Print 38 comment(s) - last by mindless1.. on Sep 22 at 6:33 PM

New CEO Tim Cook (L) and former CEO Steve Jobs (R)
No Steve Jobs? No problem!

When Steve Jobs announced that he was resigning as CEO of Apple last month, many wondered how the market would respond to the news. With Tim Cook at the helm as the new CEO of Apple, investors need not worry -- in fact, Apple's stock is performing better than ever.

AAPL hit a high of $411.85 today and is now hovering around the $410 mark with just under an hour left before trading ends today. The stock is up 2.4 percent today while the overall market is down 1.28 percent. 

Apple Inc. now has a market cap of $380 billion compared to $355 billion for Exxon Mobile Corporation.

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RE: Sell Time
By mindless1 on 9/21/2011 8:45:05 PM , Rating: 2
OR if China exports a decent clone or alternative iDevice that could cut sales by more.

One thing is for certain. The price of well featured, portable communication devices, tablets, etc, is going to drop and drop hard. That essentially cuts Apple's market to early adopters again unless they accept slashed profit margins.

Even now many iPhone owners are thinking to themselves "I like my toy but damn it's expensive to have a *phone* these days compared to what it used to cost.

For now, they marvel at being able to get on facebook. Months pass and they realize, facebook isn't going anywhere, they don't need facebook as much as facebook (and apple) needs them.

RE: Sell Time
By michael2k on 9/22/2011 12:05:17 PM , Rating: 2
What are you talking about? The cost to have an Android phone is the same as an iPhone, since data is data and voice is voice.

The up front cost may be higher, of course, but that's always been the case for Apple products for decades, and it hasn't hurt them at all.

If an iPhone owner is thinking to themselves it's expensive, so would Android and Windows Phone users, too.

RE: Sell Time
By mindless1 on 9/22/2011 6:29:58 PM , Rating: 2
Android and Windows 7 phone manufacturers won't be able to charge a premium for those in the future either.

The "cost to have"? You mean use. That's entirely up to the owner. You can't really make a reasonable comparison like that, it would be like suggesting that if a $100K car and $20K car get the same gas mileage, that they cost the same "to have".

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