“Apple generates the vast majority of its revenue from hardware sales, not software. If the next piece of hardware bombs, Apple takes a hit. If the piece of hardware after that bombs, Apple takes another hit and we might have a trend. And so on,” Rocco Pendola writes for TheStreet.
“Without useful and beautiful hardware that people want to mix business and pleasure with, Apple dies,” Pendola writes. “Or maybe the devices remain useful and beautiful, but, for one reason or another, people no longer want to buy them. Same outcome: a fall from greatness.”
Pendola writes, “Amazon just disrupted the competitive landscape. In fact, it provided an Apple succession plan: Amazon unseats Apple as the dominant force in tech and related spaces. At several points over the last year, Apple stopped dictating the rules of engagement. As a result, Amazon will unseat Apple this decade as America’s premier company, without being No. 1 in market share for any device. It doesn’t even have to make money on hardware sales… Wall Street loves stable, well-oiled machines that don’t miss. It will run AMZN to $1,000 on confident anticipation of a dynasty by the end of the decade.”
Read more in the full article here.
MacDailyNews Take: iCal’ed for the moment when and if AAPL or AMZN first hit $1,000.
This asshat is not only predicting that Apple’s next product will be a dud (it won’t), but that the next one after that will be too (it won’t), and that Amazon will somehow step up to fill Apple’s shoes, when Apple stops innovating (they won’t).
What an idiot!
There is a big cloud on the horizon for Amazon. I am a prime member and in the past 12 months I have bought $4,600 at Amazon. Great selections. But that is not why I use Amazon, I use it because of the 9.25% sales tax if I buy locally. When Amazon has to start collecting CA sales tax, I am going to buy locally. I have talked with others who plan to do the same thing. I am not sure how many states will have the agreement with Amazon that California worked out, but just the 36 million in our state could have an impact.
OMFG this clown can’t be serious. Yea Amazon has a stable well oiled 315 PE Ratio and a 10 PEG. That stock is really only worth $25 a share and thats a generous offer. I don’t know how people who own AMZN even sleep at night without tight stop losses.
Rocco’s always been a douche bag Aaple hater.
In a business model sense (and a losing one at that since going after price shoppers is a race to the bottom) Amazon is not only the Walmart of the digital world, but they are in direct competition to Walmart more than they are to Apple.
Amazon doesn’t do anything tech. It doesn’t develop its OS (slaps a few things and apps on Android). It doesn’t develop its own tablets (took over Blackberry’s failed PlayBook and relies on that manufacturer for updates/new developments).
Amazon will be a small player in the tablet arena, but only so that it can sell its subscription/download services. But Amazon’s “tech department” will never get it to $1,000 share price (like that really matters anyway).
amazon last quarter made 7 million net profit
apple made 8800 million (8.8 billion)
repeat 7 million vs 8800 million
amazon is going to out tech, out innovate , outsell Apple? really?
(man with over 100 billion in the bank and those monster profits Apple could SUBISIDIZE apps and books to undercut Amazon for YEARS and where will kindle’s lose money make it back on content be… ?)
I’m SOOOO tired of morons writing that Bezos foray gong into tablets is an act of genius. In reality its an act of DESPERATION. Bezos has no hardware experience, engineers etc but was FORCED to go Kindle as he could see the writing on the wall: digital downloads will destroy printed book sales just like it destroyed the corner music LP store. It was act or DIE (courtesy of real tech companies like Apple ) ..
.. and his act of desperation has cut profits to heck.
With NEGATIVE INCOME GROWTH vs Apple’s +85, it’s P.E is 300! apple’s stock is a stupid low 15. Amazon is now one giant ponzi scheme and amazon boosters are hucksters (like the original facebook guys).
Without useful and beautiful hardware that people want to mix business and pleasure with, Apple dies
oh look yet another apple death knell <-HAHAHAHA!
Amazon just disrupted the competitive landscape
…with an ereader that makes amazon no profit apart from forced advertising <-HAHAHAHA!
Wall Street loves stable, well-oiled machines that don’t miss. It will run AMZN to $1,000 on confident anticipation of a…
One Word: BUBBLE!
I already have my popcorn popping.
Who cares whose stock price reaches $1,000. Market capitalization is the biggie.