No I’m not talking about the stock, I’m talking about the service.
It’s pretty clear now that the stock found its price (at least for now) around $32 and the next step will be July 26th with the earnings.
What bothers me is really the service itself. Every time I try to go there and change some settings it takes me forever and it is so frustrating. I know I know, it is by design. They don’t want you to change settings (they are too good at doing it for you anyway). It is simple you may take control of the way the services function, so it’s better to not make it simple.
Anyhow even the service itself has become much more complicated than it used to be. You have a bunch of new tools, lists everywhere, pages, groups, apps. I really think it starts to suffer from pilling up additions on top of enhancements and upgrades. that starts to hurt the quality and the usability.
So for now I decided to stay away. I disconnected the automatic posting of tweets and blog posts. If you want to follow me, do it on twitter or subscribe to this blog.
The trend is not good on Facebook in my opinion.
That’s it! You may have heard of it but Apple has reached the exclusive club of the company with a market capitalization over $500 billions.
That certainly deserve some celebration but instead what you see all over the place is all sort of comparisons. The latest one claim that Apple is bigger than Poland! And I would like to point out how stupid that kind of comparison can be!!!
The market capitalization of Apple is indeed slightly over $500B but it does not make any sense to compare that to the GDP of Poland because the GDP is the amount of wealth produced by Poland in a year and certainly not the value of the country (otherwise it would be really really cheap and worth buying).
A more meaningful comparison would be to compare Apple Net Income with a country GDP. Using the last full year available data for Apple income ($26 B for the fiscal year ending in September 2011) the company would rank 89 out of 232 countries, just before Ethiopia.
And if that sounds weak to you, remember that we are comparing the profit of a company with the total wealth produced by a country. Also keep in mind, this Net Income is growing much faster than any country has ever been able to grow. With a forecast for 2012 at an estimated $40 B the company would rank #78.
There is currently a lot of noise around Apple with supposedly bad consequences for the company. The main source of noise is the condition of manufacturing of Apple products in China.
People are outraged (supposedly) by the work conditions in foxconn factories. I see that mostly as noise without significant repercussions.
A few supporting facts:
- conditions at Foxconn are overall better than in most chinese factories. Salaries are higher, infrastructures are better.
- workers line up like crazy to get a job there, they are certainly not forced to work there.
What people don’t realize is that working conditions in China are nowhere close to what we see in developed countries. That’s why there is so much manufacturing done there. That’s also why the american market is flooded with cheap chinese made items. And let’s face it, those same american shoppers who are supposedly outraged by those working conditions would never give up the availability of those cheap items they so much enjoy buying!
Time to stop the hypocrite outrage.
Even if the company has been in business for a few months, we simply had no presence on the internet. this oversight is fixed now.
In those pages we will discuss investment opportunities and analyses about investing in stocks. Our focus is on technology companies. Our staff has a special background and knowledge of the technology industry and can analyze and pick the best investments in that field.
We will also discuss trading stocks and options on those stocks as it is a powerful way to boost your return (not without risks).
This blog welcomes all discussions around those topics.
Of course we will have a special attention for the mother of all technology companies – Apple.