October 23, 2007

Stevie’s plan is coming together

Written by: Eric  |  Category: Entreprenews

Steve Jobs & Apple poised for greatness

The iPod isn’t just a music player. It’s an incubator. Steve Jobs’ has thought of it as such from it’s conception. He’s always said that if people buy an iPod and experience the Apple difference that they’re likely to branch out and possibly buy an iPhone, maybe even a Mac.

Did you see Apple’s stock today? It’s safe to say his plan is working. Apple’s Mac computer business is tearing through industry growth rates. Apple sold 2.16 million Mac’s last quarter, a 34% increase from this time last year and over double the rate of PC growth of 15.5%. The October 26th release of OS X Leopard can only push this even further.

The iPhone is in the hands of over 1.4 million people less than 5 months after it’s introduction. It took the iPod over two years to see that kind of reception. Do you see the snowball effect happening?

Is this a historical take over in progress? Is the stock going to continue to climb or is it poised for a minor pullback? Any YGG’s out there currently invested in AAPL? We’d love to hear your thoughts.

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About the author, Eric
An automotive ace and real estate mogul in the making, Eric originally created YGG all by his lonesome self. Feel free to stalk him on twitter.

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6 Comments

  1. Satish said on October 23, 2007...

    The quick answer is: it may jump back a bit now after today’s spike, but it’s poised overall for continuing growth.

    My question is, the stock news on RIM is much more significant today then AAPL. I think analyzing their prospective growth is a lot more interesting of a topic (especially with the rest of the blogosphere all up on AAPL already): from 44% smartphone marketshare to the launch in the Chinese market… I mean, damn.

    I would be interested then to hear people’s thoughts on both stocks, if that’s cool.

  2. David Getchel said on October 24, 2007...

    I own stock in Apple and I’m very happy. They are doing a lot of things right and it shows.

    No comment on RIM, sorry.

  3. elysa said on October 24, 2007...

    About 2 years ago I took a stock market class and one of the things the instructor suggested was investing in a company that you are familiar with. This helps you know what’s going on with the stock because you are already familiar with the company. I chose Apple because I love my mac and ipod and everything else Apple. I bought it at 65 so I am pretty happy with where things are now.

  4. Dave said on October 24, 2007...

    I never invested, but a few years back I created a “fake portfolio” for how I would have invested had I had money to invest at the time. As of right now, the stock would have had a 1,500% gain lol. I “bought” at $11.38.

  5. BWJ said on October 24, 2007...

    I have been an Apple user for years and I had been wanting to buy-in for a while, but wasn’t in the position to…on the day the iPhone was announced, I caved and bought it at $96 a share. Everyone I knew was giving me crap about “buying high” especially when it dropped slightly in the following days.

    But since then it’s done nothing but grow. My brother finally followed my lead at $120 and my dad at $130…

    We are all confident in it’s continued growth, and see Friday’s launch of Leopard as reassurance.

    —-

    RIM is a whole different story…we all passed on that like idiots.

  6. Ross Hill said on October 24, 2007...

    Sadly no I didn’t buy any stock in 2003 when I bought my first 3G ipod… I was thinking about it though :(

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