health certainly is an overriding concern …..
I wish Steve the best as he is the BEST!
Side Note: Today at the Apple Store in Naperville, IL …. It was packed around noon and we saw at least 3 iMacs leave in a ten minute period …..
No surprise there. The place is always crowded.
3 Macs in a 10 minute period? Must have been a slow day.
I wish Mr Jobs well, but he is beyond painfully thin. I’ll spare conjecture, but think his time at Apple is numbered.
If I were in his condition I would appoint a successor become Chairman and leave the daily grind. Steve Jobs has created an incredible legend and legacy and he should enjoy the fruits of his labor.
I agree with you on the condition of his health. It was obvious to me that watching him gestures, facial expressions etc, demonstrated how not only I’ll he is but how brave and courageous man he truly is. Yes Apple did well today, and will continue to do well whether or not he chooses to retire, but for some in a similar health situation the only thing that keeps them going is their drive to continue their work and live as normal a life possible given their grave circumstances. I cried today as did my brother,for him and his family. I saw pain in his face and fatigue through his enthusiasm. I saw humility. Whatever he’s achieved in the past was fabulous, what he achieved today simply walking out on stage was extraordinary. God bless him and his family.
Sorry for the typos.
I have re-watched Jobs’ March presentation just yesterday, and, unfortunately, his condition seem to worsen for now. Hopefully, he will recover as soon as possible, but I am really worried about actual director of the progress here.
I’m sorry, but having watched cancer ravage my brother, I can tell you that Steve is nearing the end of this journey. He is skin and bones, the ravages of disease are clearly evident.
It makes my heart heavy with sadness, the world may never know a visionary like him again. I keep thinking; what would it be like if he could live another 20-30 years. Imagine what he might accomplish…
Another great presentation by Steve Jobs and his team. Obviously well-rehearsed and executed like “performance art.” This one may be even more significant than the iPhone intro keynote in 2007. There could have been a two-hour presentation on any one of the three topics… Mac OS X Lion, iOS 5, and iCloud.
I’m looking forward to hearing more details about how the music portion of iCloud will work. My previously posted predictions came true (very scary). EVERY previous (as well as future) iTunes Store song purchase immediately available “from the cloud” at no additional expense or effort; they are already there. Songs in your music library that came from “other sources” matched to iTune Store catalog and made available for additional cost; no upload necessary. Songs that are not in iTunes Store catalog uploaded by iTunes for additional cost.
What WAS surprising was the simplicity of the annual flat rate for iTunes Match and the songs becoming available for download at 256k AAC with no DRM. Does this mean someone with a HUGE illegally downloaded music collection can sign up for one year at $24.99 and download all of the available (matching) iTunes catalog songs as high-quality “legal” files, then cancel after one year and keep the files forever? Amnesty for music thieves? How much did Apple pay the record labels to get them to agree (must have been a lot)?
What prevents someone from signing up for iTunes Match, downloading songs they want from a “questionable” (no cost) source, putting them into their iTunes library, and then using iTunes Match to get “legit” files from iTunes Store to replace the downloads?
“Does this mean someone with a HUGE illegally downloaded music collection can sign up for one year at $24.99 and download all of the available (matching) iTunes catalog songs as high-quality “legal” files,…. Amnesty for music thieves? How much did Apple pay the record labels to get them to agree (must have been a lot)?”
iTunes has 225 million accounts complete with credit cards. What if 35% of those sign up for the $25/year ‘Match’ program.
Apple keeps 30% and the labels receive $1.4 [b][i]BILLION[/b][/i] per year thereafter.
My question had more to do with someone signing up for one year to get legal versions of all illegally downloaded files for $25. After paying that $25, cancel after one year. Can they do this…?
I was not asking about the financial implications. Obviously, there is money to be made for Apple and the music labels in the “big picture,” although I think Apple will lose money on it for a few years (certainly for the first year with the initial lump sum “bride” payments to get the deals signed). But Apple will more than make up for it in increased hardware sales. After this announcement, why would anyone even remotely interested in music buy an Android phone or tablet?
And I doubt that over one-third of ALL currently registered iTunes customers will sign up for iTunes Match. A lot of those accounts are probably mostly inactive. Plus, the most loyal and active iTunes music customers will be least likely to need it. Once I have “matched” (and downloaded) all previously accumulated songs acquired from “other” sources (not iTunes Store), what is the incentive for continuing to pay $25 each year?
you may be right.
i don’t see anything about after the first year if they need the sub to keep access to the music or not..
Interesting point.
I will do the iTunes in the cloud, but have no need for the iTunes match.
I just fired up iTunes on the iPhone, had to find it… Yep, not one purchased song from iTunes. lol.
99% of my music is from the late 70’s to mid 90’s and i have all but a few of them on CD. and all ripped to MP3 and backed up on 2 DVD-RW’s. I’ll just keep doing it the old Cable way. once…
I think i may have added 5 songs to my library in the past year…
During the presentation, Steve Jobs said the iTunes Match songs are downloaded and they are “DRM free.” So to me, that means they are just like regular purchased songs. They are tagged with the purchaser’s iTunes Store ID, but no DRM causes them to not play or stop playing. But maybe there is some (not yet described) way to “encourage” the $25 subscription to be maintained.
(There is some fine print on Apple’s iCloud web page. The maximum number of songs for iTunes Match is 25,000. That is quite a lot, but may sufficiently prevent “abuse” of the system.)
It was interesting that the word “streaming” was not used during the presentation; at least I don’t remember hearing it. The iCloud iTunes makes your songs available online, but they are downloaded to each device, not streamed. So perhaps streaming is the feature (not yet announced) that will make iTunes Match more valuable as an ongoing subscription, for some people. Song files would not take up valuable space on multiple iOS devices… as incomplete subsets of the complete library, duplicated on each device. The free iCloud service would probably allow no-added-cost streaming of songs purchased from iTunes Store, but paying for iTunes Match automatically makes your ENTIRE iTunes library (on a Mac or PC) available for streaming to all of your Apple devices. It would be like Pandora, except using your personal song collection and playlists.
Does this mean someone with a HUGE illegally downloaded music collection can sign up for one year at $24.99 and download all of the available (matching) iTunes catalog songs as high-quality “legal” files, then cancel after one year and keep the files forever?
——–
Your “other sources” music catalog will still remain as long as you renew the yearly subscription. If not, your collection will just evaporate into the air. However, make sure you don’t delete your non-iTunes music from your backup. Only music purchased from iTunes will be stored free on the iCloud service. I think.
In keeping with Apple’s design philosophy, Steve is thinner and lighter than previous versions.
…. That said, it was good to see him do the event. There’s no one like him in any industry and there won’t be. Steve Jobs is already a legend beyond any living CEO. He is in the same league as Thomas Edison, Henry Ford Buckminster Fuller, Walt Disney and Frank Lloyd Wright. All of them were visionaries who were not afraid to take chances – tireless in setting standards for others to follow and also had the charisma to become household names.
Man, if I’d been drinking milk it would have come out my nose. Still laughing at that one.
Get well Steve!
Maybe I’m crazy but I think he looked good!
I won’t speculate on his health, but one thing I saw for certain is that he absolutely *loves* what he’s doing, and was thoroughly enjoying himself up there. Today was probably good for his health.
One thing I loved… “it’s available to Developers today.” On Lion and iOS 5 – available today. None of this “we’re going to be doing all this great stuff… in mid 2013” garbage like Microsoft does. Or “look, we have Flash on our tablet” like Motorola says (and then doesn’t deliver).
Apple is simply outclassing everybody.
Amen to that Mac Daddy.
I think SJ looks fine. He’s never going to be as bulky as he used to be, he’s had cancer.
Here’s to your good health SJ, may you live for many, many years to come.