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Wall Street unsympathetic to Apple niche

updated 04:00 pm EDT, Thu August 28, 2003

Even though Apple's iTunes online music store is "doing boffo business" and its new Power Mac G5 "has been met with mostly great reviews," the First Call , according to CNN/Money. "So this is essentially a Hold recommendation which, as most investors know, is a nice way of saying Sell....'Apple has always been the oddball in the computer industry,' said Matthew Kelmon, president of Kelmoore Investment. The criticism that Wall Street often makes when evaluating Apple's prospects is that it's a niche company that will never supplant Microsoft.'"

by MacNN Staff

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08/28, 04:28pm | report spam | close Reply |
Apple will be #1

come on baby!

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08/28, 04:46pm | report spam | close Reply |
Let them

Let them sell. That'll make the price drop so I can buy more.

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08/28, 05:13pm | report spam | close Reply |
about wall street

Analysts are the biggest arogant monkeys in suites.
pompous and horribly wrong 60%-80% of the time.

It's just opinions any way

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08/28, 05:32pm | report spam | close Reply |
Wall Street

So, if a company cannot "supplant Microsoft" it should just close its doors? How arrogant!

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08/28, 05:32pm | report spam | close Reply |
yea, thats why..

..stocks have gone up almost 4 bucks since june? Brokerage idiots.

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08/28, 05:34pm | report spam | close Reply |
i agree.

i'd like to know how many of these guys talking about selling Apple ever recomended buying Enron or Worldcom?

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08/28, 05:53pm | report spam | close Reply |
remember the IT bubble?

yes, that was created also by these so called ANALysts... never trust an analyst if you can use common sense.

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08/28, 06:12pm | report spam | close Reply |
Ha!

No PC manufacturer will ever supplant Dell. So the others should just give up.

JC Penney will never supplant Sears as a department store. You should sell any stock you have.

Volkswagen will never supplant GM as a supplier of cars. Guess they are worthless too.

CNN will never supplant real journalism. So by their own logic, CNN should shut its doors.

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08/28, 06:45pm | report spam | close Reply |
Don't be so sensitive

The caricatured argument does make sense: No PC manufacturer will surpass Dell, thus their stock is low. No-one is saying that they cannot surpass Dell, just that the odds are low => cheap stocks.

Even during the last years during which Apple has been doing Really Cool stuff, they haven't increased their market share => cheap stocks.

And yes, I think apple will prevail, and yes, if I had money to burn I'd invest.

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08/28, 07:29pm | report spam | close Reply |
Wall Street

Wall Street is filled with useless, know-nothing bean counters who are nothing more than aggrandized checkbook-balancers. They THINK they know all, but in reality know NOTHING. And why do we let them run the world????

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08/28, 07:46pm | report spam | close Reply |
It's not about MS

Who cares about MS anymore? With all the moves Apple has made, they're clearly not their radar screen.

Competing with MS is the old school of computer business: find thegreatest competitor and try to top'em. Apple is innovating entirely new markets that the Wintel world is living off of. "Digital Hub"? "iPod"? "ITMS"? Come on! The PC's were nothing before Apple came by and defined it for all of us.

Apple has clearly become a consumer electronics boutique of the highest order, and that is NOT what MS is at all. In fact, MS is trying to compete with Apple in order to keep the lines blurred between their operating system and ours. If MS didn't have XP (or the coming longhorn) the difference would be too clear: Apple makes computers useful and MS makes computers that could be.

Who cares about MS!? Blue-chip holders who can't see a new market until an old market expands into it. MS is developing competing software to each and everyone of Apple's innovations (not to mention Palm's). iTunes, iChat, iMovie, you name it MS is trying to keep up - which it clearly isn't. One day, WallStreet will wake up and stop comparing Apple's to ... well, you know.

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08/28, 08:31pm | report spam | close Reply |
Marketshare

Ok, I have found some numbers:

Consumer Market - 2001 (this is only laptops and desktops, servers aren't counted)

HP - 10.6% of worldwide market
Compaq - 9.1% of worldwide market
Dell - 8.9% of worldwide market
Apple - 7% of worldwide market
Fujitsu Siemens - 6.1% of worldwide market

44.1 million consumer units shipped worldwide

If you decide to try a similar approach, make sure you don't count overall PC sales. I found lots of figures for overall PC sales (which counted desktops, laptops, and server sales), but that doesn't help in this calculation. The figures above were collected from a few articles, and some SEC 10-K filings. Apple's % was figured from their SEC 10-K filing divided by total consumer units shipped (as listed by IDC).

This estimated market share is at least a better estimate than total PC sales (which counts servers according to dataquest and gartner). So it looks like Apple is fairing a bit better than the often quoted 2%. I am not saying that my findings are 100% correct, but I feel pretty confident in my methods and findings.

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08/28, 08:38pm | report spam | close Reply |
self serving interest

My friend's brother works for Fidelity, and told him not to invest in Apple almost 4 years ago.... when stock was at 12 a share... less than a month after that "advice", it was almost at 60 a share. They are out to make money off you... I invest my money in stocks I think will do well... usually stocks of companies of product I use.
I am personally glad that Apple doesn't have too much market.. have you dealt with some of these PC morons on a daily basis..... I have, and it isn't pretty.
Mike

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08/28, 09:17pm | report spam | close Reply |
They should keep talking

The stock went up almost 4% YAY!

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08/28, 11:42pm | report spam | close Reply |
Analysts,

after journalists, are the most useless form of upright-walking, two-legged life on earth. All of them repeat the same thing after each other; no matter how inaccurate their statements, their mass as a whole lends credence to their statements regardless of the complete inaccuracy of their research.

After media consolidation and mass lay-offs of so-called "journalists", these clowns are next. Good riddence, and I doubt Bill Gates will give any of them a job.

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08/29, 12:07am | report spam | close Reply |
Arrrrr

So they think it can't be done eh?

ARRRRR, Maties, hoist the Jolly Roger and give 'em what for. Look lively ye swabs! Grease the cannon balls and pour the powder... cutlasses at the ready! There's booty to be had!

ARRRRRRRR...

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08/29, 09:28am | report spam | close Reply |
Re: Analysts

Nonono... *SPAMMERS* are the most uselesss etc. Analysts are well above them, as they at least provide comedy relief.

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Wall Street unsympathetic to Apple niche

updated 04:00 pm EDT, Thu August 28, 2003

Apple will be #1

Let them

about wall street

Wall Street

yea, thats why..

i agree.

remember the IT bubble?

Ha!

Don't be so sensitive

Wall Street

It's not about MS

Marketshare

self serving interest

They should keep talking

Analysts,

Arrrrr

Re: Analysts

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Wall Street unsympathetic to Apple niche

updated 04:00 pm EDT, Thu August 28, 2003

Related Articles

Recent Articles

Apple will be #1

Let them

about wall street

Wall Street

yea, thats why..

i agree.

remember the IT bubble?

Ha!

Don't be so sensitive

Wall Street

It's not about MS

Marketshare

self serving interest

They should keep talking

Analysts,

Arrrrr

Re: Analysts

Login Here

Register for our weekly email newsletter:

Connect tools:

Subscribe

to our RSS

Follow us

on Twitter

10 Most Read

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