I have just expanded the How a Computer Works series with two new pages:
Apple, has been accused for a long time of not innovating. This goes back to the time of Steve Jobs when a certain group of people lived in a reality-warp that denied anything positive out of Apple. It continues now in the oft repeated meme: “Since Steve has gone, Apple no longer knows how to innovate.”
It amuses me that this usually comes from analysts or writers who – for the most part – themselves have never created anything of value themselves. Typically,t
hey know little of the creative process, and even less about technology. Oh sure, they know technological products, but next to nothing about how they work – that is, nothing about neither the physical hardware nor the software systems that drive the gadgets they critique. In short, they could not tell a bit from a case statement, and have never created even a simple electronic product.
Note 7: Why Keepers Are Fools
In another post on this topic, I discussed the human psychology that likely led to Samsung’s exploding battery problems. Here I will discuss another example of that psychological tendency in a related phenomenon – the Note 7 “keepers.”
As wild as it sounds, there are some people who have decided to keep their Note 7, in spite of the recall. Again, this gives us a great look into human psychology. What we see here is a case of:
Philosopher William James once penned that Logic is what one wants to believe. Now this was part of a much longer discussion on the topic that qualified this, but this case shows it beautifully.
Perhaps the strongest proponent of this is that of Mashable contributor Josh Dickey. Here we see a great example of using pseudo-logic to justify a truly illogical choice because he wants to keep his Note 7.
In a post he argues:
can we take a math break for a second?
Because when you do that, owning this supposed ticking time bomb is still statistically less dangerous than the act of getting in your car…
Apple share price has been slammed recently, falling as low as $92.43 last Wednesday. The question for investors is whether this downward trend will continue, if the price will remain range bound as it has for over a year, or if share prices will reverse and continue to appreciate.
I have identified three key factors in the future value of Apple stock. The first article focused on iPhone sales which many see as leveling off in growth, or even declining in the current year. Since this product currently accounts for well over 60% of Apple’s income, this would clearly affect performance. Fears over this are what drove the price down.
The second post focused on how the Services and Other Products categories – particularly the new Apple Watch – will likely drive moderate growth.
In this post we will examine what may be the most important influence on Apple stock price:
Apple’s latest earnings results handily beat Wall street estimates.
This is in contrast to many predictions of a major slowdown in iPhone sales which account for 63% of total revenue.
While recent events have led to a temporary retraction, I believe that the last quarter’s earning showing continued growth has relieved some of the negative pressure on the stock, and recent news of holiday sales will only add to this.
Elsewhere, I have provided a recap of the quarterly earnings.
For some, the more important element was the outlook for the upcoming quarter. The company guided for revenue between $75.5 billion and $77.5 billion, which is in line with analysts’ estimates.
Apple share price has been floundering for almost a year. It first saw yesterday’s (28 Oct. 2015) closing price of $114 back on November 18 of last year.
Yet all measures of performance are up significantly since then as noted in the chart.
HomeKit support has been present in the Apple TV firmware since v7.0, though Apple hasn’t discussed it.
So this, at least, is going forward.
On June 8 Apple (AAPL) opens its World Wide Developers Conference, a week long event for developers of apps for both the Mac and iOS platforms. The schedule is full of workshops and sessions that instruct software engineers and designers on the technicalities of the trade – how to program Apple products.
No session is more anticipated than the opening keynote address (10 AM Pacific time). Here CEO Tim Cook and cohorts will present several important classes of information:
The first point will eye-popping figures of product sales, usage statistics for various features such as Apple Pay, the number of billions of dollars that have been earned by iOS app developers, and so on. Hopefully, there will be some update on Apple Watch sales, a topic of great interest.
Number two is a longer section which will detail all that is new in the upcoming versions of the two operating systems. There are rumors that new features will be few as Apple may have focused more on improving performance. This is what it did with the Snow Leopard release, one of its most successful. However, there will be new features added to each system, but that is not my focus here.
In this article I will focus on number three. While there might be an upgrade to the Apple Watch – most likely with a new, faster processor, there is another product that I believe will take center stage.