Quote:
Originally Posted by murraypaul
Yup, that seems a pretty reasonable assessment.
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Pretty much.
But there is still the hidden assumption that Apple *needs* to close the "price chasm".
That assumes they have to match the pricing of, say, Archos.
Which is a huge unfounded assumption.
Sorry, but that is like saying BMW has to price-match Hyundai. Both make fine cars but they don't serve the same markets so they don't have to play by the same rules.
The fact is Apple was never going to *keep* their 100% market share in consumption tablets. They were never going to sell 100 million phones in the past quarter, China or not. And the MAC line is an afterthought at Apple HQ and consumers are starting to notice.
So there was never a factual basis to expect their stock to be worth even $500 much less a thousand.
There is a failure now evident but it isn't an Apple failure; it is the investors and analysts who have bid the stock beyond its proper valuation that have failed.
Apple is hardly broken.
The only thing going on is that with the Reality Distortion Field gone, the bubble of irrational expectations has burst replaced by a new set of... unlikely... expectations.
Apple was never going to own the world and they're not going to vanish in a puff of smoke and brimstone any more than Microsoft, Google, or Amazon have. They aren't broken or doomed or going to implode any time soon.
That is just not going to happen.