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AAPL Stock: 565.32 ( 0 )

Apple the "Teflon tech stock"

updated 10:15 am EDT, Wed August 25, 2004

Teflon Apple


Paul R. La Monica of CNN/Money calls Apple "" in his latest column, noting that no amount of bad news seems to damper the company's performance on Wall Street. "Here are just a few of the issues the Mac faithful have had to ponder: CEO Steve Jobs' cancer surgery, intensified online music competition from Real Networks and Roxio (which is renaming itself Napster), rumblings about an imminent online music entry by Microsoft, Sony's debut in the digital music player market, delays in the introduction of the new iMac, concerns about a shortage of the G5 processor and a recall of some PowerBook batteries. Whew! Despite all this, Apple's stock is up more than 45 percent this year. Since my last positive column about Apple in mid-May, the stock is up 16 percent. Meanwhile the Nasdaq lost 2 percent." La Monica remains bullish about Apple despite the recent gains and shaky news, noting that heavy demand continues to surround several Apple products and that Apple's music strategy seems very sound.


by MacNN Staff

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  1. genevish

    Mac Enthusiast

    Joined: Jan 1999

    0
    08/25, 11:38am | report spam | Reply |

    The teflon company

    Apple is really the Teflon Company. How many times have they been called "beleaguered"?

  1. dav

    Mac Elite

    Joined: Dec 2000

    0
    08/25, 12:05pm | report spam | Reply |

    stock price

    apple stock only tanks when they report good news

  1. Zak Nilsson

    Fresh-Faced Recruit

    Joined: Mar 1999

    0
    08/25, 12:22pm | report spam | Reply |

    Beat me to it.

    Of course Apple stock stays high during bad news. It only sinks when we get good news. So if we follow Wall Street's past history with Apple, we can assume that if Apple finds a way to create world peace and a cure for all diseases, their stock will tank down to zero and they'll go out of business.

  1. ecrelin

    Junior Member

    Joined: Oct 2000

    0
    08/25, 12:26pm | report spam | Reply |

    funny

    how they never mention the top customer satisfaction rating, and their indifferent ignorance regarding Apple's ultra serious push into the enterprise at the opportune time with giant killer products and the best price/performance in their product lines. With nearly three years of OS review and evaluation coming while M$ tries unsuccessfully to reinvent the wheel they are poised to go into orbit. the halo effect has worked, iPods have raised Apple's profile, soon success in the music market won't matter any more everyone will have seen what Apple is all about

  1. jimothy

    Fresh-Faced Recruit

    Joined: Sep 2000

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    08/25, 12:57pm | report spam | Reply |

    Contrarian says...

    When everybody is bullish about a stock, such as Apple, sell! There's little room for upside potential. When everbody is bearish, buy!

  1. PookJP

    Mac Enthusiast

    Joined: Jan 2001

    0
    08/25, 01:12pm | report spam | Reply |

    Teflon George

    Sounds like a certain President.

  1. lkrupp

    Fresh-Faced Recruit

    Joined: May 2001

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    08/25, 01:29pm | report spam | Reply |

    Ignorant analysts

    Analysts have never understood Apple as a company. They never will. They don't understand Apple's market. They sure don't understand Apple's customer base. They continually compare Apple to the "standard" business model THEY created for the industry. In fact analysts have never understood why Apple even exists. It annoys them that Apple is still around making great products and money at the same time. Doesn't compute for them. Doesn't make sense to them.

  1. darkpill

    Fresh-Faced Recruit

    Joined: Jun 2004

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    08/25, 03:08pm | report spam | Reply |

    Rediculous

    The guy is an idiot:

    1. Steve Jobs' cancer surgery: he's expected to make a full recovery

    2.intensified online music competition from Real Networks and Roxio (which is renaming itself Napster),: those services are still complete c***, unable to surpass Apple with even half of prices.

    3. rumblings about an imminent online music entry by Microsoft, Sony's debut in the digital music player market: More and more c***, no threat at all.

    4. delays in the introduction of the new iMac: Apple already stated that it will hardly affect the bottom line.

    5. concerns about a shortage of the G5 processor: Over blown

    6. and a recall of some PowerBook batteries : yeah - that was a real blow to Apple - give me a break.

    7.Despite all this, Apple's stock is up more than 45 percent this year: Yeah, sales are great and their expanding their business ... what do you expect?

  1. Cf

    Fresh-Faced Recruit

    Joined: Jan 2002

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    08/25, 04:19pm | report spam | Reply |

    hmm

    Yeah i'm not sure what analysts think when Apple doesn't follow their rules of stock performance. I'd be surprised if business classes use examples like this to teach students though. I'm sure Apple isn't the only company with this type of stock. People still think Macs aren't compatible with anything, so new ideas aren't getting through to lots of people.

    As for Microsoft getting into the online music business, I think it is a significant threat to the ITMS. Investors love to get on their knees for MS. The best way I see to try and fight this potential threat is to let people know iTunes is for Windows as well. Get them to like the user experience at the music store and maybe when they see what Microsoft offers, it won't feel as comfortable. Of course, I'm not sure what pricing scheme Microsoft would use. Real has shown that cheap sells. Off topic, but what bitrate is Real offering? I want to read some articles criticizing Real's content, not strategy.

    The G5 shortage is having an effect. If you think it's overblown, then tell that to people getting a G5 repaired (see forum thread). People see the battery issue as a future concern if considering a Powerbook for the 1st time.

    I always preach to fellow Mac users that we need to be showing others how much we can do and how much we enjoy our experience. Otherwise we just look like zealots way too often.

  1. klinux

    Senior User

    Joined: Jul 2002

    0
    08/25, 04:28pm | report spam | Reply |

    Zealot speak

    "4. : Apple already stated that it will hardly affect the bottom line.

    5. :Over blown""

    Those are the exact words Enrons and their likes said too .

    You have been drinking too much Cupertino Coolaid.

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