Will someone with financial understandings explain this to me? I was lusting after the upcoming apple tablet, and thinking that, as usual, apple will make a killing with these things. Steve Jobs is like James Cameron to me. He’ll say he’s going to do something, and people will trash talk it, then they’ll all want one. I still want an iceberg for my living room. God thats a stupid joke, I have to leave it in.
(But seriously. remember how much trash talking people did about the iPhone? How awesome is a device if you buy it, knowing that the primary service (phone) will be crappy (at&t))
So. iTablet/iSlate/iPad I want one. Haven’t seen it, but I want it. So do you.
I started wondering how people make money off this kind of thing and then I realized that there’s a convenient forum for this, the stock market. So, I decided to figure out what Apple’s stock is like a week before their big january announcement, the day of the announcement, and then 6 months later.
[It’s sort of a BS bit of analysis I’m doing here. If I were knowledgeable I would compare it against the -rest- of the market, not against itself. Luckily, I’m not.]
Here’s a picture of what apple has been doing for the first 6 months of every year, over the last 3 years.
So… systematically a 40-60% increase. Does that mean if I buy $1000 in apple tomorrow, I’ll have $1600 in apple stock this June? That can’t possibly be right. Someone explain this to me.
Keep in mind, this year should be more profitable, because according to this site <http://buyersguide.macrumors.com/>, which keeps track of when new/updated mac products are released, based on the average length of days before updates/refreshes this year, 2010, Apple will be updating the following products;
Sooner(next month or two)
mac pro,
macbook pro,
macbook air,
iphone
Later(summer-fall)
Ipod (touch, nano, shuffle, classic)
macbook
much later
iMac, macmini,
That’s a lot of back to school, and a lot of christmas stuff for 2010.
Someone, tell me that I’m missing something, or that I should go buy a bunch of apple stock.