Right away, one ought to notice the staggering growth rate in both revenue and earnings that Apple displayed in 2008. Apple’s real revenue grew 54.5% from $24.637 billion in FYE 2007 to $38.041 billion in FYE 2008 — a full $13.4 billion growth in revenues. Even more impressive is Apple’s 81.2% growth rate in adjusted net income. For a company that is trading at 12 times 2008 earnings, it doesn’t take a genius to conclude that Apple is severely undervalued. Especially since Apple currently trades at about 3.37 times its cash position — which is objectively and significantly lower than every other large cap tech company.
GOOG trades at 7.18 times its cash position, RIMM at 15.51 times cash, AMZN at 9.15 times cash, MSFT at 9.13 times cash, CSCO at 3.62 times cash, IBM at 10.96 times cash, INTC at 6.54 times cash, and HPQ at 5.15 times cash. What is more, only GOOG, AAPL and MSFT have no debt of the companies mentioned above. Apple has the largest net cash position than any of those companies and Apple has more net cash than RIMM, GOOG, AMZN and IBM combined.
The following graphic, proudly copied from a TechCrunch post, blowed up my mind: I was expecting a big success for Apple's iPhone, but not this kind of numbers, this is huge!
It's a rumor, so treat it like that, a rumor. MacDailyNews reports the next Apple cutting edge product will be what someone called the MacBook Touch:
Think MacBook screen, possibly a bit smaller, in glass with iPhone-like, but fuller-featured Multi-Touch. Gesture library. Full Mac OS X. This is why they bought P.A. Semi. Possibly with Immersion's haptic tech. Slot-loading SuperDrive. Accelerometer. GPS. Pretty expensive to produce initially, but sold at "low" price that will reduce margins. Apple wants to move these babies. And move they will. This is some sick shit. App Store-compatible, able to run Mac apps, too. By October at the latest.
I was wondering what would be Apple's 2008 breakthrough product. Guess I found it. I recall to see some photos of this, but I lost them, do someone knows where to find some mockups of the possible MacBook Touch?
Following our discussion, iPhone Dev Team gave a step further in a totally open iPhone platform. Watch the following video till the end, there is always one last thing:
Once open a time, a company which had a lot of people using his digital media player, pushed people to use his browser through an 'almost automatic' software update. People complained about this behaviour, others defend it, and there was what someone called a nano-scandal, and a lot of people installed the new browser.
And then there were the bad guys (cause a tale has always bad guys), who found a way to break into someone's computer through a bug in the referenced browser. So, the company was/his installing a lock into a lot of personal computers, and someone has just found the master key.
If you upgraded your Safari to the new 3.1 version, use Gmail, and now your Shift or Tab keys are making your cursor jumping back to the To: field, here is the solution: change your default language to English (US); click on "Newer version" on the top right of the screen - only English (US) version has this option enabled; you are done, Gmail should be working perfectly now.
I guess people at Cupertino doesn't use Gmail...
Update: the same problem happens with Gmail for Google Apps, and I don't know how to solve it. Need a hand.
Dear Steve, you should sell the iPhones as you sell your computers: like an open plataform where anyone can install whatever application they want, with full responsability and without your paternal control.
This way, you will sell millions of iPhones worldwide, and will be doing what you do best: selling state-of-the-art hardware running a gorgeous, user friendly operating system.
Trying to gain from the mobile operators is buying a war you don't want (or need) to. Trying to gain from the developers community by restricting the free flow of creativity is wrong, and against the values of the Apple brand.
Finally, on the 8th of February, George Hotz (please donate) cracked the protection scheme used in the iPhone. In a matter of hours, a lot if scripts and applications arose in order to facilitate the job to the average joe.
Yesterday, a new tool hit the radar, and is now possible to unlock, jailbreak and activate iPhones 1.1.2 and 1.1.3 OTB in less than 3 minutes. So, if you are one in the million that have a locked iPhone, grab the ZiPhoneGUI tool (available only for windows) and happy cracking.
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