“On Monday, it will be all about Apple,” Abigail Stevenson reports for CNBC. “Cramer expects that Apple will finally reveal the details and pricing for its highly anticipated watch.”
“One of Cramer’s many reasons for believing that Apple is still undervalued is that the management is consistently underrated,” Stevenson reports. “Some may think that this Apple Watch will bomb, but not Cramer.”
“The trick to Apple’s ecosystem is that whenever Apple unveils a new device, its app developers find a way to turn the machine into something that rules the world. Cramer knows that Tim Cook would never allow Apple to release a watch unless it was going to take the globe by storm,” Stevenson reports. “‘That’s what drives me crazy. When is this man finally going to be given the benefit of the doubt?’ Cramer asked.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
Beam me up, Scottie. iWatch = Tricorder and transporter interface.
CognitiveDissonance
You’re both right. 😛
Apple is not afraid to make bold moves. Where others copy things that are already successful and call it “innovation,” Apple’s TRUE innovation creates the things that get copied.
Investors see that, and think investing in Apple is risky. It feels like Apple is “betting the house” every few years. In reality, today’s Apple is very cautious. Apple does not release a major new product into a new market unless Apple has set up the conditions for success. This is done by first designing a desirable product and user experience that is very difficult for the competition to replicate, and then building on previous successes.
iPhone’s success was certain, because there were so many existing Apple customers who used iPod and iTunes; they wanted “the best iPod ever” that was also a phone and Internet device. iPad’s success was certain, because it was compatible with the success and “ecosystem” created by iPhone and Apple’s answer to “netbooks.” If all the conditions for certain success are not there, Apple does not release until they are there.
And now, Apple Watch’s success is certain. There are so many existing Apple customers with compatible iPhones (5 or later), all it takes is a small portion adopting Apple Watch and Apple sells 50 million during its first year. And Apple Watch is not a separate product, like iPad. It is specifically designed to enhance the user experience of iPhone customers. iPhone customers LOVE upgrades to their iPhone.
Obviously, not all iPhone customers will want an Apple Watch. The majority may not want an Apple Watch. It does not matter. Success is certain, because all it takes a small portion (even less than 10%) of potential customers to make Apple Watch the tech mega-hit of this decade. And these are friendly and enthusiastic potential customers who are already customers, not random people.
Therefore, while Apple makes bold moves, Apple is a safe investment. Those moves have a high probability of success, because that’s just how Apple operates.
success is never certain, not even for AAPL, where limited success is perceived as failure.
Anyone who’s ever analyzed an EGG chart +- for BUN knows that.
For success of a new product in a new market, Apple’s recent record is as close to “certain” as we can get.
iPod
iTunes Music Store
iPhone
iPad
(and soon) Apple Watch
(and maybe add) Apple Pay
The one that does not fit is Apple TV, and Steve Jobs made sure everyone knew Apple was NOT following its usual methodology for its release, by loudly calling it a “hobby.”
iPod was the last time there was actual UNcertainty for success in a “new product in a new market” release, and Apple mitigated that risk by initially releasing iPod to Mac users only (during the first few years) before fully expanding the audience to include Windows users. Any other company would release to the largest possible audience, not intentionally limit the audience. That’s Apple… Bold moves with wise caution.
Since then, Apple has been able to essentially guarantee success for a new product in a new market. If Apple is not able to create the conditions that make success a certainty, Apple does not release the product. The long-rumored complete (no longer a hobby) Apple “smart TV” is probably something Apple could have released (years ago), but does not, because Apple does not yet have a way to make its success a certainty. It may never be released. Any other company would release the product and HOPE for success.
We’re not talking about “charts” here. That’s why “analysts” so often get it wrong, when it comes to Apple. We are talking why Apple is so reliably successful.
Apple Watch shown on Monday is just the start with version #1 and an initial round of apps.
Next year’s model will likely include a camera so we can Wrist FaceTime completing the realization of the Dick Tracy sci-fi fantasy. 💥😃
I have no problem buying WATCH upgrades. Looking forward to spending more money on every new version that comes along ’cause I’m crazy ’bout giving more money to Apple for new iOS devices every chance I get! 😜🚀😍💥😱 not kidding.
Instead of Glassholes we’ll be Wristholes I guess.
We definitely won’t be Silverhassholes, that’s for sure. But you will be.
No, we won’t. But you’ll always be a silvera$$hole.
Tune in tomorrow morning kids when Tim Cook & Co. make asses once again out of the non-believers.
It’ll take weeks before the idiot tech press digests the full concept and impact… As usual
Yes what is immediately obvious to most is not obvious to them who gets paid to analyze & spin. Why sound instantly positive when you can write multiple articles of increasing degrees of acceptance and make more dough?
Apple got to pull out the hats or AAPL will tank tomorrow.
I don’t think Wall Street cares about the event at all since they’re probably hoping AppleWatch will be a failure ahead of time. It’ll only matter if Apple is able to sell millions to consumers. Screw Wall Street’s opinions about anything Apple attempts to do.
Non-users seem to think that Apple just makes faddish that will fade in a year or so like Cabbage Patch dolls. They have no idea about the depth of design and engineering backing up Apple products.
It’s funny you mention that because pundits nowadays believe the iPad was simply a longer lived fad than most because sales have recently taken a beating. They badly need their opinions justified no matter how long it takes. “Yup, I told ya so.” I think we should just ignore the background chatter from the peanut gallery and focus on high consumer AppleWatch sales because that’s what really matters.
While the Watch is only targeted at those who own or would like to own iPhones, it’s targeted entirely across the spectrum of all Apple customers – and the fashionistas I’m betting they WILL snag – and for a company that’s controlled its SKU proliferation very carefully since Steve Jobs came back and pruned the tree, they’re probably going to double the number tomorrow….!!
Not for me, an old fart who doesn’t want any more gadgets to manage and doesn’t usually care what time it is, but glad lots of my my mutual funds hold AA{PL.
I was a real skeptic for months, but watching the run-up and seeing the biz/fashion case, now think it’s going to play out brilliantly – people will be upselling themselves like crazy trying to accessorize with bands, apps, the whole works.
And buying iPhones to use their watches. And buying Macs to maximize their phones.
Yep. Tim’s def the cook now…. 😀
I’m curious to see if a decent AppleWatch event drives Apple’s share price up or down considerably. Will the attendees settle for just the AppleWatch part or are they expecting “one more thing” to make it all worth while? I’m expecting the critic lords to tear into AppleWatch as being the most useless piece of kit they’ve ever tried. I’m sure the hate will flow freely.
I’m also hoping an intriguing AppleWatch will help sell more iPhones. Wall Street will hate this aspect because they’re already pissed-off about Apple’s making too much money from one product which is said to be ruining the company’s value.
Hell has frozen over. Cramer actually said something that makes sense…
Not the first time, if anyone listens beyond pre judgement…
Cramer was pimping the stock market right into the teeth of the meltdown – serving the gullible right into the hands of the fraudsters and banksters that robbed investors blind. Why would anyone lend any importance to anything he says?
Google John Stewart takes down Jim Cramer and see Cramer lead the lambs to slaughter.
Q: Stevenson reports. “‘That’s what drives me crazy. When is this man finally going to be given the benefit of the doubt?’ Cramer asked.”
A: When we stop listening and responding to all the FUD that bloggers, like many who comment here.
It is one thing to be ignorant. It is curable. Unfortunately, stupidity can’t be. Especially when you don’t or can’t read.
Ultimate Use Of The Watch:
Controlling your BattleBot in the Mothership Arena.
I’m waiting to see how the Watch will make what I already do with my other devices better, further unifying the experience. Remotely controlling apps, such as play and stop for Logic while I am out of convenient reach of my iMac would be one such thing.
I’m on the fence at best. If the Watch doesn’t wow me at the keynote, I’m probably going to continue waiting for a retina Macbook Air. It’s either/or for me on that front.