Linked by Thom Holwerda on Mon 10th Sep 2012 14:51 UTC, submitted by MOS6510
Written by Scott Cleland: "With so many fanboys spinning Silicon Valley history, it's sometimes easy to forget about the real chain of events that led to the ongoing Apple-Google thermonuclear war, how the romance turned to hate. This timeline presents an interesting case about why, despite patents and prior art, Steve Jobs had plenty of personal reasons to despise Schmidt, Page, and Brin." Cleland has a very, very good point; quite coherent and well-reasoned... That is, if you haven't got a single shred of historical sense and completely and utterly ignore the 30-odd years of mobile computing development that preceded our current crop of smartphones. It's hard not to be reminded of how certain groups of people dismiss millions of years of fossil records because this record inconveniences their argument. In any case, a comment on the article answered the question properly: "Jobs was a businessman. He was angry he was losing money. Simple."
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Member since:2005-11-03
"[q]Make this comparison in another 10 years. If Apple still exists by then.
You do understand AAPL could lose 50% of its value and would still be 50% more valuable than GOOG, right? " AAPL's current market cap is approximately 600B. GOOG's current market cap is approximately 250B. If AAPL lost 50% of its market cap it wouldn't be worth that much more in the market than GOOG. Take a look at the historical graphs of these two corporations to see why Apple is in a 'bubble'. Google has been a publicly traded company for roughly seven years and has shown consistent and steady growth with only a single minor dip. Apple on the other hand has been a publicly traded company for 25 years and has shown only an incredibly rapid rise in value in the last three years. Historically Apple traded well below 100 and Google opened at 105. Apple didn't breach 100 until 2007 and in that same year Google was around 500. [/q] I'm not a very big fan of Apple these days, but it's not a bubble. The P/E is 15.61 and their earnings are $42.55 per share. If anything, the stock might be slightly undervalued. Suggesting that they will be lucky to still exist in 10 years is pure idiocy (their market cap in GDP terms would put them at 18 in the world and they have $100 billion cash on hand). All of that being said, there's plenty of room for them to fall from where they're at and I expect they will. 10 years from now they'll most likely be like Microsoft is today; a very valuable, very profitable company, but not the cool kid on the block.
Member since:2012-08-26
I address the undervaluation in my previous to the post you are quoting part of. By 2013, they will reach ~1000. After that the bubble will burst, and yes, it is a bubble.
I never said they would definitively disappear in 10 years. That is actually a part of another poster's quote tacked on to mine. But it is possible that if they have bet too strongly on a single market and their stock bubble burst, which it will by 2014 at the earliest, then they could end up like other tech corporations that were tops and then went bankrupt.
If things go a different route, then yes, Apple could and would end up being like Microsoft. Check out MSFT's parabolic rise, then drop-off, and finally their flat but stable stock price for the last 7+ years. Either way, Apple is not destined to maintain this 'high' either creatively, financially, or psychologically with its 'customers'.
Features
Linked by Thom Holwerda on 06/13/13 14:35 UTC
The third and final WWDC product I want to talk about is - of course - OS X 10.9 Mavericks. While iOS 7 was clearly the focus of this year's WWDC, its venerable desktop counterpart certainly wasn't left behind. Apple announced OS X 10.9 Mavericks, the first OS X release not to carry the name of a big cat.
Linked by Thom Holwerda on 06/11/13 17:07 UTC
We already talked about iOS 7 yesterday (after a night of sleep, it's only looking worse and worse - look at this, for Fiona's sake!), so now it's time to talk about the downright stunning and belly flutters-inducing new Mac Pro. As former owner and huge, huge, huge fan of the PowerMac G4 Cube - I haven't been this excited about an Apple product since, well, I would say the iMac G4. This is the Apple I used to love.
Linked by Thom Holwerda on 06/10/13 23:13 UTC
Apple held its big keynote event thing at WWDC earlier this evening, but since I was away with friends I've had to read up on it later in the evening. The company announced iOS 7, OS X 10.9 Mavericks, and they gave a preview of the new Mac Pro. Especially the Mac Pro impressed me, and while iOS 7's new Holo/Metro-inspired theme looks messy and garish to me, I do commend Apple for finally breaking the mold. This news item will focus on iOS 7 - I'll dive into the Mac Pro and OS X 10.9 tomorrow (it's late here now).
Linked by Thom Holwerda on 06/08/13 14:57 UTC
And yes, the PRISM scandal is far, far from over. More and more information keeps leaking out, and the more gets out, the worse it gets. The companies involved have sent out official statements - often by mouth of their CEOs - and what's interesting is that not only are these official statements eerily similar to each other, using the same terms clearly designed by lawyers, they also directly contradict new reports from The New York Times. So, who is lying?
Linked by Thom Holwerda on 06/07/13 11:40 UTC
This story is getting bigger and bigger. Even though most Americans probably already knew, it is now official: the United States government, through its National Security Agency, is collecting the communications and data of all American citizens, and of non-Americans using American services, through a wide collaboration with the large companies in technology, like Apple, Google, Microsoft, Facebook, and so on. Interestingly enough, the NSA itself, as well as the US government, have repeatedly and firmly denied this massive spying on Americans and non-Americans took place at all.
Linked by Thom Holwerda on 06/04/13 12:45 UTC
Ah, patents - the never-ending scourge of the technology industry. Whether wielded by companies who don't actually make any products, or large corporations who abuse them because they can't compete in the market place or because they're simply jerks, they do the industry a huge disservice and are simply plain dangerous. According to The Wall Street Journal (circumvention link), president Obama is about to take several executive actions to address patent trolls - which may seem like a good idea, but I am very worried that all this will do is strengthen the positions of notorious patent system abusers such as Apple and Microsoft.
Linked by nfeske on 05/31/13 10:12 UTC
With version 13.05, the developers of the Genode OS Framework take measures to ensure that Genode continues to scale well with a growing number of users and the steadily broadening platform coverage. Further highlights are the improved SoC support for Exynos 5, OMAP4, Raspberry Pi, i.MX, and new components for realizing headless systems.
Linked by Thom Holwerda on 05/29/13 16:59 UTC
At the D11 conference, Apple CEO Tim Cook once again took the stage to be interviewed by Walt Mossberg and Kara Swisher. While most of the interview can be replicated by picking and reading 10 random Apple fanblog stories - there were still a number of very interesting things that warrant some closer scrutiny.
Linked by Thom Holwerda on 05/24/13 17:26 UTC
So, the Xbox One disaster continues. Microsoft's policy for dealing with the used games market has reportedly leaked - and it's a clear and direct attack to destroy the used games market. Prices for used games will be set at the retail value of a new game, and retailers have to hook into Microsoft's computer systems and comply with Microsoft's terms and conditions.
Linked by Thom Holwerda on 05/21/13 21:38 UTC
At an event earlier today, Microsoft unveiled the next Xbox - the third model, but confusingly named Xbox One. The big focus was TV, integrated Kinect, and all the other stuff we all expected to be forced down our throats. I think it took them 25 minutes to actually come to what should be the core of the story: gaming. Nothing groundbreaking in the gaming department, except for how Microsoft intends to handle the used games market and borrowing games from friends: pay up, buddy!More Features »
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Member since:
2012-08-26
You do understand AAPL could lose 50% of its value and would still be 50% more valuable than GOOG, right? "
AAPL's current market cap is approximately 600B. GOOG's current market cap is approximately 250B. If AAPL lost 50% of its market cap it wouldn't be worth that much more in the market than GOOG.
Take a look at the historical graphs of these two corporations to see why Apple is in a 'bubble'. Google has been a publicly traded company for roughly seven years and has shown consistent and steady growth with only a single minor dip. Apple on the other hand has been a publicly traded company for 25 years and has shown only an incredibly rapid rise in value in the last three years. Historically Apple traded well below 100 and Google opened at 105. Apple didn't breach 100 until 2007 and in that same year Google was around 500.