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CNN/Money: Apple\'s iTunes store \'doesn\'t matter\'

updated 08:35 pm EDT, Thu April 8, 2004

iTunes vs. Macs

CNN/Money reports that Apple's : "Apple may be the undisputed heavyweight champ of online music. But its market share in the computer business, which still accounts for nearly two-thirds of the company's total sales, remains Hobbit-like small. Apple is clearly an innovative and cool company but in the grand scheme of things, its results are only significant for Mac junkies and/or Apple shareholders. Investors looking for clues about what's happening in the broader tech world would be better off digging through the reports from Intel and IBM."

by MacNN Staff





  1. SpiffyGuyC

    Joined: Dec 1969



    I guess they missed the part where Apple makes the #1-selling MP3 player, which is one of the few consumer tech segments actually experiencing a lot of demand. Computer sales are still relatively dismal, no matter who you ask.

  1. ronboor

    Joined: Dec 1969


    He does not know history

    He mentions Apple is innovative yet says look at Intel for what is happening in the tech world. Does he not know that almost all innovations come from Apple and that the rest of the world follows suit. Witness the first mouse, first 3.5" floppy, first GUI, first color monitor, first to get rid of legacy ports. The G5 is setting firsts, but wait till the G6 comes out, interestingly from chipmaker IBM that he quotes as being worth watching.

  1. Nostromo

    Joined: Dec 1969


    Is there any way... email the a****** who wrote this piece of s***? Or does CNN hide its "reporters" behind a wall of anonymity?

    And I mean writing directly to the person who wrote it. Not some "comments" email address that will go right to the bit bucket.

  1. porieux

    Joined: Dec 1969



    You're better off just ignoring it and not even clicking thru to the site.

    Remember, they crave attention and the more hits they get the more 'successful' they are.

    Don't feed it.

  1. erickwong

    Joined: Dec 1969


    Dishonesty in reporting

    There are far more than 8 public companies reporting earnings in the coming week. Apple is of great importantance to the author to generate traffic to his sophomoric article, yet he's unwilling to acknowledge Apple's influence on the entire tech industry that's disproportionately greater than its current market share.

  1. slider

    Joined: Dec 1969


    Err, Slow New's Day

    Seriously, WTF, there is nothing else to write about? And besides, Apple does make money almost every quarter. blah.

  1. beeble

    Joined: Dec 1969


    You're right and aren't

    Apple definitely leads the entire desktop industry in inovation. We could be here all night listing the things they have done first. They are even quicker to bring other companies technologies to market than those companies themselves (USB for example).

    What he is referring to is the economic outlook of the tech sector and he is right, Apple isn't an effective gague of the sector. The rules that govern Apple's growth are completely different. Usually "the street" lumps Apple in with everyone else. When the PC industry is bad then Apple must be two. This guy is pointing out that this isn't the case. The general buying cycles are different. Apple has spikes in the quarters after MacWorld and WWDC (since WWDC seems to be replacing the summer MacWorld for major announcements).

    Apple should be judged differently because it's a completely different segment of the computer industry all by itself. We've been saying this for years. The reverse is also true. Apple shouldn't be used as a barometer for the rest of the tech sector. They just aren't representitive (yet;-) of the industry as a whole.

    As much as my stomach churns when I think of DILL, they represent a large cross section of the industry. They make everything from high end servers to cheap c*** that you use to as door stops after a few months. They are a good barometer of the industry as a whole.

    To put it another way, you wouldn't judge the strength of the supermarket industry based on business for one health food chain, you'd look at Walmart to get the big picture.

    Don't flame the guy, he's right. He's saying what we've been saying the years, just from the opposite perspective.

  1. Zaren

    Joined: Dec 1969


    Again with market share?

    Just see my comments in yesterday's "market share is everything" article...

    but ignore all the typos :)

  1. phillymjs

    Joined: Dec 1969


    I hate these stupid...

    ...double standards:

    if apple_price > wintel_price then
    most_important_feature = price
    most_important_feature = something_else
    end if

    if apple_product_marketshare > wintel_product_marketshare then
    marketshare_importance = 0
    marketshare_importance = 100
    end if

  1. arajara

    Joined: Dec 1969



    They seem to claim that macs are only for "Mac Users" as if that means people who aren't in to high technology or something.

    They don't bother to look at the fact that Macintosh is the leader in almost every media production environment, from graphic design to digital audio and video at the high-end professional level.


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