Weblog
Stream of consciousness from the minds of es
Thursday, June 20, 2002
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Apple's Earnings Warning I just want to chat about Apple's earnings warnings for a bit. Apple claims the soft profits are because of weak demand in the education and design sectors which is going to lead to less-then-expected profits. Naturally this gave the street the reason to trample all over Apple's stock price. I believe many of investors are simply looking for a reason to downgrade Apple and this gives them the reason they are looking for. The street doesn't like markets/companies that aren't wildly growing, Apple fits that bill. Of course they loved Enron and look where that got them. :-) The reason Apple isn't making a lot of money is simple, I'm sitting on an almost 2 year old dual G4 450 Mhz machine and what do I have to upgrade to? A dual 1 Ghz machine for $3500. In almost 2 years Apple has failed miserably to produce faster machines, which leaves them charging *a lot* for a machine that's lagging behind its PC counter parts. Many publishing houses are probably in the same boat as I am, I would like to get a faster machine, but I don't want to spend $3500 to get a *modest* speed increase. If I'm going to drop a lot of money, I want to see something that flies compared to my current machine and so far Apple has failed to produce. Here's to hoping something major happens at MacWorld NY, for Apple's sake and our own. - Will comments posted at 9:26 AM Comments:Post a Comment |
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