“I have come across Apple’s plan to become a $1,000 stock,” Nigam Arora writes for Forbes. “Obviously, the plan is secret and Apple did not give me access to it.”
“I was able to connect the dots from the gobbledygook contained in an Apple document,” Arora writes. “The document is United States Patent Application 20120016678. The document is purported to be a simple patent application for Siri.”
Arora writes, “Today Siri is a feature on Apple iPhone 4S. It is clear that Apple intends to carry Siri beyond iPhone to all of its devices. Siri will no longer be tethered to any one device. As long as you can connect to iCloud you will be able to use Siri… It is not hard to imagine how Apple will rule your world.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
So, did you hipsters catch the latest episode of The Big Bang Theory?
Yes!! Best “free” ad for an embedded product EVER! I especially loved the Barry Kripke character’s difficulty with Siri due to his severe speech impediment. (He sounds like Elmer Fudd on steroids.) Fabulous episode . . . especially the female embodiment of Siri at the end of the show. Wow. Love to meet her sometime!
That was a great episode.
I pissed my pants laughing (metaphorically of course)
I saw that show and it is one of their funniest to date. Apple should thank the cast and send them all a iPhone 4S (and the iPhone 5 when it comes out later this year).
Apple could use him as a commercial spokes person. Apple already got a 30 minute ad from the show and that may have been the first time many people really got to see what Siri can do.
Thank you Big Bang.
The posts on this forum are sometimes aggravating, then one like this comes along to remind me we are mostly cut from the same cloth. BBT is one of my few must sees and this one was great. Liked the redhead a lot.
Whatever the merits of Apple, it’s hard to imagine a scenario where Apple stock will reach $1,000 in the near future. There are too many vested interests who will put obstacles in the way and who will spread false rumours to offset major advances.
Heard the very same argument from “StockBoy” and Laura Goldman years ago. “Apple can’t,” “Apple will never,” “Apple shouldn’t,” etc., etc.
Want to bet your hour or child’s college fund on this?
Let “hour” = “house”. (Typing ‘way too fast.)
@Randian
I think you misunderstand my point. As somebody who owns a substantial number of AAPL shares, I would be delighted if they reached £1,000, but I have held those shares for many years and have become disillusioned by the blatant manipulation that is seen in connection with this stock.
There is no doubt that Apple is performing well and will continue to do so for the foreseeable future, but I have my doubts about how effectively the stock price will end up reflecting Apple’s successes.
AAPL should already be substantially above $500, but has been held back. I think that the same well-proven tactics will continue to put a brake on the rise of AAPL.
I’m still holding my shares, but I’m not expecting future AAPL growth to be anything like it has been, even though I expect Apple’s financial results to continue on their current trajectory.
If Wall Street were an honest place, the situation might be very different, but that’s how things are and that’s the reality that we have to deal with.
When I said @Randian, I meant @Cromwell
If you want to make real money, you have to take some of those shares and play them. Sell when they peak up, buy when they dip low. At 20-40 $$ per jump, pretty soon you are talking real money.
Just a thought.
Oh, how I miss Laura Goldman. She sure was fun to ridicule.
Baby steps. Let’s just look out 9 months. In 9 months we’ll know how much Apple made this fiscal year. There’s a good chance that Apple may hit $50 eps this fiscal year. If you apply a 10 multiple, which is ridiculously conservative and low and implies zero-future growth, you get an enterprise value of $500 a share. Add in the over $100 a share in cash which could be about $140 a share in 9 months, then you get a price of $640. From there, would $1000 be totally out of the realm of possibility? That’s a little over 50% more from $640. It could happen in FY2014 if Apple doesn’t get derailed. Will it? Who knows, but it’s not so crazy as it would have seemed 5 years ago when Apple was under $100. But who thought 5 years ago when the iPhone was announced that Apple would be around $450 today? I bought shares after Steve’s MWSF announcement, but I was only envisioning a double to $200, which incredibly enough they hit by December 2007.
Another member of the FOS club. Stocks do not rationally become $1000/share before some market mechanism levels the playing field. We’re talking about common stock here.
The absolute price of the stock is irrelevant. Apple could do a reverse 3-1 split and the stock would be over $1300/share.
The only thing that matters is price in relation to earnings and forward looking growth and profits.
If anything is holding AAPL back it’s the limits a lot of institutional investors have in the % of a single stock they can carry in their portfolios or managers in their funds. That and the psychology of never having seen a 30+ year old company grow earnings at the pace Apple has for the last decade. They simply can’t wrap their brains around it because its without precedent.
SIRI is the confluence of the kind of FLAN technologies usually seen in sci-fi movies. As reality imitates art, It’s easy to see how SIRI drives AAPL from a computer to a robotics company and beyond.
We are the Borg. We will add your biological and technological distinctiveness to our own. Resistance is futile.
I kept rewinding my dvr to do some video grabs on my iPhone and email out to friend but after 3 or 4 it turned out to be Siri all thru the episode and I told him to just go see the complete show. So many great lines….. I made a ringtone out of one.
Which line did you use?
well actually 2 (I wanted 1 but so many funny lines)
#2 the second part of Siri’s reply to the guy about the Restaurant wuestion whe he repeats it again cause Siri can’t understand him.
#2- Sheldon’s comment back to Rajesh… “Bonding to a soulless machine…..kudos”! LOL
Siri’s voice from iPhone, “Don’t forget to take me with you to work Dave,” as he enters the kitchen, Siri’s voice comes from the refrigerator, “pick up some milk on your way back home from work Dave, were almost out,” and from the coffee pot Siri announces, “your coffee is ready Dave,” then the iPad on the kitchen table asks Dave, “which paper would you like to read today?” 🙂
Last night’s Big Bang — funny and certainly amazing free advertising! A hoot.
I don’t buy it. Apple just announced a crazy, blowout, record-breaking quarter and a 100 billion CASH hoard and the stock barely moved at all. Wall street will never, ever, ever believe in Apple, not even if it bought the entire state of New York in cash.
To suggest that Apple Inc. is relying solely on Siri to help get its stock price to break $1,000 per share is ridiculous. Apple’s future line of great products will do that. To suggest that Siri alone would do the trick of reaching such a stock price, means people are forgetting that its the beautiful mix of software and hardware that makes products great, not just one ingredient.
My wife and I together tried out many of the same Siri queries that were posed on the TV show right after it happened on TV. We laughed so much.
Ahh, this would explain what didn’t make sense before: why Siri _always_ goes out to the ‘net, rather than using the iPhone’s internal processing for simple tasks like “call my wife” or something (as it did before with the simplified voice recognition program). It seemed silly to send out to the ‘net to do these tasks, but if the plan is for Siri to be device agnostic, this all suddenly makes a great deal more sense.