Truth is, the Apple stock price had been flying super-high prior to Steve Job's key note last week, Wednesday Jan. 27. Anything short of a magic trick and Apple's amazing run was going to plateau. Until the unit actually starts shipping that is.
I put my order in today. (Or I would if I could, currently you can't even pre-order the unit.) Base model is all I need.
Here's why the stock has been hit so hard.
One: the markets are looking for economic optimism.
Two: Apple is one of the brightest stories in all of tech.
Three: Steve Jobs is a hero, and we want to see him win. And like L Armstrong, beat cancer.
Four: The value in Apple stock was run up in anticipation of the announcement on January 27th. All the demos and examples of what this thing will do were already out there. Jobs had two major cards to play.
Price.
Availability.
The other issues: wireless provider (still ATT), camera (not yet, look for a v2 before the next holiday season), single threading (yeah, big deal, it's a phone-like thing, not a power-user computer), just a HUGE iPhone.
So some smart analyst can do a better job than me of looking back two years at the launch of the iPhone. I'm pretty sure you can model the trajectory of the iPhone on it's way to selling MILLIONS of phones. Lay a map of today's markets and today's AAPL value and then place your bets and valuations where you will.
Of all the non-sense that has come out of the Apple iPad announcement my favorite was, it's really just a big iPhone. And this was said with some disappointment.
Oh, and there's the non-issue of the name. They could've called it NGMCD for all anyone cares. At the end of the day, people are going to line up in droves to buy one. Just like the iPhone, it's a game changer. If you disagree, that's fine. Just sit out and watch.
Mark my words. The iPhone-H is going to be HUGE. Yes, it's a HUGE iPhone. Any further questions?
@jmacofearth
permalink: http://bit.ly/aapl-value
Google's iPad Visualizations on Gizmodo
CoverItLive (event streaming tool) crashed under the heavy traffic at the iPad announcement
