Apple, the consumer electronics giant
May 15, 2007This is how The Financial Express, a business newspaper in India, characterizes Apple in an article about the Apple TV entering the Indian market:
Apple, the $19.5-billion US consumer electronics giant
I believe thats the first time I have come across piece that describes Apple as a “consumer electronics giant”. I guess its apt – considering the success of the iPod.
As an aside:
Rajeshwar Singh Butalia, head of retail in Apple’s Indian subsidiary Apple Computer International Pvt Ltd, is confident that Apple TV will be a success here.
Hmm. The Apple TV is priced 42% more than the US retail and there are only 2.5M broadband subscribers. I wonder what Mr. Butalia considers a success: 1%? 10%? I suppose adding anything to a less than 1% share is good.
You mean you only believe its the first time any one ever referred to Apple, as a $19.5-billion US consumer electronics giant?
Hmmm, were have you been? I hear that all-the-time and from major US and international publications and web sites. In fact, Apple is expected to boast 25 -34 billion dollars in sales this year and it is expected, at the current rate of growth, to surpass Microsoft in size (earnings) some time in 2010!
This helps explains why Apple stock just hit $109,88 today, as compared with $30.99 for Microsoft, S25.41 for Dell and a measly $1.78 for Gateway. HP trades for around $42.12.
Nine years ago, Mr. Dell suggested that the best thing Apple could do was to close shop and give their investors their money back.
The joke, unfortunately, is on him. Dell now has a market cap of 56-Billion dollars to Apple’s 95 Billion dollar market cap.
Apparently, the Mac is back and on the Attack, as it is reported to be growing 3 times the rate of PCs and attracting over 9,000 Window switchers each and every day, and growing ever faster!
Apple as a US consumer GIANT? I should think so!
Don,
Most of the articles I read hint that it’ll be hard for Apple to replicate the iPods success and treat the iPod as a one trick pony. I honestly cannot recall reading a description similar to the one above. Maybe all that means is that, despite what the missus says, I need to surf more!
Thank you for the note.
[...] Apple, the consumer electronics giant This is how The Financial Express, a business newspaper in India, characterizes Apple in an article about the Apple TV […] [...]
Me thinks you do need to surf more. Actually, I’m a big OSX and Linux fan and I surf Market Watch, etc. each and every day. I’m a news junkie so I pick these things up like a Hoover sucks up dust particles.
After hitting 95 billion in market cap today, Apple sank back two billion bucks, but it will be back. Some analysts are predicting up to $200 per share at the end of the year for its stock. Its now $107 plus change.
I guess that in addition to Steve Jobs one-dollar per year salary, Apple can afford to pay him $646-million bucks in benefits for last year. Steve is the highest paid CEO in the world.
To give you an idea how well Apple is doing, that works out to $310,526 bucks per hour! Nice work if you can get it.
What would I do with $1,526 bucks per minute? God, the possibilities! :O)
As for the iPod, recent surveys indicate it may even be bigger than the iPod. We will just have to wait and see?
By the way, one of my daily web site visits is: http://www.macsurfer.com
This is a great site for Apple news and is where I got the link to your site.
Check it out, you might enjoy reading just how amazing this US Tech Giant is doing. Clearly, its running on all cylinders. Wait, make that CPU Cores. lol