The Big Think

October 11, 2005

Irrational Panic

Filed under: Macintosh — jasony @ 3:03 pm

Apple Computer today announced that it made fifty cents per share profit this quarter on 3.69 billion in revenue. Wall street analysts had predicted only .36 cent/share profit but anticipated 4 million more in revenue (3.73 billion).

So even though Apple’s profits trounced Wall Street expectations by 38%, the fact that revenue was off by just under 1% caused the stock to go into free fall. It’s currently off 10%.

This in spite of the fact that it was the analysts projection (guess) that were off. And also in spite of the fact that the 12 month stock target remains at $60/share.

Oh, and did I mention that Apple’s market share has gone from 1.8% to 6.6% in only one year?

Boy howdy. Guess it’s time to sell. That tripling of market share in one year can’t be good, can it? Can it?

About that OS War…

Filed under: Macintosh — jasony @ 1:13 pm

For as long as I can remember, the mantra has been “Apple’s market share is at 5%.” Today, this article at The Street reports, “Through August, Apple’s share of the U.S. retail market for computers, excluding online sales, grew to 6.6% from 4.3% in the same period last year, according to market researcher NPD Group.” Furthermore, Apple’s share of the digital music player market is at 74%, and that’s not including sales of the iPod nano.

via The Unofficial Apple Weblog

Powered by WordPress